Economy
Mid-Term Budget Impact on SA Property Investment
The South African 2013 Medium-Term Budget Policy Statement (MTBPS) announcement demonstrates that government is serious about cutting back on excessive internal expenditure. ... Full story
Finance Minister Gordhan to present S.Africa's mini budget
Dubbed the mini budget, Finance Minister Pravin Gordhan’s speech – like his previous mini budgets – is expected to grab the attention of the financial markets with fine tunings that will bring about certainty to the government’s economic and fiscal policies. ... Full story
The Rand’s ongoing roller-coaster ride
The South African rand has always been one of the most volatile currencies around, but many investors probably feel the last few months have been particularly bad. ... Full story
Reserve Bank warns of Lingering Volatility
The South African Reserve Bank kept its benchmark interest rate unchanged at 5%, warning that the local currency will remain volatile while investors guess at the Federal Reserve's plans for withdrawing economic stimulus. ... Full story
Consumer Price Index (CPI) breaches target range
The Consumer Price Index (CPI) came in at 6.3% year-on-year in July, Statistics South Africa (Stats SA) said on Wednesday. ... Full story
South Africa’s CPI rises to 5.5% in June
The Consumer Price Index (CPI) rose to 5.5% in June, Statistics South Africa (Stats SA) announced on Wednesday. ... Full story
S.Africa’s Inflation may exceed 6% if Rand depreciation persist
South African Reserve Bank Governor, Gill Marcus estimates that the country’s inflation rate could exceed 6 percent if the rand depreciation continues, though the move would be relatively constrained. ... Full story
SA’s Producer Price Inflation slows to 5.4% in April
The cost of goods leaving South African factories rose at a slower pace in April, giving the Reserve Bank more room to keep interest rates at a 30-year low to support a stalling economy. ... Full story
Rand weakening exaggerated says Reserve Bank Deputy Governor
The most recent exchange rate movements, including today’s, are somewhat exaggerated,” Reserve Bank Deputy Governor Daniel Mminele said on Thursday. ... Full story
S.African economic growth slows suddenly
The South African economy suddenly slowed down in the first quarter to show growth of 0.9 percent, a five-year low, official data showed on Tuesday. ... Full story
April CPI unchanged at 5.9%, said Stats SA
The Consumer Price Index (CPI) in April remained unchanged at 5.9% year-on-year, Statistics South Africa (Stats SA) reported on Wednesday. ... Full story
Sacci reports Trade conditions moderately positive in March
Trade conditions were moderately positive as they moved deeper into positive territory in March, said the South African Chamber of Commerce and Industry (Sacci). ... Full story
South African Reserve Banks worried about inflation
The Reserve Bank has painted a dim outlook for the economy, warning that there is a high probability of global growth and financial shocks that may affect South Africa. ... Full story
Low interest rates benefits SA Property Market
In light of the current domestic and global outlook, South Africa’s Reserve Bank left its benchmark repo rate unchanged at 5% after the announcement was made at the second Monetary Policy Committee meeting of 2013. ... Full story
Gordan defends South Africa's economy Stability
Presenting a R1.06 trillion 2013 National Budget on Wednesday., Pravin Gordhan said despite the still troubled world economic outlook, SA continues to experience growth and has weathered the storm with a stable fiscus. ... Full story
Calgro M3 profits increase
JSE property developer Calgro M3 Holdings has reported that its diluted headline earnings per share lifted to 51.44 cents for the year ended 29 February 2012 from 13.48 cents before. ... Full story