10th February 2022
In
Blog Article
Stocks rose too.
The South African rand firmed in afternoon trade on Tuesday as power utility Eskom suspended its latest power cuts, with market focus also fixed on U.S. inflation data due later in the week that could unleash bets on faster interest rate hikes there.
At
21st January 2022
In
Blog Article
Consumer prices rose 5.9% in December, taking the average inflation rate for 2021 to 4.5%, according to the statistics office.
South African consumers are in for another difficult year, with energy and fuel prices likely to surge and the central bank and government set to remove
10th December 2021
In
Economy, Finance
After more than 90 nations imposed travel bans on the country right before its summer holiday season because of the discovery of the coronavirus omicron variant.
South Africa’s economic growth forecast of 5.1% for 2021 is at risk after more than 90 nations imposed travel bans
11th November 2021
In
Blog Article
Which boosted optimism about the global economic recovery.
The South African rand firmed on Friday along with other emerging market currencies after a volatile week with price swings driven by domestic politics and US monetary policy.
At 1513 GMT, the rand traded at 15.13 against the US