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Sharp inflation spike expected for May
Stats SA’s consumer inflation report on Wednesday is certain to show another significant jump in May after the rate quickened to 4% in April from 3.1%, with the main price pressure coming from fuel.
GOVERNANCEWhen civic mutiny is the way to survive
Driving through the Riemland region of the Free State one passes through towns defined by cracked asphalt, uncollected refuse and dark streetlights. The Mafube Local Municipality has spent years in institutional failure and disrepair, culminating in a provincial administration takeover and a staggering R200m scandal involving stolen municipal worker pension contributions.
Shoprite blows past annual target Retailer surpasses its full-year store-opening target with a month still to go
Shoprite, South Africa’s largest corporate employer has surpassed the number of stores it planned to open in this financial year with a month still to go, underscoring the pace of its expansion in the fiercely contested grocery sector.
US monetary policy shocks hit SA hardBank study examines broader implications of Fed rates
Policy tightening in the US prompted by inflation shocks and reaction shocks has a material, adverse impact on South African financial developments, says a working paper published by the Reserve Bank.
Just being in final huge for the Bulls
GAVIN RICH
BACKLASH AGAINST PROTESTS Braced for anti-immigrant fallout across continent SA firms get consular support because brand South Africa is hurting, says minister Braced for anti-immigrant fallout in Africa
The government says consular services are being expanded for South African companies that operate on the rest of the continent and are facing fallout from tension over anti-immigrant protests that have swept across the country.
Musk’s wealth equals 72% of all SA tax collected since 1997Trillionaire’s fortune — on paper — is three times bigger than the economy of his country of birth
Larry Fink, CEO of BlackRock, the world’s largest asset manager, has championed capital markets as society’s most powerful tool for generating economic growth and creating jobs.
GDP data suggests resilience is tapering off
Two recent business confidence surveys are testimony to the famous resilience South Africans are known for, which has held up even as companies and consumers are buffeted by steep fuel prices driving the cost of everything else up.
Fuel price spike fires up sales of electric vehicles in SA
A sharp spike in fuel prices has driven up electric vehicle (EV) sales this year, including a five-fold leap in plug-in hybrid electric vehicles, signalling a small but notable shift away from internal combustion engine (ICE) cars.
Dancing in the storm, but when will the music stop?
After a strong bout of returns, markets have been in a state of flux, with tension between what is happening on the geopolitical front, global markets and fixed income. What started as a good year in the interest rate cycle, with further rate cuts on the horizon, is shaping up to be a year of elevated inflation as a result of the US-Iran war and the rising cost of capital.