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
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
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
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
Earlier today, the South African Reserve Bank's monetary policy committee decided to keep interest rates unchanged for the moment.
This follows the US Federal Reserve's decision last week to keep its interest rates also on hold.
Let's take a closer look at the Reserve Bank's decision…
Interest rates remain unchanged as inflationary pressures ease
The governor of the Reserve Bank, ... ››› more
Tomorrow afternoon, the South African Reserve Bank's monetary policy committee meeting will conclude.
Will the committee decide to hike rates or will it keep then unchanged?
Let's take a look…
Interest rates may rise in November
Thanks to the US Federal Reserve keeping its interest rates unchanged last Thursday, it looks likely that the Reserve Bank will follow its lead, reports F... ››› more
Yesterday, Stats SA released its retail sales data covering July.
On an annual basis the key economic figure showed growth was higher than economists expected. But it was less than the growth seen during June.
Let's take a closer look at what the data showed…
Retail sales grew 3.3% in July
Retail sales came in at 3.3% on an annual basis in July, says BDLive. This is down from the... ››› more
Yesterday, the South African Reserve Bank released its latest figures on the current account. Data showed that the current account deficit eased for the second quarter of the year.
The data surprised economists who had forecast a reduction, but not by as large a margin. The rand gained on the news.
Let's take a closer look…
The current account deficit is now at its smallest in four y... ››› more
Today saw the release of the RMB/BER business confidence index data for the third quarter of this year.
The data showed that the index is now sitting at levels not seen since 2011.
So what's putting pressure on the index?
Let's take a closer look…
Business confidence dips again
The business confidence index (BCI), which the Bureau for Economic Research conducts and Rand Merchan... ››› more
On August 31 President Jacob Zuma told the Business Day Newspaper that: “The economy is sick.” and that only “government tightened its belt.”
(After handing around above CPI wage increases to all manner of public workers - and bailing out SAA, the SABC and any number of other state-funded white elephant money-pits. Not to even mention Nkandla...)
Then our dear president said “Sho... ››› more
On 2 September, motorists can look forward to paying less at the pumps for both petrol and diesel.
This brings the second consecutive month of cuts to the petrol price.
So what is behind a drop in the price of petrol and other fuels?
Let's take a closer look…
The petrol price will fall by 69c a litre
On Friday, the Department of Energy revealed that from Wednesday, the petrol p... ››› more
Each month when Stats SA releases its consumer inflation data for the month, one of the comparisons made is where the rate sits with the Reserve Bank's inflation target.
The South African Reserve Bank has an inflation target of between 3% and 6%.
So what exactly is inflation targeting? And what are the benefits of following such a policy?
Let's take a closer look…
What is inflatio... ››› more
Yesterday afternoon, the US Commerce Department revealed that the US economy has grown over 1% more than first thought during the second quarter of this year.
This led to stocks rallying in Europe and the US, and the oil price going through the roof.
The upbeat data could give the US Federal Reserve enough reason to hike interest rates this year.
Let's take a closer look…
US GDP c... ››› more
Yesterday, Stats SA released its producer inflation data for July.
The producer price index (PPI) fell year-on-year in comparison with June's figures. Economists were expecting a rise in producer inflation.
Let's take a closer look at what the data showed…
Producer inflation dipped to 3.3%
Stats SA revealed that producer inflation fell to 3.3% last month, down from the 3.7% report... ››› more
Earlier today, Stats SA released its gross domestic product (GDP) data for the second quarter of the year.
The data surprised showing a sharp contraction despite economists expecting the economy to have grown during the three months.
So what's to blame for the slump?
Read on to find out more…
The South African economy contracts 1.3%
GDP data showed that the “economy contracte... ››› more
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