September brought some great news as annual consumer inflation dipped for the fourth consecutive month, settling at 3.8%, down from 4.4% in August. This marks the lowest inflation rate since March 2021, when it was recorded at 3.2%. Overall, prices Read the full story
With South Africa’s economic recovery remaining hesitant and the global growth outlook uncertain, the Reserve Bank has decided to leave interest rates unchanged, Governor Gill Marcus said at the Bank’s monetary policy committee (MPC) meeting on Thursday. “The MPC has Read the full story
Pretoria – Low interest rates and high inflation do not encourage economic growth, economist Chris Hart said on Tuesday. “Low interest rates in the developed world have become counter-productive…. Growth has to be funded. In South Africa where interest rates Read the full story
Pretoria – Trade conditions deteriorated sharply in July, says the South African Chamber of Commerce and Industry (SACCI). Current trade conditions, as reflected by the Trade Activity Index (TAI), dipped further into negative territory, registering a seasonally adjusted 38 in Read the full story