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SA in longest downward business cycle since 1945 - report

SA in longest downward business cycle since 1945 - report

09/10/2018 - 09:03
South Africa is in the longest downward business cycle since 1945, according to a report by the Centre for Risk Analysis (CRA) at the Institute of Race Relations (IRR). read more
SA economy poised for growth, and a stable repo rate in 2017

SA economy poised for growth, and a stable repo rate in 2017

24/01/2017 - 08:42
SA’s economy will get a boost from perkier commodity prices, a benign inflation outlook, and better rains for the agriculture sector this year, a Reuters poll found on Thursday. The 27 economists in the poll suggested growth in SA would accelerate to 1.1% this year and 1.6% next year. The South African Reserve Bank (SARB) estimated GDP expanded 0.4% last year. read more
SA moving closer to higher interest rates

SA moving closer to higher interest rates

14/06/2016 - 17:07
Pretoria - The SA Reserve Bank will likely begin raising interest rates again, owing to a growing current account deficit, a sharp contraction in growth, and the weakness of the currency, analysts predict. read more
Rand reverses losses after rate hike

Rand reverses losses after rate hike

18/03/2016 - 10:18
Johannesburg - South Africa's rand reversed losses, rallying more than 3 percent to its strongest in more than a week after the central bank hiked interest rates amid a political showdown that has jolted President Jacob Zuma's government. read more
Another rate hike coming next week: economist

Another rate hike coming next week: economist

14/03/2016 - 09:02
The South African Reserve Bank (Sarb) is set to hike rates, according to two prominent economists who believe a 25 basis-point interest rate increase will likely be the outcome of the next monetary policy committee (MPC) meeting. read more
SA bracing for stiff rate hike

SA bracing for stiff rate hike

28/01/2016 - 14:50
Cape Town - South Africans are bracing for an interest rate hike of up to 50 basis points on Thursday, as the rand hovers at record low levels. read more
AB InBev intends to list on JSE

AB InBev intends to list on JSE

15/12/2015 - 09:43
Anheuser-Busch InBev’s (AB InBev) says its intention to list on the JSE in mid-January shows it’s "commitment to SA and the African continent". read more
Reserve Bank resumes hiking cycle as it warns of risks

Reserve Bank resumes hiking cycle as it warns of risks

24/07/2015 - 10:40
The South African Reserve Bank’s monetary policy committee (MPC) took a "finely balanced" decision to hike interest rates 25 basis points on Thursday, raising the question of what its next move would be as it flagged numerous risks to inflation. read more
SA's net reserves dip in January

SA's net reserves dip in January

06/02/2015 - 10:50
Johannesburg - South Africa's net gold and foreign exchange reserves dipped to $42.145bn in January from $42.727bn in December, data from the SA Reserve Bank (Sarb) showed on Friday. read more
Credit growth slows to 8.52% in December

Credit growth slows to 8.52% in December

30/01/2015 - 11:21
Johannesburg - South Africa's private sector credit demand grew 8.52% year-on-year (y/y) in December, down from 9.13% in November, Reserve Bank data showed on Friday. read more
No rate rise likely as inflation slows

No rate rise likely as inflation slows

22/01/2015 - 13:33
Inflation slowed last month amid lower fuel prices and a slower pace of increase in food prices — almost guaranteeing that interest rates would remain unchanged next week. read more
Economic Week Ahead: GDP data to indicate if economy is in recession

Economic Week Ahead: GDP data to indicate if economy is in recession

25/08/2014 - 10:42
This will be a week of reckoning for the South African economy. Second-quarter gross domestic product (GDP) data set to be released on Tuesday will reveal whether the economy is in recession. read more
SARB: Inflation is “uncomfortably high”

SARB: Inflation is “uncomfortably high”

25/06/2014 - 11:57
Pretoria - South Africa's deputy central bank governor, Daniel Mminele, said on Tuesday that inflation was “uncomfortably high” and could increase further.  read more
Rand near two-month low as economy weakens

Rand near two-month low as economy weakens

03/06/2014 - 11:09
Johannesburg - The rand was still struggling against the dollar last Tuesday, after falling to two month lows overnight, with the country's weak economic fundamentals denting investor appetite. read more
Rand remains under pressure

Rand remains under pressure

24/04/2014 - 14:22
Johannesburg - The rand extended losses against the dollar on Wednesday, keeping in step with its emerging market peers even as local inflation data suggested the central bank may hike interest rates next month. read more
SARB hikes repo rate by 0.5%

SARB hikes repo rate by 0.5%

30/01/2014 - 11:00
Pretoria - South Africa's Reserve Bank raised interest rates for the first time in nearly six years on Wednesday, keeping in step with other emerging market economies that have tightened monetary policy to try to stem sharp falls in their currencies. read more
Marcus: SA growth prospects have weakened

Marcus: SA growth prospects have weakened

29/07/2013 - 08:04
Pretoria - South Africa's economic growth prospects have weakened and constraints in electricity supply pose further downside risks, Reserve Bank Governor Gill Marcus said on Friday. read more
SA's credit rating under pressure

SA's credit rating under pressure

20/05/2013 - 10:07
The rand weakened as foreigners sold off R400 million in equities and R799m in bonds last week, driving the rand from R9.15 to the dollar at the start of the week to almost R9.40 on Friday. International markets are very sensitive to any labour disruptions in the mining industry given the tragedy at Marikana last year. read more
Credit growth slows to 7.79%

Credit growth slows to 7.79%

02/05/2013 - 08:44
Johannesburg - Growth in credit demand by South Africa's private sector slowed to 7.79% year-on-year in March from 7.88% in February, data from the South African Reserve Bank showed on Tuesday. read more
Analysts: No rate hikes soon

Analysts: No rate hikes soon

22/03/2013 - 08:07
Johannesburg - The SA Reserve Bank's concern about growth and consumer growth in particular shows that interest rate hikes are just not possible, economists say. read more
Economic growth seen subdued in 2013

Economic growth seen subdued in 2013

18/01/2013 - 07:32
Johannesburg - South Africa's interest rates are likely to stay this year as the Reserve Bank looks to curb rising inflation amid subdued economic growth, a Reuters poll found on Thursday. read more
Repo rate unchanged

Repo rate unchanged

23/11/2012 - 15:18
The prime interest rate will remain steady after the SA Reserve Bank opted on Thursday not to change the repo rate. read more
Dip in inflation seen, meat prices worry

Dip in inflation seen, meat prices worry

20/11/2012 - 08:08
Johannesburg - Inflation is set to moderate slightly in October although the rising cost of meat could push food prices higher, a Reuters poll found on Friday. read more
Sarb sees lower economic growth

Sarb sees lower economic growth

31/10/2012 - 07:57
Pretoria - A report issued by the SA Reserve Bank on Tuesday sees economic growth slowing. read more
Credit growth quickens to 9.07%

Credit growth quickens to 9.07%

30/10/2012 - 07:26
Johannesburg - Growth in credit demand by the private sector accelerated to 9.07% year-on-year in September compared with 7.93% rise in August, central bank data showed on Monday. read more
Sarb leading indicator recovers

Sarb leading indicator recovers

24/10/2012 - 07:26
Johannesburg - SA's composite leading business economic indicator rose for the first time after eight declines on a year on year basis by 0.1 % year on year (y/y) in August‚ after a revised 1.8% (2.3%) y/y decline in July‚ data released on Tuesday by the South African Reserve Bank (Sarb) showed. read more
Sarb appoints new COO

Sarb appoints new COO

14/09/2012 - 07:51
Johannesburg - The SA Reserve Bank (Sarb) has appointed Pradeep Maharaj to the newly-created position of chief operating officer (COO) with effect from November 1.  read more
 Household borrowing is growing too fast – Loos

Household borrowing is growing too fast – Loos

31/08/2012 - 08:59
Households are on a borrowing spree, according to John Loos, a strategist at FNB. He said interest rate policy should focus not only on inflation but should “also aim to contain household sector credit growth to lower single-digit growth rates”.  read more
Sarb sentiment indicator falls in June

Sarb sentiment indicator falls in June

22/08/2012 - 08:23
Johannesburg - The South African Reserve Bank’s monthly leading business cycle indicator continued to decline in June, falling 1.1% from May as export prices for commodities deteriorated, a survey showed on Tuesday. read more
Upbeat SA retail sales growth greeted with scepticism

Upbeat SA retail sales growth greeted with scepticism

16/08/2012 - 09:33
Growth in South Africa’s retail sales was faster than expected in June, increasing 8.3% year on year at constant prices, compared with a revised 7.1% rise in May, Statistics South Africa said on Wednesday. read more
Marcus warns against expectations of further rate cuts

Marcus warns against expectations of further rate cuts

30/07/2012 - 08:18
For the second time in two days, Reserve Bank governor Gill Marcus warned at the weekend that the recent cut in the bank’s repo rate, from 5.5 percent to 5 percent, did not imply the rate-cutting cycle had been resumed.  read more
Retail sales dim rate cut hopes

Retail sales dim rate cut hopes

19/07/2012 - 09:20
Johannesburg - Growth in South Africa's retail sales accelerated above expections in May, data showed on Wednesday, denting any chance the Reserve Bank will trim interest rates from current three-decade lows this week. read more
Maize price hikes dim hopes of interest rate cut

Maize price hikes dim hopes of interest rate cut

18/07/2012 - 09:13
A leap in global grain prices over the past month is set to tarnish an otherwise benign outlook for inflation in SA, and dampen speculation the Reserve Bank may cut interest rates later this year. read more
Factory output blows past forecasts

Factory output blows past forecasts

13/07/2012 - 08:50
Johannesburg - South Africa’s factory output grew above expectations in May compared with last year, backing the case for interest rates to stay unchanged at next week’s policy meeting, although the central bank may cut them later this year to buoy the economy. read more
Reserve Bank may lower inflation forecasts

Reserve Bank may lower inflation forecasts

22/06/2012 - 08:12
The Reserve Bank may revise its inflation forecasts lower as a result of figures pointing to an improved outlook, the Bank’s deputy research head, Johan van den Heever, said on Thursday. read more
Inflation quickens to 6.1%

Inflation quickens to 6.1%

25/05/2012 - 08:27
Johannesburg - South Africa's consumer inflation quickened slightly to 6.1% year-on-year (y/y) in April from 6.0% in March, breaching the top end of the Reserve Bank's target band once again, Statistics South Africa data showed on Wednesday.  read more
Interest rates unchanged

Interest rates unchanged

25/05/2012 - 08:14
Johannesburg - The Reserve Bank will maintain current interest rates, governor Gill Marcus said on Thursday. read more
Lower commodities help ease SA prices

Lower commodities help ease SA prices

30/04/2012 - 08:13
Johannesburg - South Africa’s producer inflation, which represents domestic output, slowed to 7.2% year-on-year (y/y) in March from 8.3% in February, Statistics South Africa said on Thursday. read more
March Producer Pride Index seen at 7.9%

March Producer Pride Index seen at 7.9%

23/04/2012 - 14:29
SA's producer price index is expected to clock in at 7.9% year on year in March from 8.3% in February read more
CPI in target eases rates hike pressure

CPI in target eases rates hike pressure

20/04/2012 - 07:38
Johannesburg - South Africa's headline inflation slowed in March to within the central bank's target range for the first time in four months, suggesting inflation may undercut the bank's forecasts and ease pressure for action in the form of an interest rate rise. read more
Consumer inflation slows again

Consumer inflation slows again

18/04/2012 - 11:42
Johannesburg - South Africa’s consumer inflation slowed to 6.0% year-on-year in March, in line with market consensus from 6.1% in February, Statistics South Africa said on Wednesday.  read more
SA GDP growth prospects good - Treasury

SA GDP growth prospects good - Treasury

16/04/2012 - 10:41
Treasury Director General Lungisa Fuzile is optimistic on SA's real gross domestic product growth prospects for this year, but the Treasury will wait until October to revise its current 2.7% GDP growth forecast.  read more
SA factory gate prices see slower rise

SA factory gate prices see slower rise

30/03/2012 - 07:55
Johannesburg - South Africa’s producer inflation, which represents domestic output, slowed to 8.3% year-on-year (y/y) in February from 8.9% in January, Statistics South Africa said on Thursday. read more
SA's repo rate seen steady at 5.5%

SA's repo rate seen steady at 5.5%

26/03/2012 - 08:12
Johannesburg - The Reserve Bank will probably keep its repo rate at its current three decade lows next week to give the struggling economy more leeway, although higher electricity and fuel costs could force it to start tightening policy later in the year. read more
Less pressure for rates rise as CPI slows

Less pressure for rates rise as CPI slows

23/03/2012 - 07:33
Johannesburg - South Africa’s targeted consumer inflation slowed unexpectedly in February, data showed on Thursday, suggesting price pressures that have pushed it above the Reserve Bank’s target are ebbing and giving the bank leeway to keep interest rates on hold. read more
SA's state, household spending rises

SA's state, household spending rises

20/03/2012 - 15:18
Pretora - Spending growth in South Africa’s economy quickened in the fourth quarter of 2011, helped by increased spending by both households and the government, the central bank said on Monday. read more
Consumer inflation edges up to 6.3%

Consumer inflation edges up to 6.3%

23/02/2012 - 09:34
Johannesburg - South Africa’s targeted consumer price inflation (CPI) quickened to 6.3% year-on-year (y/y) in January, from 6.1% in December, Statistics South Africa said on Wednesday. read more
Producer price inflation in focus this week

Producer price inflation in focus this week

23/01/2012 - 07:48
Once again, there's no shortage of local economic data this week, but the spotlight is likely to fall on the producer price inflation data for December. read more
Retail sales in pre-festive season slump

Retail sales in pre-festive season slump

19/01/2012 - 12:45
Johannesburg - Growth in South Africa’s retail sales slowed to 6.8% year-on-year (y/y) at constant prices in November from a revised 7.5% in October, Statistics South Africa said on Wednesday.  read more
SA CPI annual average 5.0% in 2011 (4.3% 2010)

SA CPI annual average 5.0% in 2011 (4.3% 2010)

18/01/2012 - 11:02
The increase in South Africa's consumer price index (CPI), which is used by the SA Reserve Bank (SARB) for its inflation target, was 6.1% year on year (y/y) in December, from 6.1% y/y in November, Statistics SA (Stats SA) said on Wednesday.  read more
SA's repo rate seen steady at 5.5%

SA's repo rate seen steady at 5.5%

16/01/2012 - 07:50
Johannesburg - All 25 economist polled by Reuters expected the South African Reserve Bank’s Monetary Policy Committee to keep its repo rate unchanged at 5.5% next Thursday.  read more
SA trade account in deficit

SA trade account in deficit

01/12/2011 - 08:49
Johannesburg - South Africa’s trade account recorded a wider-than-expected trade shortfall of R9.6bn in October compared with a R2.5bn surplus in September, the South African Revenue Service said on Wednesday. read more
OECD says SA may have to cut rates

OECD says SA may have to cut rates

29/11/2011 - 07:45
Johannesburg - The South African Reserve Bank may need to ease interest rates further if demand growth continues to disappoint, the Organisation for Economic Cooperation and Development (OECD) said on Monday. read more
Business confidence slips slightly in Q4

Business confidence slips slightly in Q4

24/11/2011 - 09:37
South African business confidence slipped slightly in the fourth quarter of 2011 by easing one point to 38 index points, according to the RMB/BER Business Confidence Index (BCI) released on Wednesday.  read more