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Tag Archives: Economy
Consumers will suffer as Rand falls to record low
FacebookTwitterLinkedinemailPrintIna Opperman, The Citizen, 12 May 2023 Consumers will suffer as the Rand fell to a new low on Friday, reaching a record low of R19.48 before easing later in the day. Read More
Manufacturing output declines by 5.2% in February: Stats SA
FacebookTwitterLinkedinemailPrintKatlego Legodi, SABC News, 11 April 2023 South Africa continues to see a decline in manufacturing output. It decreased by 5.2% year on year in February 2023. Read More
Repo rate hike to erode SA consumers’ disposable income: Credit reporting agency
FacebookTwitterLinkedinemailPrintNokukhanya Mntambo, Eyewitness News, 31 March 2023 Credit reporting agency TransUnion said that the latest repo rate announcement was a blow to already cash-strapped South African consumers. Read More
Interest rates hike to affect consumers’ credit access
FacebookTwitterLinkedinemailPrintNaledi Ngcobo, SABC News, 31 March 2023 The South African Reserve Bank’s (SARB) Monetary Policy Committee’s (MPC) decision to raise interest rates will affect the way consumers and businesses can access credit and plan their finances. Read More
SARB expected to increase repo rate
FacebookTwitterLinkedinemailPrintRisha Maduray, SABC News, 30 March 2023 Economists are expecting the South African Reserve Bank (SARB) to increase interest rates by 25 basis points at its Monetary Policy Committee meeting on Thursday. Read More
IMF warns South Africa economy risks stagnation
FacebookTwitterLinkedinemailPrintAFP, 22 March 2023 21:53 South Africa’s growth is set to decelerate sharply this year due to power cuts and the economy risks stagnation, the International Monetary Fund warned Wednesday. Read More
