Economy

  • A US interest rate hike is off the cards for now, but it could be just two months away
  • Yet again, after much speculation, the US Federal Open Market Committee decided to keep interest rates unchanged. But the committee hinted that a hike could happen at its next meeting in December. Let's take a closer look… The Fed surprised the market with hints of an interest rate hike in December Going with overall consensus, the Fed kept interest rates the same, reports BDLive.... ››› more
  • [29 October 2015]
  • The South African rate of unemployment edges higher
  • This morning, Stats SA released its unemployment figures for the third quarter of the year. The rate rose from the second quarter. The rise in the number out of work coincides with an economy struggling to grow. Let's take a closer look… Unemployment rises to 25.5% The rate of unemployment in South Africa has risen 0.5% to 25.5% from July to September, reports Fin24. Whilst the ra... ››› more
  • [27 October 2015]
  • Revision to visa regulations applauded after drop in tourism
  • Revision to visa regulations applauded after drop in tourism
    At the beginning of the month, the release of tourism data showed that the new visa regulations the South African government imposed were taking their toll. This led the tourism industry to ask the government to remove the new regulations as numbers showed they were having a big impact on the number of tourists visiting SA. Not good news for an economy already under pressure. The governme... ››› more
  • [26 October 2015]
  • Is a credit rating downgrade looming for SA?
  • Is a credit rating downgrade looming for SA?
    Last week when the finance minister gave his medium-term budget speech, the rand fell sharply. The contents of Nhlanhla Nene's mini budget along with the student protests going on outside parliament were not good news for the country's currency or for its credit ratings. Now there seems to be the very real possibility of a credit downgrade. Let's take a closer look… SA’s credit ... ››› more
  • [26 October 2015]
  • What yesterday's mini budget means for South Africa
  • Finance minister Nhlanhla Nene had to delay his medium-term budget yesterday as student protests outside of parliament took centre stage. The rand fell sharply from the beginning of the mini budget until Nene had finished his address. And now there's the stark reality of South Africa's credit rating being at risk of further downgrades. Let's take a closer look at what's going on… ... ››› more
  • [22 October 2015]
  • What Nene revealed in his medium-term budget
  • Today saw finance minister Nhlanhla Nene give his medium-term budget. Whilst he didn't drop in any surprises, he did say that the Treasury would be looking at ways to increase tax revenues. Let's take a closer look… South African economic growth should start rising next year Last year, the Treasury introduced a number of austerity measures to cut back spending, reports Fin24. Nene... ››› more
  • [21 October 2015]
  • No change to consumer inflation in September
  • Earlier today, Stats SA released its consumer inflation data for last month. The key economic indicator, as measured by the consumer price index (CPI), showed no change from August. Let's take a closer look… Consumer inflation remains at 4.6% South Africa’s rate of consumer inflation remained unchanged at 4.6% last month on a year-on-year basis, reports IOL. But looking at the ... ››› more
  • [21 October 2015]
  • The IMF cuts South African economic growth forecasts again
  • Yesterday, the International Monetary Fund (IMF) released its global economic growth forecasts. The organisation cut its growth forecasts for this year and next. The forecasts are lower than others, including the South African Reserve Bank's. So what does the IMF think lies ahead for SA? Let's take a closer look… The IMF pencils in lower economic growth The IMF believes that ec... ››› more
  • [07 October 2015]
  • Business confidence slides to a multi-decade low
  • Yesterday, the South African Chamber of Commerce and Industry (SACCI) revealed that business confidence in the country hit a 22 year low last month. So what's causing business confidence to continue to fall? Let's take a closer look… Business confidence plunged to 81.6 Last month, business confidence sunk to hit “its lowest level since the end of apartheid,” reports Fin24. Thi... ››› more
  • [07 October 2015]
  • It's a mixed bag for fuel prices this month with diesel users hardest hit
  • On Friday, the Department of Energy announced what was in store for fuel prices this month. The department revealed that prices would move up and down, it all depends on what fuel you use. Let's take a closer look… What’s going on with fuel prices? The Department of Energy said that users of 93 grade petrol will see the price fall by 2c a litre from Wednesday, reports Fin24. On ... ››› more
  • [05 October 2015]
  • New visa requirements are taking a hefty toll on South African tourism
  • There has been fierce opposition to the introduction of new visa requirements. Now the tourism industry is pleading with the South African government to scrap the changes. Tourism figures are sharply down. And this comes at a time when South Africa is in much need of tourists visiting and spending in the country. Let's take a closer look at what's going on… The impact of new visa ... ››› more
  • [02 October 2015]
  • New vehicle sales in South Africa continue to slide
  • Yesterday, the Department of Trade and Industry released its new vehicle sales data for September. The data showed that new vehicle sales in South Africa are under severe pressure, but the export market continues to improve. Let's take a closer look at what the data showed… Domestic new vehicle sales dropped 9% The Department of Trade and Industry showed that South African new veh... ››› more
  • [02 October 2015]
  • South Africa's trade deficit balloons as exports wane
  • Yesterday, SARS released its trade data for the month of August. The trade deficit grew to nine times greater than July's deficit and was much greater than economists forecast. So what led to the trade deficit widening so much? Let's take a closer look… The trade deficit widens to R9.95 billion The trade deficit grew from R1.1 billion in July to R9.95 billion in August, report... ››› more
  • [01 October 2015]
  • Consumer inflation eases slightly in August thanks to a lower oil price
  • Earlier today, Stats SA released its consumer inflation data for last month. The consumer price index (CPI) showed that inflation eased slightly on an annual basis. The upward pressures on inflation have subsided thanks to a lower oil price, which led to lower fuel prices. Let's take a closer look at what the data revealed… Consumer inflation comes in at 4.6% for August Consumer i... ››› more
  • [23 September 2015]


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