At the beginning of the week, the price of crude oil fell below $50 a barrel for the first time since February.
The oil price has been under severe pressure lately. This could translate into good news for the price of petrol in South Africa. This would have a positive impact on inflation.
Let's take a closer look at what's going on…
The oil price clawed back some losses
This morni... ››› more
From midnight, a fall in the price of petrol will offset the hike seen at the beginning of July.
International oil prices have helped to lower the cost of petrol in spite of the rand's weakening trend.
Let's take a closer look at what's going on…
The petrol price is falling more than forecast
Two weeks ago, data released by the Central Energy Fund suggested that a petrol price dro... ››› more
Yesterday, the monetary policy committee (MPC) announced its decision to raise interest rates in South Africa.
The rand weakened slightly following the news.
Let's take a closer look at what's going on…
The rand didn’t respond to the Reserve Bank’s announcement
Yesterday afternoon, the governor of the Reserve Bank, Lesetja Kganyago, announced that the MPC decided to hike inte... ››› more
Earlier today, Stats SA released its consumer inflation data for last month.
Whilst the key economic indicator came in marginally higher than May, it was much lower than economists expected.
Let's take a closer look at what the data revealed…
Consumer inflation hit 4.7% in June
Stats SA announced that the consumer price index came in at 4.7% for June, reports Fin24. This is 0.1% ... ››› more
The South African Reserve Bank's monetary policy committee is in the midst of a meeting.
Tomorrow South Africans will find out whether the central bank is hiking interest rates. With inflation creeping higher, it looks like the chances of a hike are increasing.
Let's take a closer look at what's going on…
The Reserve Bank has indicated raising interest rates is a possibility
The R... ››› more
Yesterday saw the release of the latest South African Tourism Business Index. The index showed a stark drop in tourism over the second quarter of the year.
Taking the blame for the drop in the index are new visa restrictions along with a number of other factors.
Let's take a closer look at what's going on…
South Africa tourism hits a four year low
The latest Tourism Business Index... ››› more
Earlier today, the South African Chamber of Commerce and Industry (SACCI) released its business confidence data.
The index revealed a hefty slide since last month.
This takes business confidence down to levels not seen since 1999.
Let's take a closer look at what's going on…
The business confidence index fell to 84.6 points
The business confidence index slid “to 84.6 points ... ››› more
Yesterday, the National Energy Regulator of SA (NERSA) announced it was rejecting Eskom's application to raise tariffs.
Not surprisingly, many have welcomed the regulator's decision.
Let's take a closer look at the reasons why NERSA rejected the application…
NERSA weren’t happy about a number of aspects in Eskom’s application
NERSA says that Eskom didn’t show “the savings ... ››› more
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
The rand has been under immense pressure this year and June has been no different for the local currency.
But following the release of a US Federal Reserve statement on Wednesday evening, the dollar gave up some of its gains as the central bank plans to keep rates unchanged for now.
Let's take a closer look at what's going on…
A weaker dollar helped the rand strengthen
Yesterday, ... ››› more
Earlier today, Stats SA released its consumer inflation data for May. The data showed a slight increased from the figure reported in April.
The rise in inflation suggests that an interest rate hike is more likely sooner rather than later.
Let's take a closer look at what the data revealed…
Consumer inflation hits 4.6%
Consumer inflation, as measured by the Consumer Price Index (CP... ››› more
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
Over the course of last week, pressure was building on the rand.
Traders had two main concerns. Firstly, would Fitch downgrade South Africa's credit rating? And how good was the US jobs report going to be?
They had to wait until Friday to get their answers. The rand weakened in the run up to the announcements. By that afternoon, the rand had slid through R12.70 to the dollar.
Let's take a... ››› more
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
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
The rand has continued its slide against the dollar.
This morning, the local unit has already lost close to 1% against the greenback. The rand is feeling the pressure as a number of data releases locally and internationally weigh.
Let's take a closer look at what's going on…
Risks lie ahead for the rand
The rand is still weakening against the greenback, reports Fin24. This as trad... ››› more
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
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
Yesterday, the rand fell to hit a five-week low.
This was thanks to a stronger dollar and the release of a report about capital flows to emerging markets.
Today, the rand awaits the release of local trade data and a slew of announcements next week.
Let's take a closer look…
A report about reduced capital flows hit the rand hard
Yesterday, the rand came under intense pressure af... ››› more
Yesterday, investors in Nampak watched as shares fell over 13%. This was thanks to the release of the company's results for the six months to the end of March.
The packaging company is feeling the strain of a struggling South African economy.
Let's take a closer look at what the results revealed…
Nampak shares fall in line with a drop in profit
Nampak [JSE:NPK] posted a 13% drop i... ››› more
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