South Africa's economy has been through the mill this year.
The first half of the year was marred with strikes that crippled the economy, pushing growth briefly into contraction territory.
The rand has been weak, struggling to strengthen below R11/$. This helped inflation break out of the top end of the central bank's inflation target range for much of the year.
Yesterday saw the release ... ››› more
Yesterday, the deputy governor of the Reserve Bank Daniel Mminele said there are concerns over the high inflationary environment in South Africa. This leaves the central bank with tough choices. Increasing interest rates to try to curb inflation could dent already struggling economic growth. Let's take a closer look…
High inflation poses a problem
Mr Mminele said that inflation is currently ... ››› more
Earlier today, Stats SA released its producer inflation data for April. The data showed that once again, inflation leapt on a month-on-month basis. The rand took the news as a sign to strengthen. Let's take a closer look at what's going on with producer inflation and why the rand liked the news…
PPI came out at 8.8%
Today’s data showed that headline producer inflation, measured by the p... ››› more
Earlier today Stats SA released the rate of inflation for April. They revealed that the consumer price index (CPI) came in at 6.1% for the month. This is higher than the South African Reserve Bank's preferred target range of between 3% and 6%. So what does CPI mean? And what does higher inflation mean for you? Read on to find out what you need to know…
What is CPI?
CPI is the measure used... ››› more
If you're holding gold as your only hedge against inflation… you're likely making a big mistake. Many people believe this common "myth" about gold: As the price of everyday goods we buy rises, the price of gold will increase in lockstep. It makes some intuitive sense. But in reality, it doesn't work that way… And there's a MUCH BETTER inflation hedge out there. Read on to discover what this is... ››› more
Tonight, the fuel price rises again. This time you'll be paying an extra 32 cents a litre at the pumps. And with motorists paying a record price to fill up their cars, now taxi commuters will pay more too. Read on to find out more about the latest fuel hike…
No doubt, petrol stations across the country will be queued out the door as motorists make the most of the current price of fuel.
This... ››› more
Tomorrow morning, Stats SA release the Consumer Price Index (CPI) figure for June. This indicator shows the current rate of inflation in South Africa. Read on to discover exactly what CPI is and what it means for you…
The most commonly quoted inflation rate in SA is the Consumer Price Index (CPI).
It measures the changes in prices of a representative basket of goods and services.
CPI sho... ››› more
Following three days of discussions at its monetary policy committee meeting, Gill Marcus, governor of the South African Reserve Bank revealed that interest rates wouldn't change for the time being. Let's see what Marcus revealed in her statement…
Today, Gill Marcus confirmed that interest rates would remain unchanged, “keeping the repo rate at 40 year lows of 5%,” reports Fin24.
The in... ››› more
With global factors dragging SA down, problems closer to home are impacting economic growth further. Here's what President Jacob Zuma says he's going to do about it …
Surprisingly, the market reacted positively to news that President Jacob Zuma has vowed to take a stance to aid the struggling SA economy.
This follows Zuma’s previous intervention about the “economy and the effects of lab... ››› more
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