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  • Motorists face another whopping hike to the petrol price this week
  • After contending with a 49c a litre hike at the start of this month, the beginning of July brings another large petrol price rise. The Department of Energy confirmed the increase on Friday afternoon. Let's take a closer look at what's behind the hike and how much more you'll be paying at the pump… The petrol price is rising between 41c and 44c From Wednesday, the petrol price is r... ››› more
  • [29 June 2015]
  • A poultry deal between SA and the US puts 6,500 jobs at risk
  • Over the weekend, a deal between South Africa and the USA over poultry imports threatens the livelihoods of around 6,500 workers in the South African sector. Whilst the agreement will boost imports of poultry into SA, which is seeing a growth in demand, worries over the effects on the domestic poultry industry are growing. Let's take a closer look at what's going on… The SA poultry i... ››› more
  • [10 June 2015]
  • Business confidence is feeling the strain from persistent power problems
  • Earlier today, the South African Chamber of Commerce and Industry (SACCI) released its business confidence index (BCI) data for May. The index revealed a stark fall from April. It now stands at its worse level for 16 years. The main issue putting a dampener on business confidence is the impact of power supply problems. Let's take a closer look at what the data revealed… The busine... ››› more
  • [03 June 2015]
  • Will the economy suffer as interest rates rise to deal with inflation?
  • Yesterday, the Reserve Bank released its biannual monetary policy review. In the review, the central bank addressed the concerns of raising interest rates on lack lustre economic growth. And why inflation looks likely to continue rising. Let's take a closer look at what could be in store… It’s just a matter of time before interest rates rise Lesetja Kganyago, the governor of the... ››› more
  • [03 June 2015]
  • The petrol price will jump 47c a litre higher on Wednesday
  • On Friday, the Department of Energy revealed its new fuel pricing for the month of June. This will come into effect on Wednesday. The price of petrol and the price of diesel are both increasing significantly. So why is the fuel price increasing so much? Read on to find out… Fuel prices are on the rise again Last month, there was some respite for motorists as the petrol price st... ››› more
  • [01 June 2015]
  • South Africa's trade deficit grows to R2.51 billion in April
  • Earlier today, SARS released its trade data for April. Even though the data showed the trade deficit actually worsened last month, it was better than forecast. Let's take a closer look at what the data revealed… Trade data for April wasn’t as bad as expected In April, the “trade deficit widened to R2.5 billion,” says Bloomberg. This was down to exports declining “more tha... ››› more
  • [29 May 2015]
  • The rate of unemployment grows by 2.1% over the first quarter of 2015
  • Earlier today, Stats SA released its Quarterly Labour Force Survey. As is usually the case for the first quarter of the year, the number of people out of work grew, but by more than expected. This take the rate of unemployment to an eleven year high. Let's take a closer look at what the data revealed… The unemployment rate hits 26.4% The rate of unemployment rose to “its high... ››› more
  • [26 May 2015]
  • GDP growth falters as load shedding takes its toll
  • Earlier today, Stats SA released its gross domestic product (GDP) data for the first three months of this year. The data reflected the impact of load shedding on the country's economy and the effects of recent droughts. Let's take a closer look at what the data revealed… Economic growth falls sharply in the first quarter of 2015 Stats SA says GDP data indicated “the economy expa... ››› more
  • [26 May 2015]
  • The Reserve Bank keeps interest rates unchanged, but perhaps not for much longer
  • Yesterday, following its monetary policy committee meeting, the Reserve Bank announced it was keeping interest rates unchanged. But with inflation climbing again, South Africa's central bank may have to consider hiking rates to keep it in check. Let's take a closer look at what happened… Interest rates stand steady at 5.75% The governor of the Reserve Bank, Lesetja Kganyago, annou... ››› more
  • [22 May 2015]
  • Ramaphosa announces changes to Gauteng's e-tolls in a bid to reduce costs to motorists
  • Since the introduction of e-tolls, they've received fierce criticism from motorists around Gauteng. Today, the deputy president Cyril Ramaphosa announced changes to the e-tolling system. So what are these changes? And how will they affect you? Read on to find out… E-tolls will be cheaper Since the introduction of e-tolls onto Gauteng’s freeways at the end of 2013, there has b... ››› more
  • [20 May 2015]
  • Consumer inflation jumps sharply higher in April
  • Earlier today, Stats SA released its consumer inflation data for April. The data showed a steep rise in the consumer price index (CPI). But in spite of the rise, it was slightly below expectations. Let's take a closer look at what the data revealed… Consumer inflation hits 4.5% last month Consumer inflation rose to “4.5% year-on-year in April,” reports IOL. That’s up from th... ››› more
  • [20 May 2015]
  • NERSA will reveal whether Eskom can hike tariffs yet again at the end of June
  • Yesterday, the National Energy Regulator of South Africa (NERSA) announced that it will reveal its decision on Eskom's request for another tariff hike. Eskom has already implemented tariff hikes this year, though some of these don't come into effect until 1 July. If the new tariff hike request gains approval, it will see consumers coming under further strain. Let's take a closer look at w... ››› more
  • [14 May 2015]
  • New vehicle sales come under pressure in April
  • Yesterday the National Association of Automobile Manufacturers of South Africa (NAAMSA) revealed that the number of new vehicles sold last month fell. The number of new cars sold also fell. So why the drop in new vehicle sales? Let's take a closer look… New vehicle sales slump 3.4% The NAAMSA said that new vehicle sales fell 3.4% from April 2014 to April 2015, says IOL. That’... ››› more
  • [05 May 2015]
  • The petrol price remains unchanged for May
  • At the end of last week, the Department of Energy revealed the prices for petrol and diesel for the month ahead. There's very little changing with what motorists will be paying at the pump from this Wednesday. Let's take a closer look at what's in store… The diesel price is to drop 5c a litre From Wednesday, the petrol price will remain unchanged, says Fin24. The price of diesel w... ››› more
  • [04 May 2015]
  • Producer inflation starts to rise again, jumping 0.5% higher
  • Earlier today, Stats SA released producer inflation data for last month. The producer price index (PPI) climbed higher on a year-on-year and month-on-month basis. Let's take a closer look at what the data revealed… Producer inflation came in at 3.1% for March Producer inflation rose “to 3.1% year-on-year” last month, reports Fin24. That’s up 0.5% from the 2.6% reported in F... ››› more
  • [30 April 2015]

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