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MPC keeps repo rate unchanged at 8.25%
The monetary policy committee has kept the repo rate unchanged for a third straight meeting, meaning that the interest rates that consumers will pay on their credit will remain unchanged for now.
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Kganyago: To know where interest rates are going, keep an eye on inflation
Consumers have been given some reprieve by the South African Reserve Bank (SARB) following a unanimous decision by the monetary policy committee (MPC) to keep the repo rate unchanged.
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Truck drivers raise concerns about Richards Bay port congestion
Thousands of trucks move in and out of the Richardson Bay port on the KwaZulu-Natal north coast to deliver and collect goods.
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Repo rate remains unchanged at 8.25%
The decision was unanimous - with all five members of the monetary policy committee in favour of holding policy rates for longer.
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Black Friday: Pay Just Now expects big ticket items to fly off the shelves
Pay Just Now CEO Craig Newborn said cash-strapped consumers are on the hunt for big bargains, with popularity in categories around furniture, sporting gear, kids, as well as appliances.
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Eskom recorded R23bn loss in 22/23, Nyati says it was only way to keep lights on
The Eskom board chair said without spending this kind of money - which was largely spent on open-cycle gas turbines, the cost to the economy would be even higher.
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'Potatoes hold highest annual and monthly inflation rate' - Stats SA
With the price of eggs in the spotlight, the high price of potatoes has almost gone unnoticed, however, the average price of the vegetable increased by almost R10 per kilogram in October.
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Economists split over inflation hike impact on SARB's repo rate decision
The inflation rate increase to 5.9% came in higher than expected, pushing to the edge of the central bank’s target band of 3% and 6%.
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Nedbank appoints Jason Quinn as next CEO
The Nedbank group hired Quinn from rival bank Absa as the lender's next CEO, replacing Mike Brown.
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Ahead of interest rate announcement, CPI nears upper end of SARB's target band
The reserve bank will announce the rates decision on Thursday at 3 pm.
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Fuel price hikes almost doubled transport inflation in October - Stats SA
CPI, which measures the monthly changes in prices for a range of consumer products, increased for a third consecutive month.
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uMhlathuze municipality in meeting with Gordhan over Richards Bay port delays
Transnet said the delays are due to various factors, including adverse weather conditions and equipment availability.
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Consumer price inflation ticked up to 5.9% in October - Stats SA
Stats SA says higher food prices are among factors that pushed up inflation - with milk, eggs and cheese costing consumers even more in October.
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Repo rate: Economists warn consumers to tighten belts as SARB deliberates
The South African Reserve Bank's Monetary Policy Committee is on Tuesday expected to meet and make a final decision on the country's repo rate, which economists expect to remain unchanged.
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Economists expect SARB to keep repo rate unchanged this week
The central bank’s monetary policy committee (MPC) is meeting from Tuesday for a final time this year.
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Consumers urged to buy online on Black Friday to avoid unnecessary spending
The 2023 Deloitte Black Friday-cyber Monday survey found that e-commerce continues to hold onto gains seen during the pandemic when online shopping shot up.
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Durban port backlog may be cleared by 2024, says Transnet
The state-owned rail, port and pipeline company says it has measures in place to ensure that it meets this deadline.
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Black Friday: Consumers to embrace holiday spirit with big spending - Survey
A survey detailing Black Friday-Cyber Monday trends revealed on Monday that global consumers were willing to spend an average of R11,000 during the upcoming weekend, despite the tough economic climate.
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Truck congestion at Richards Bay port caused by failed rail system - RFA
The Road Freight Association said the port was not built to take the volume of trucks that were in the area.
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Rand manipulation part of private sector's efforts to destabilise govt - Cabinet
Last week, the Competition Commission fined British multinational bank, Standard Chartered, R42 million after it admitted to engaging in currency manipulation.
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Public Interest SA bays for the blood of British bank Standard Chartered
The Competition Commission has since announced that the bank admitted to manipulating the Rand-US Dollar exchange rate and agreed to pay an administrative penalty of R42.7 million. But the organisation maintains that the commission's stance against the bank is lenient.
