Repo rate remains unchanged: Here’s when the next update will be
The GDP growth forecast for 2024 and 2025 is unchanged from the previous meeting, at 1.0% and 1.1%, respectively.
News
Health for Dummies
SA poultry producers warn of egg, chicken shortage due to rampant ‘bird flu’
Poultry meat shortages are also anticipated over the next four to six months, with initial effects potentially appearing as early as December 2023.
Lifestyle
Consumer Price Inflation Increases in August 2023: Implications Explained
In August, the annual inflation rate for goods reached 5.6%, slightly up from the 5.5% observed in July.
News
Employment in South Africa: These industries contributed the most jobs between April and June 2023
Between April and June 2023, these industries contributed the most jobs and, effectrively, had a positive impact on employment in South Africa.
News
Fitch Ratings extends South Africa rope with ‘stable’ outlook
According to Fitch, South Africa’s credit rating is constrained by low real gross domestic product (GDP) growth hampered by power shortages.
Lifestyle
SA interest rates spike with 10th consecutive repo rate increase
The SARB has raised the repo rate at least 10 times since November 2021. Here’s what it means for SA interest rates.
Lifestyle
South Africa’s unemployed population grows to 7.9 million
In the first three months of 2023, South Africa’s unemployed persons totalled 7.9 million. Here are some of the key stats you must know.
Technology
President Ramaphosa promises R800m fund to ‘unlock’ skills training in digital economy
The National Skills Fund is expected to launch a training package in digital skills for unemployed youth in the country.
Lifestyle
SARS revenue collection exceeds R2 trillion for the first time ever
For the first time in history, SARS exceeded R2 trillion in gross revenue collection.
Lifestyle
Profit versus health: Four ways big global industries make people sick
These four industries account for at least one-third of global preventable deaths.
Lifestyle
Repo rate increase: Here’s the new prime interest rate in South Africa
Here’s how the repo rate increase affects South Africa’s prime interest rate.
Events
2023 Buy Local Summit: Here’s everything you need to know
Proudly SA is gearing up to host the 2023 Buy Local Summit, which will take place on 27 and 28 March at the Sandton Convention Centre.
Viral
Treasury reacts to S&P’s action to downgrade SA’s credit rating outlook
According to S&P, economic growth in South Africa is facing increasing pressure from infrastructure constraints, particularly loadshedding.
Viral
Ramaphosa Q&A: Work underway to implement Economic Recovery Plan
President Ramaphosa was responding to questions by Members of Parliament on Thursday in Cape Town.
Lifestyle
South Africa is exporting more food – But it needs to find new growth frontiers
The major export crops continued to be maize, wine, grapes, citrus, berries, nuts, apples and pears, sugar, avocados, and wool.
Lifestyle
Quarterly data shows South Africa unemployment rate barely improved in Q4:2022
South Africa’s unemployment rate dropped 0.2% in the last three months of 2022.
Viral
Reserve Bank hikes repo rate to 7.25%
The increase means that the repo rate will now be 7.25% per year from 27 January 2023, with prime now at 10.75%.
Lifestyle
Loadshedding relief package in the works, SA’s Small Business Dept says
The Department of Small Business is working on an energy relief package for SMMEs to alleviate the impact of loadshedding.
Lifestyle
Reserve Bank hikes repo rate for the third time in 2022
The repo rate in South Africa reached 7% after the SA Reserve Bank’s Monetary Policy Committee (MPC) agreed to a 75 basis points hike.
Lifestyle
SARS records R7.18bn trade surplus: Here’s what it says about the exports industry
The R7.18 billion preliminary trade balance surplus, was attributable to exports of R175.37 billion and imports of R168.19 billion.
Lifestyle
SA’s repo rate jumps to 6.25%, fifth increase since November 2021
The increase means that the repo rate will now be 6.25% per year from 23 September 2022, with prime now at 9.75%.
Lifestyle
Loadshedding leading contributor to South Africa’s GDP decline
The Statistician-General attributed the contraction of the GDP to a number of factors that include load shedding
Lifestyle
Ramaphosa calls 0.6% drop in unemployment ‘cautious optimism’
The President added that employment gains show that the government is making headway in creating jobs.
Viral
South Africa’s repo rate hikes for the first time in three years
The increase means the repo rate would be 5.50% per year from 22 July 2022.
Lifestyle
South Africa’s GDP is on the upswing – Here are the stats for Q1:2022
A positive start to the year.
Technology
Africa has ambitious goals for 2063: Plans for outer space hold the key to success
The agenda has 15 flagship projects.
Lifestyle
South Africa’s minimum wage set to increase this year
As in previous years, the adjustment provides exceptions for several worker groups.
Lifestyle
Cost of living in South Africa: Food prices dominate household expenses
The least proportion of income is spent on health, communication and education.
Lifestyle
Reserve Bank increases repo rate by 25 basis points
The rise was the first in almost three years.
Lifestyle
Nigeria’s digital currency: what the eNaira is for and why it’s not perfect
The introduction of the eNaira will cut out ‘middle men’ or the use of financial institutions.