Most analysts who submitted forecasts for this week’s MPC meeting expect it to keep the repo rate on hold at 8.25%
The focus this week will be on the Reserve Bank’s monetary policy committee which sits on Tuesday and will deliver its interest rate decision on Thursday.
On Wednesday, Stats SA will publish consumer inflation figures for June and retail sales for May, information that will also influence the outcome of the Bank’s decision...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US economy fuels debate on interest ratesFrom an inflation perspective, there is a clear consensus that inflation in South Africa has peaked and it’s on its way back into the target band.
Read more »
Eswatini's Economic Conditions WorsenAs the government concludes a five-year term marked by the Covid-19 pandemic and civil unrest in June 2021 (Amnesty international, 2023), economic warning signs are flashing red, reports Sipho Kunene for Afrobarometer. With national parliamentary elections (which will usher in the next government) set for 29 September, the latest Afrobarometer survey in Eswatini suggests that the new government will need to act urgently to improve the quality of life of Emaswati. Most economic indicators have taken a nosedive since 2018. Large majorities of citizens say the country is headed in the wrong direction and describe both the national economy and their personal living conditions as bad. Increasing numbers went without basic life necessities during the previous year, and few citizens are optimistic that things will get better anytime soon. Overwhelming majorities give the government poor marks for its performance on economic issues. On the bright side, a majority of citizens who accessed key public services last year say they encountered few difficulties, although a substantial number say they had to pay bribes.
Read more »
Zambia's economic growth to slow in 2023 but debt restructure on track, budget plan showsThe Zambian economy is expected to grow by just 2.7% in 2023 from 4.7% in 2022, as contractions in mining and energy drag on growth, a budget plan released by the ministry of finance showed on Sunday.
Read more »
5th Mid-Year Coordination Meeting of African Union Bureau of the Assembly, Chairpersons of all Regional Economic Communities, Chief Executives of Regional Mechanisms, and African Union member states | African Union
Read more »
OPINION | The Land Bank can be fixed: change the funding model and narrow the focus | BusinessOPINION | It is disheartening to see how the Land Bank's role has weakened in SA amid poor governance and bad decisions, writes Johann Kirsten and Wandile Sihlobo, but it's still possible it can be the key financier of land reform. News24_Business
Read more »