Latest News & Developments
"SARB Governor Lesetja Kganyago has indicated the central bank is considering lowering its inflation target from the current midpoint of 4. 5% towards 3%, potentially aligning South Africa with other emerging markets. Economists suggest this move could eventually lead to lower interest rates and more sustainable economic growth, though short-term challenges may arise.
Economists forecast a significant decrease in petrol prices for South African motorists in April, driven by a stronger Rand and lower international oil prices.
Absa's economic team warns that the South African Reserve Bank's interest rate cutting cycle may be coming to an end following the decision to keep the repo rate unchanged at 7. 50%. Despite lower inflation forecasts, concerns about global trade tensions and domestic uncertainty are likely to prevent further cuts in the near term
Economists forecast a significant decrease in petrol prices for South African motorists in April, driven by a stronger Rand and lower international oil prices.
South Africa followed America's lead and kept the interest rates unchanged. A big blow for homeowners with bonds and home buyers, plus other debt holders.
The Monetary Policy Committee's decision to maintain interest rates at 7. 5% raises concerns for consumers and the economy, as experts call for action to ease financial pressure.
The US kept their rates steady. Will South Africa follow suit? Battered homeowners and property experts are hoping for and anticipating a cut today.
South Africa faces a crucial interest rate decision this Thursday, as inflation risks loom large and analysts predict cautious moves from the Reserve Bank amid shifting economic conditions.
South African financial experts have adjusted their inflation expectations downward for 2025, with the Bureau for Economic Research's latest survey showing a decrease from 4. 5% to 4. 3%. This shift comes amid varying outlooks from analysts, business executives, and trade unions, pointing to a cautiously optimistic economic forecast.
Experts share their insights on the anticipated interest rate decisions by the Monetary Policy Committee, considering economic pressures such as inflation and VAT increases.
Experts share their insights on the anticipated interest rate decisions by the Monetary Policy Committee, considering economic pressures such as inflation and VAT increases.
Woolworths Holdings has announced a 28% cut to its interim dividend, citing increased macro-economic risks and challenges in its clothing division, despite a strong performance in its Food business
Cashbuild's latest financial results reveal a cautious optimism for the building retail sector, despite facing significant challenges and modest sales growth
The Automotive Business Council (Naamsa) on Monday reported that aggregate domestic new vehicle sales in February 2025 totalled 47 978 units, reflecting an increase of 3 229 units, compared to the 44 749 vehicles sold in February 2024
EThekwini Municipality's Cleansing and Solid Waste Unit plans to increase domestic refuse removal tariffs by 9. 9% from July 2025. This decision has sparked criticism from local residents and ratepayer associations, who argue that service delivery issues must be addressed before any price hikes.
Elijah Oliveros-Rosen, S&P chief economist for emerging markets, said they were now expecting just one 25 basis points rate cut from the US Federal Reserve this year.
Nedbank's chief economist highlights South Africa's economic challenges while the bank launches new mid-corporate banking services targeting businesses with R1bn+ turnover.
The company aims to eventually divest its office and industrial portfolios to focus on retail. It has disposed of 17 assets comprising about 56 000 square metres of gross lettable area. These assets were viewed as either non-core to the portfolio, problematic in terms of filling vacant space, or at the end of their growth cycle.
The eThekwini Ratepayers Protest Movement is set to lodge objections against the proposed two-year extension of an infrastructure surcharge, citing a lack of transparency and accountability from the eThekwini Water and Sanitation Unit.
The automotive body said that if the SARB continued with a rate cutting cycle this year, the domestic new vehicle market could see a single-digit percentage improvement compared to 2024 levels, marking the beginning of a much-needed turnaround for the industry.
Leading property experts Adrian Goslett and Giovanni Gaggia provide exclusive insights into how Trump's presidency continues to influence South African real estate
As Federal Reserve chair Jerome Powell defies President Trump's demands for rate cuts, global markets face uncertainty. With gold prices reaching historic highs and South Africa's monetary policy shifting, investors navigate through complex economic waters.
SARB Governor Lesetja Kganyago on Thursday announced that the central bank will cut the repo rate by 25 basis points, meaning rates will drop by 0. 25%.
For every million rand that you owe on a home loan for example, your repayments have reduced by around R500 since September last year.
With the prime lending rate now at 11%, many in the sector expressed optimism about potential homebuyers and those maintaining existing mortgages.