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South Africa, Inflation
South African rand rallies against weaker dollar, US Fed rates in focus
South Africa's rand firmed on Friday against a weaker dollar after U.S. President Donald Trump demanded lower interest rates from the Federal Reserve, driving down Treasury yields. At 0848 GMT, the rand traded at 18.
South Africa: January Rate Cut Likely As South Africa Inflation Slows
South Africa's inflation rose to 3% in December 2024 from 2.9% in November, falling short of the 3.2% expected by economists, according to Statistics South Africa. The slower-than-anticipated increase strengthens expectations of a 25 basis-point interest rate cut at the South African Reserve Bank's monetary policy meeting on January 30.
Another rate cut likely on muted South African inflation
Inflation came in lower than expected for December, with another interest rate cut next week now seen as likely.
South African rand rallies against weaker dollar, rate decisions in focus
South Africa's rand strengthened against a weaker dollar on Friday after U.S. President Donald Trump demanded lower interest rates from the Federal Reserve, with eyes also on the South African Reserve Bank's (SARB) rate decision next week.
Bizcommunity.com on MSN
1d
South Africa: Reserve Bank likely to cut rates by 25 bps say economists
The South African Reserve Bank will trim its repo rate next week by a quarter of a percentage point to 7.50% and repeat that ...
3d
on MSN
SARB approves digital banking platform for South African SMEs
The South African Reserve Bank has approved a groundbreaking partnership between Access Bank South Africa and Sava, ...
businesstech.co.za
1d
Reserve Bank governor Lesetja Kganyago elected as Chancellor of Stellenbosch University
Reserve Bank Governor Lesetja Kganyago has been elected as the titular head of Stellenbosch University for the next five ...
3d
South Africa inflation ticks up but rate cut still seen next week
South Africa's headline consumer inflation rose to 3.0% year on year in December from 2.9% in November , data from the ...
9d
Rand Drop Won’t Derail South African Inflation Plans, Policymaker Says
A policymaker at South Africa’s central bank downplayed the potential impact of the rand’s recent weakness on inflation, in ...
businesstech.co.za
1d
Good news for homeowners in South Africa next week
Economists are expecting the South African Reserve Bank to cut interest rates again next week – but the outlook beyond that ...
3d
South Africa's November retail sales jump as consumer outlook improves
South African retail sales jumped in November as consumers benefited from last year's interest rate cuts, declining inflation ...
The South African on MSN
1d
Standard Bank fined R13 million for several ‘financial offences’
The bank was accused of not reporting over 17 000 suspicious transactions to the revelant authorities, amongst other things.
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