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  • The rand slides as poor domestic data take its toll
  • Yesterday, the rand shed more than 1% after the release of two critical economic indicators. Domestic economic growth figures disappointed. And unemployment figures showed a stark rise. Not helping the local unit was a stronger dollar, which benefited from a positive durable goods report. Let's take a closer look at what's going on… The rand slips well past R12 to the dollar Th... ››› more
  • [27 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 rand falters as the US again hints to an interest rate hike later in the year
  • The rand has come under some pressure this morning following comments by the chairwoman of the US Federal Reserve at the end of last week. On Friday, Ms Yellen hinted that interest rates could be on their way in 2015. This put the rand under pressure again. Investors are also waiting for the release of South African economic growth data, due out tomorrow. Let's take a closer look at what'... ››› more
  • [25 May 2015]
  • The rand responds positively to the Reserve Bank's announcement
  • Yesterday, the governor of the South African Reserve Bank announced that the monetary policy committee decided not to hike interest rates. But the central bank revealed that it was likely to be just a matter of time before rates would have to rise to keep inflation under control. The rand responded well to the news. Let's take a closer look at what's going on… The rand benefits fr... ››› more
  • [22 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]
  • 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]
  • A weaker dollar equals some welcomed respite for the rand
  • The rand is trading at its best level for around two-weeks as the dollar comes under pressure. The greenback is under strain following the release of retail sales data in the US yesterday. This has helped the rand out as investors look elsewhere for higher yields. Let's take a closer look at what's going on… The US economy is struggling to up growth The dollar has dipped to “... ››› more
  • [14 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]
  • While Eskom struggles to keep the lights on in SA, consider this power play in Kenya…
  • While South Africa may be Africa's second largest economy, it's struggling to stimulate growth. But there are other countries on the continent showing strong economic growth, such as Kenya. Kenya is Africa's fifth-largest economy. And to ensure its electricity supplies grow with the country's needs, Kenya's sole electricity provider is worth a look at… Key facts about Kenya Over the ... ››› more
  • [24 April 2015]
  • Consumer inflation inches higher for the first time since September 2014
  • Earlier today, Stats SA released its consumer inflation data for March. For the first time since September last year, the rate of inflation rose. But the rise was slightly less than economists forecast before release of the data. Let's take a closer look at what the data revealed… Consumer inflation rose to 4% in March Consumer inflation, as measured by the consumer price index (C... ››› more
  • [22 April 2015]
  • A spate of xenophobic attacks in SA could turn foreign investors away
  • Yesterday, police in Durban locked down the city centre as a barrage of xenophobic attacks took place on foreign-owned businesses. The city has been dealing with the attacks since last week. The rise of xenophobic incidences is not good news for South Africa. It could have a big impact on foreign investment in the country. Let's take a closer look… Yesterday saw xenophobic violence e... ››› more
  • [15 April 2015]
  • Eskom struggles to keep the lights on and resorts to stage three load shedding
  • After South Africa endured stage two load shedding on Monday, it got worse. By yesterday evening, Eskom has upgraded load shedding to stage three. The power utility is struggling with power supplies as a spate of unplanned maintenance hits its generators. So what's going on? Read on to find out more… More unplanned maintenance puts electricity supplies under strain Last night, ... ››› more
  • [15 April 2015]
  • The rand falls back through R12/$ as the greenback strengthens
  • After displaying some strength at the beginning of last week, the rand ended the week down against the dollar. The local currency is struggling as the greenback remains the currency of choice as speculation grows about when the US central bank will hike interest rates. Let's take a closer look at what's going on… The rand traded to a new low for April On Friday, the rand hit a ses... ››› more
  • [13 April 2015]
  • Could Medupi face further delays as workers strike?
  • The Medupi power plant has made the headlines over the past few years as delays and rising costs continue to plague its opening. And now work at Eskom's power plant is under further strain as interruptions hit the plant's construction for a second day. Let's take a closer look at what's going on… Eskom claims workers are blocking other workers from entering Medupi Earlier today, E... ››› more
  • [10 April 2015]
  • The PMI shows an improvement in SA business conditions for the first time this year
  • Earlier today saw the release of the HSBC purchasing managers' index covering March. It showed that for the first time since late last year, there was a rise in output. The economic indicator suggests conditions are improving in the private sector. Let's take a closer look at what the data revealed… PMI grew at its fastest pace in five months HSBC’s purchasing managers’ index ... ››› more
  • [07 April 2015]
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