CPI falls to 4% in January from 4.5%
Statistics South Africa says headline consumer inflation fell to 4% year on year in January from 4.5% in the previous month.
Q4 unemployment rate drops slightly to 27.1%
The data, released by Stats SA on Tuesday, showed that the unemployment figured decreased from 27.5% in the third quarter of 2018 to 27.1% in the fourth quarter.
Unemployment rate expected to decrease for Q4 of 2018
In the third quarter, the unemployment rate increased to 27.5% with 6.2 million people without work.
SA’s Corruption Perception Index remains unchanged
South Africa maintained its score of 43 out of 100 in the Corruption Perceptions Index for 2018, while Somalia has remained at the bottom with a score of 10 points.
Consumer inflation increases to 5.2% in November
Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, was at 4.4% in November up from 4.2% in October.
[ALERT] SA October headline CPI at 5.1% y/y vs 4.9% in September
Stats SA has announced inflation numbers for October.
Stats SA to reveal September retail sales figures
Nedbank economist Johannes Khoza says retail sales growth will show a dip in September but should still make a positive contribution to third quarter GDP.
Moody’s unlikely to downgrade SA’s credit rating, say analysts
Moody’s is the last of the three major agencies after Fitch and Standard & Poor’s to keep the country above junk status.
CPI increases to 4.6% in June
StatsSA says that consumer inflation has increased to 4.6% in June from 4.4% in May due to a hike in housing, utilities and transport costs.
Business France attributes increased foreign investment to Macron
Business France’s Erick Fajole says the world’s perception of the country has improved since President Emmanuel Macron’s reforms.
Rand strengthens slightly, continues to trade at 5-month low
Rand Merchant Bank’s Jan Sluis-Cremer says expectation of higher interest rates in the US fuelled the dollar strength.
Rand steady ahead of ANC NEC briefing
It’s currently trading at R11.94 to the US dollar, R16.54 to the euro and R14.71 against the pound.
Reserve Bank likely to leave rates on hold for now - economists
Members of the Reserve Bank’s Monetary Policy Committee would have over the past two days weighed up a number of factors when deciding on the next interest rate decision.
Steinhoff shares down by over 19%
On Tuesday the retail giant disappointed investors and lenders by disclosing that it was unable to give details on the extent of the alleged fraud at the company.
Economists expect Reserve Bank to leave rates unchanged
Earlier on Wednesday, Stats SA announced that CPI slowed to 4.8% in October in line with expectations.
Rand losing ground against major currencies after downgrade
A rating downgrade does not bode well for the country’s ability to borrow money and is expected to have negative effects on South Africans in the long term.
Rand recovers slightly a day after Gordhan ordered back to SA
Earlier this morning the local currency lost as much as 2.5% to the dollar as it rose through the R13 barrier.
CPI slows to 6.3% in February from 6.6% in January
On a month-on-month basis, inflation rose to 1.1% from 0.6% previously.