Home | Economy

Economy

Reserve Bank slashes repo rate to 6.5%, bank loans may get cheaper

In a move that may lead to lower property finance, auto and other loans, the South African central bank reduced the lending rate by 25 basis points to 6.5 % per annum as of 19 July 2019. ... Full story

Rand strengthens on Fed's chair remarks, Kganyago reappointment

The Rand firmed on Wednesday as the dollar weakened after U.S. Federal Reserve Chairman Jerome Powell highlighted risks to the U.S. economy in remarks that could bolster expectations of an interest rate cut later this month.

SA economy slows as growth dips to 3.2%

South Africa's real Gross Domestic Product (GDP) declined by 3.2% in the first quarter of 2019, Stats SA announced on Tuesday, showing a larger contraction than expected.

New Cabinet — The Last Gleam of Hope

President Cyril Ramaphosa on Wednesday announced the new Cabinet, a move that has been much anticipated by the South African property sector seeking growth in the country.

SA interest rates remain untouched at 6.75%

Reserve Bank Governor, Lesetja Kganyago, on Thursday left interest rates unchanged at 6.75 percent, saying inflation was expected to average 4.5 percent in 2019, down from 4.8 percent.

IMF lowers South Africa's economic growth forecasts

Citing policy and political uncertainty, the International Monetary Fund (IMF) on Tuesday lowered its forecast for South Africa's economic growth in 2019, from 1.5 percent to 1.3 percent.

S.Africa’s repo rate stays 6.75 percent

The repo rate will remain unchanged at 6.75 percent, Reserve Bank governor Lesetja Kganyago announced on Thursday afternoon.

Real Estate and Finance the star of South Africa's GDP

Gross domestic product figures continue to tell a good news story about South Africa's Real Estate industry.

Budget 2019: South Africa sets aside R5.8 trillion for spending

Finance Minister Tito Mboweni on Wednesday delivered the 2019 Budget Speech in Parliament Cape Town, outlining a plan to spend R5.8-trillion in the next three years

Full text of South Africa's Budget Speech 2019

Read full text of Finance Minister Tito Mboweni's national budget speech 2019-20, presented in the National Assembly, Cape Town on Wednesday.

Statistics on who invests in South Africa

South Africa retains great lustre and appeal as a foreign direct investment (FDI) location — but who are the biggest foreign investors and how can government get some of the action?

South Africa raises over R98 billion in FDI

As economic growth slows and global trade tensions continue, Foreign Direct Investment (FDI) into South Africa grew by over 400% to R98.6 billion ($7.1 billion) last year.

Interest Rates Unchanged

Some good news to start the year off as the Monetary Policy Committee (MPC) announced today that interest rates will remain unchanged. The prime lending rate therefore remains at 10.25% and the repo rate at 6.75%.

SA's recession over ahead 2019 polls

GDP growth in South Africa recovered to 2.2 percent in the three months through September compared with a revised 0.4% contraction in the prior quarter, Stats SA announced on Tuesday morning at a briefing in Pretoria.

SA’s economic to brace for slower growth pace

The National Treasury has cut its estimate for South African GDP expansion to 0.7% in 2018 down from 1.3% last year. It sees growth remaining subdued as high unemployment constrains domestic demand.

1 2 3 4 5 next total: 62 | displaying: 1 - 15