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  • Nigeria's economy takes a knock as a lower oil price takes its toll
  • Yesterday, Africa's largest economy said it was lowering growth forecasts and considering budget cuts as the oil price continues to ebb lower. Exports of crude oil make up the vast majority of the Nigerian government's revenue. So a drop in oil prices has widespread effects. Let's take a closer look at what's going on… Nigeria drops its economic growth forecast for next year by nearl... ››› more
  • [18 December 2014]
  • The petrol price could drop more than R1 in January as the oil price continues to tumble
  • Yesterday came news that motorists across South Africa will welcome. A hefty fuel price cut looks likely at the beginning of January. This is thanks to the oil price, which is continuing its journey lower. So what sort of cut in the petrol price can you expect? Read on to find out… The petrol price could drop by R1.07 a litre Yesterday, the Automobile Association of South Afric... ››› more
  • [18 December 2014]
  • The Russian rouble plunges despite an interest rate hike of 6.5%
  • Yesterday, the Russian rouble was in free fall. On Monday night, the Russian central bank tried to take control of the troubled currency by hiking interest rates, but it wasn't enough to stabilise the currency. So why is the rouble weakening so much? Let's take a closer look… A 6.5% hike to interest rates did little to stabilise the rouble The Russian rouble sank yesterday, “... ››› more
  • [17 December 2014]
  • Yet again, Eskom struggles to keep South Africa's lights on
  • Load shedding seems to becoming commonplace again in South Africa. And the story was no different yesterday. Eskom revealed that electricity supplies were under pressure again following the breakdown of four generators at three different power stations. Eskom says it's managed to get two of the generators back online, but problems remain. And further load shedding appears likely. Let's ta... ››› more
  • [17 December 2014]
  • The rand recoups some of its losses, but flirts closer to R12/$
  • The rand was under heavy pressure last week. Traders are shunning the local currency as South Africa's economic fundamentals continue to be unimpressive. Adding to the strain on the rand were worries that ratings agency Fitch would downgrade South Africa's credit rating. Let's take a closer look at what's going on… Fitch keeps its ratings unchanged for South Africa After much... ››› more
  • [15 December 2014]
  • The rand wobbles ahead of Fitch's credit rating decision amidst Eskom troubles
  • Yesterday, the rand continued to weaken against the dollar. This saw the local currency hit fresh six-year lows. This week, the rand has battled as traders worry about the chance of another downgrade in South Africa's credit rating by Fitch Ratings. Not only that, Eskom's problems are weighing on the government's finances. This is putting fresh pressure on the currency. Let's take a close... ››› more
  • [12 December 2014]
  • The rand wallows at six-year lows of 11.55/$... What's going on?
  • After hitting a six-year low on Monday and strengthening slightly yesterday, the rand has dipped sharply again. So why is the rand under so much pressure? Let's take a closer look… A downgrade by Fitch could hit the rand hard The current jitters hitting the rand relate to tomorrow’s review by Fitch Ratings on South Africa’s credit rating, says Bloomberg. There are fears that t... ››› more
  • [11 December 2014]
  • Inflation eases slightly in November thanks to a lower oil price
  • Yesterday, Stats SA released its data on consumer inflation for last month. The data showed inflation fell last month. The ebbing oil price played a large part in reducing the pressure on inflation. Let's take a closer look at the data and what could be in store for next year on the inflation front… Consumer inflation dropped to 5.8% in November Stats SA showed that its consumer p... ››› more
  • [11 December 2014]
  • Ebola in West Africa decimates economic growth
  • Yesterday, the World Bank highlighted the severe impact that Ebola is having on the worst affected West African countries. The spread of the disease in Guinea, Sierra Leone and Liberia has had a major effect on economic growth this year. This had led the World Bank to slash its economic growth forecasts for this year and next. Let's take a closer look at what's going on… Ebola is tak... ››› more
  • [03 December 2014]
  • New car sales fall, but used cars sales rise
  • Yesterday, the National Association of Automobile Manufacturers of SA (NAAMSA) released its figures on new vehicle sales for November. The number of new cars sold fell over the month. Yet one of South Africa's major banks says that sales in used cars rose over the month. Let's take a closer look at what's going on… New car sales fall 2.5% The NAAMSA’s data showed that car sales ... ››› more
  • [03 December 2014]
  • The Reserve Bank hints that interest rates may remain unchanged for some time
  • South Africa's economy has been through the mill this year. The first half of the year was marred with strikes that crippled the economy, pushing growth briefly into contraction territory. The rand has been weak, struggling to strengthen below R11/$. This helped inflation break out of the top end of the central bank's inflation target range for much of the year. Yesterday saw the release ... ››› more
  • [02 December 2014]
  • The rand slips further after shock trade deficit
  • The new week hasn't brought the rand any respite. The local currency has continued to trade weaker against the dollar following the release of trade balance data on Friday. The data revealed that SA's trade deficit ballooned over October. Let's take a closer look at what's going on with the rand… The rand is trading at three-week lows The rand is trading at “fresh three-week ... ››› more
  • [01 December 2014]
  • The petrol price will drop 67c next Wednesday
  • After much speculation, the price of petrol will drop significantly next week, along with the price of diesel. The falling oil price and a steady rand have helped contribute to another fall in the fuel price. Let's take a closer look… The price of petrol and diesel will both fall Earlier today, the Department of Energy confirmed that both the petrol price and the diesel price will... ››› more
  • [28 November 2014]
  • The rand weakens slightly in anticipation of trade data out later today
  • The rand was trading slightly weaker against the dollar this morning. Traders are waiting for the release of South African trade data that comes out later today. Expectations are that the trade deficit will have increased markedly from September to October. Let's take a closer look at what's going on… The rand weakens but not as much as some of its emerging market counterparts The... ››› more
  • [28 November 2014]


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