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Economy

  • New vehicle sales slump as the South African economy continues to limp along
  • Yesterday, the National Association of Automobile Manufacturers of South Africa (NAAMSA) released the data for new vehicles sold in August. The figures revealed that sales of new vehicles did fall, but there were some small glimmers of hope in the numbers. Let's take a closer look at what the data reveals… Vehicle sales fell 738 from last year Last month, new vehicle sales fell 1.... ››› more
  • [01 September 2014]
  • Motorists have a hefty 67c drop in the petrol price to look forward to on Wednesday
  • It's been a tough year for motorists, with the petrol price bearing the brunt of a weak rand. But it's good news for drivers on Wednesday. The price of petrol will drop nearly 70c. The price of diesel will also drop. Let's take a closer look at what's going on... Motorists to get some well-deserved relief at the pump On Friday, the Department of Energy announced that come Wednesday ... ››› more
  • [01 September 2014]
  • What's happening in the markets this week
  • To find out what will be happening in the markets this week... Read below Jackson Hole vs Ukraine Last week started off on a positive note as markets took heart from speeches made by central bankers at Jackson Hole. The Fed’s Yellen assured markets that she felt that the labour market was still too weak to handle higher rates, while the ECB’s Draghi hinted at the possibility that we mi... ››› more
  • [29 August 2014]
  • Producer inflation eases very slightly in July, with scope for further falls
  • Earlier today, Stats SA released its producer inflation data for July. The data showed that producer inflation, measured by the producer price index (PPI), fell 0.1% from June. Some experts believe that producer inflation could continue to fall. Let's take a closer look at what the data showed… PPI fell to 8% Headline producer inflation eased “to 8% year-on-year in July,” ... ››› more
  • [28 August 2014]
  • The Ebola outbreak could have devastating economic effects
  • The current Ebola virus outbreak is the worst on record. It's already claimed the lives of over 1,500 people. And it looks like it's going to have dire economic consequences for affected African countries. It's even starting to affect the movement of commodities. Let's take a closer look at what's going on… The Ebola outbreak will curb economic growth in the region The presiden... ››› more
  • [28 August 2014]
  • The rand strengthens slightly on positive economic growth data
  • Yesterday, the local currency strengthened very slightly against the dollar. This follows the release of local economic growth data covering the second quarter of the year. But the rand has been trading in a tight range. What could be in store for the currency? Let's take a closer look… The rand pulled back before the release of GDP figures On Monday, the rand weakened slightly in... ››› more
  • [27 August 2014]
  • Mark Shuttleworth will appeal the Reserve Bank's multimillion rand levy on Thursday
  • South African billionaire, Mark Shuttleworth, will appeal against the South African Reserve Bank's decision to levy R250 million, which he paid in 2009. The businessman, who now resides in the Isle of Man, had to pay the levy after moving R2.5 billion of his money out of South Africa. The levy is in line with current exchange controls the central bank has in place. Let's take a closer loo... ››› more
  • [26 August 2014]
  • What's happening in the markets this week
  • To find out what will be happening in the markets this week... Read below ABIl after-shocks continue The effect of the ABIL meltdown continue to be felt over a week after its “bailout”. We say Moody’s downgrade the major South African banks due in part to their view that the ABIL rescue may make the SARB less able to help another bank should the need arise. This was immediately denie... ››› more
  • [25 August 2014]
  • Could a 20% tax on sugary drinks help control South Africa's obesity problem?
  • New research released earlier this week recommends the introduction of a tax on sugary drinks. The researchers behind the study believe if the government introduced a levy on sugary drinks, it would have a positive impact on South Africa's growing obesity problem. Let's take a closer look at what the study revealed… SSBs are putting pressure on healthcare costs in SA Drinks laced... ››› more
  • [21 August 2014]
  • The rand buckles under the strain of Moody's downgrading South Africa's top four banks
  • Yesterday, the rand weakened significantly following a day of bad news. Top of the agenda for the local currency was the news that ratings agency, Moody's, had downgraded four of South Africa's biggest banks. Adding to its woes was news that consumer inflation eased slightly, putting less pressure on the central bank to hike rates at its next meeting. Over the day, the rand fell over 1%. ... ››› more
  • [21 August 2014]
  • Consumer inflation falls slightly in July as food prices ease
  • Earlier today, Stats SA released its consumer price index (CPI) for last month. Consumer inflation came in slightly less than June. And below economists' forecasts. But CPI for July is still above the Reserve Bank's target band for inflation. Let's take a closer look at what the data showed. Consumer inflation eased 0.3% year-on-year Headline consumer inflation eased “to 6.3% year... ››› more
  • [20 August 2014]


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