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LATEST Economy  

Reserve Bank sends strong signal rate-cutting cycle is over

26 Mar 2021 /  Suren Naidoo   5
And touts possible increase as early as the second quarter of this year.

Sarb holds repo rate at 3.5%

UPDATE
25 Mar 2021 /  Suren Naidoo   8
Decision unanimous.

LIVE ARCHIVE: Sarb MPC’s interest rate decision

25 Mar 2021 /  Footage: Courtesy of Sarb  
Repo rate held. Read the Reserve Bank governor's full speech.

Banking profits plunged by R50bn in 2020

23 Mar 2021 /  Adriaan Kruger   8
Largely due to the sharp increase in provisions for bad debts.

Virus shrank global middle class for first time since 1990s

20 Mar 2021 /  Shawn Donnan, Bloomberg   6
Millions of households suffered income losses in 2020 amid the Covid-induced lockdown.

SA’s finance minister warns a third wave of Covid-19 could hurt country’s ratings

19 Mar 2021 /  Promit Mukherjee, Reuters   5
He said any third wave would have to be handled so that the country could still keep the economy going, or else it could hurt its fiscal framework.

Eight IPPs to plug over 1 800MW to power grid

18 Mar 2021 /  Thando Maeko    14
More bidders expected to be announced following evaluation process.

Covid risk is over, says Bank of America

18 Mar 2021 /  Ciaran Ryan   7
The bulls are back, and optimism is at record levels.

SA economy could take four years to recover from Covid-19

17 Mar 2021 /  Roy Cokayne   23
It only needed 15 months to get over the 2008 global financial crisis.

Building and construction sector activity levels continue to recover

17 Mar 2021 /  Roy Cokayne   3
But the recovery is expected to stall in the first quarter.

Operation Vulindlela’s unknowable future

16 Mar 2021 /  Thando Maeko   16
The unit, however, says it has made some progress in encouraging structural reforms.

Non-residential building sector performs ‘dismally’ in Q1

16 Mar 2021 /  Roy Cokayne   3
While confidence in the sector declined only marginally – FNB/BER index.

AA warns of over R1-a-litre petrol price hike in April

16 Mar 2021 /  Suren Naidoo   9
In the wake of spiking global oil prices, a weakening rand and fuel levy increases.

SA must halt its economic apathy

15 Mar 2021 /  Busi Mavuso   24
From 2004 to 2007 a GDP that grew over 5% became the new normal. Now we accept that it has 'only' fallen by 7%.

Emerging markets brace for rate hikes with debt at records

15 Mar 2021 /  Bloomberg News   
US government 10-year yield climbs to highest in more than a year.
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