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News
Will interest rates rise or fall next? SARB says both are still on the table
1+ hour, 38+ min ago (664+ words) South African Reserve Bank Governor, Lesetja Kganyago. Even though the South African Reserve Bank (SARB) kept the prime lending rate unchanged at 10.5% on Thursday, the Monetary Policy Committee (MPC) indicated that the direction of interest rates from here remains finely…...
Property owners brace for potential rate shock as SARB announces interest rate decision
1+ day, 17+ hour ago (598+ words) South Africa's property market is under growing pressure as homeowners, buyers, tenants and developers await the South African Reserve Bank's latest interest rate decision. Industry experts say higher borrowing costs, rising inflation and increasing living expenses have already weakened affordability,…...
Inflation climbs to 5%, putting pressure on South African consumers
2+ day, 12+ hour ago (587+ words) South African consumers are feeling a sharper squeeze on household budgets after inflation rose to 5% in June, driven mainly by soaring transport costs, higher fuel prices and rising housing expenses. Statistics South Africa said annual consumer inflation accelerated from 4.5% in…...
South Africa’s property market shifts as buyers reject overpriced homes amid debt pressure
3+ week, 4+ hour ago (789+ words) South Africa's property market is active but today's buyers are more informed than ever. “They're comparing listings. They're calculating repayments and they know what similar homes are selling for,” says Leapfrog Property Group. The property company says that means overpricing…...
South African Reserve Bank raises repo rate: What it means for consumers
1+ mon, 3+ week ago (184+ words) Homeloan interest rates will increase by.25% on Friday. For ordinary South African households, the immediate reality of this decision translates into a compounding affordability crisis. Chief Executive of TransUnion Africa, Lee Naik, notes that the rate hike lands on a…...
Interest rate hike looms as inflation hits 19-month high
1+ mon, 3+ week ago (384+ words) South Africans are preparing for higher borrowing costs as economists expect the South African Reserve Bank (SARB) to raise interest rates this week. This comes after inflation jumped to 4%, the highest it has been in 19 months. The SARB’s Monetary Policy…...
SARB's cautious approach: What it means for interest rates in May
2+ mon, 1+ week ago (523+ words) The South African Reserve Bank(SARB) is likely to hold interest rates steady as they assess the longevity of the current inflation pressures and geopolitical tensions. The South African Reserve Bank (SARB) is expected to take a cautious approach in…...
Meet the new chief economist of the SA Reserve Bank: Dr Konstantin Makrelov
2+ mon, 1+ week ago (275+ words) In his new role, Dr Makrelov will also serve as a member of the SARB’s Monetary Policy Committee and Financial Stability Committee. The SA Reserve Bank has appointed Dr Konstantin Makrelov as its new Chief Economist and Head of Economic…...
Foreign trade lifts prospects for growth
2+ mon, 3+ week ago (634+ words) A cargo ship enters the container terminal on March 10 at Jingtang Port in Tangshan, Hebei province Image: LIU MANCANG / FOR CHINA DAILY Buoyant foreign trade will help underpin China’s economic growth target for 2026, highlighting the resilience and long-term potential of…...
Cape Town's new manufacturing policy aims to boost jobs across 33 industrial hubs
3+ mon, 2+ week ago (420+ words) Cape Town expands manufacturing support to 33 industrial hubs, aiming to boost investment and jobs across the metro. The City Cape Town is ramping up efforts to drive jobs and investment, with the City Council approving a new Manufacturing Support Policy…...