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LATEST Economy  

Busa: Basic Income Grant should not risk or crowd out spending priorities

UPDATE
28 Sep 2021 /  Suren Naidoo   19
Business body calls for more debate on proposed grant saying it is a 'forever' decision that can’t be taken lightly.

Tourism sector lost R164bn in spending by visitors in 2020

28 Sep 2021 /  Roy Cokayne   18
And the country lost close to a million jobs supported by the industry – BER.

When will we start to see local interest rates increase?

27 Sep 2021 /  Simon Brown   3
‘We can't find any evidence in the work we've done over many years to evidence a relationship between interest rates and investment spending’: Dr Adrian Saville – investment specialist, Genera Capital.

Treasury trumpets stability as key official exits

27 Sep 2021 /  Prinesha Naidoo, Bloomberg    11
Tshepiso Moahloli's departure follows that of Roy Havemann, Catherine MacLeod, Ian Stuart and Khetha Dlamini, all senior Treasury staff.

Repo rate stays at 3.5% as expected

UPDATE
23 Sep 2021 /  Suren Naidoo   9
And the prime lending rate of commercial banks remains at a five-decade low of 7%.

LIVE ARCHIVE: Sarb Governor on MPC interest rate decision

23 Sep 2021 /  Footage: Courtesy SARB  
Watch as Lesetja Kganyago delivers his statement.

South African positives to reflect on and look out for in late 2021

23 Sep 2021 /  Simon Brown  
Alexander Forbes executive chief economist Isaah Mhlanga considers recent constructive changes in the SA economy, US interest rates, local government elections and the medium-term budget policy statement.

Civil construction confidence improves marginally

22 Sep 2021 /  Roy Cokayne   2
But there is continued pessimism in the sector, justified by ‘underlying indicators relating to activity and profitability’ – economist.

Global inflation spike seen posing near-term risks to economy

21 Sep 2021 /  William Horobin, Bloomberg  
Central banks need to set out clear strategies for coping with inflation risks as the world economy experiences faster-than-expected cost increases amid an uneven recovery from the pandemic, the OECD said.

Rand firms in uncertain trade

21 Sep 2021 /  Promit Mukherjee, Reuters  
Amid hopes the fallout from Chinese property firm Evergrande's debt debacle might be contained.

Positive signs of earlier economic recovery post-Covid

21 Sep 2021 /  Amanda Visser   16
Challenges abound but SA can be more optimistic about the medium-term outlook than a year or six months ago: BER.

Retailer confidence increases to a seven-year-high

20 Sep 2021 /  Akhona Matshoba   3
Sentiment was aided by a positive performance by food and hardware retailers.

Yellen renews call to raise US debt limit to avoid ‘catastrophe’

20 Sep 2021 /  Tony Czuczka, Bloomberg    2
Or face government running out of money to pay its bills sometime in October.

South Africa was inching up the economic freedom index …

20 Sep 2021 /  Palesa Mofokeng   5
But looting and the Transnet cyberattack in July ‘will most certainly reverse these gains’ – Busa president.

SA consumers continue to feel the pinch; 62% declined credit

17 Sep 2021 /  Akhona Matshoba   2
The high unemployment rate coupled with loss of income means consumers are affording less than they used to.
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