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  • The petrol price and inflation could benefit from a lower oil price
  • 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
  • [05 August 2015]
  • Prepare for cheaper fuel at the pumps tomorrow
  • 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
  • [04 August 2015]
  • The rand shrugs off yesterday's interest rate hike
  • 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
  • [24 July 2015]
  • Consumer inflation nudges slightly higher, but less than forecast
  • 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
  • [22 July 2015]
  • The Reserve Bank will reveal its decision on interest rates tomorrow…
  • 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
  • [22 July 2015]
  • The South African economy takes another blow as tourism dips
  • 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
  • [21 July 2015]
  • Business confidence continues to slide
  • 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
  • [07 July 2015]
  • The energy regulator vetoes Eskom's bid to raise tariffs
  • 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
  • [30 June 2015]
  • 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]
  • The rand shows signs of strength as the Fed puts an interest rate hike on hold again
  • 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
  • [19 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]
  • The rand recovers slightly after sliding to a 13-year low on Friday
  • 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
  • [08 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 rand hits R12.27 to the dollar in the face of a data-heavy week
  • 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
  • [01 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 rand recoups some of yesterday's heavy losses
  • 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
  • [29 May 2015]
  • Shares in Nampak plunge over 13% as profits take a knock
  • 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
  • [27 May 2015]
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