10/06/2023
“These interest rate hikes have significantly impacted the cost of repaying loans, and this has been felt by the average South African consumer,” Kruger added.
10/05/2023
The current weakness is far less bombastic and does not entail high political drama, however.
10/04/2023
The upside and downside scenarios include faster and slower progress, respectively, in improving energy and logistics security.
10/03/2023
The value of imports also increased relative to July and was up by R10 billion (6.3% m-o-m).
09/29/2023
The move is meant to ease the weight of debt payment on the Exchequer as some of the entities
09/28/2023
Nominal salaries improved in July and August following a stabilisation in Q2, despite the overarching negative narrative surrounding the economy.
09/21/2023
According to Stats SA, inflation edged up slightly higher in August, posting a figure of 4.8% (from 4.7% YoY in July).
09/21/2023
Although food and non-alcoholic beverages (NAB) inflation continued to drop, it was not enough to counteract the rise in fuel prices and increases in municipal tariffs.
09/20/2023
Nigeria’s total external debt stood at N33.25tn ($43.16bn) in Q2 2023, while total domestic debt was N54.13tn ($70.26bn).
09/20/2023
Eskom CFO Calib Cassim took over as interim CEO, but he will likely steer the ship for longer than expected.
09/20/2023
Google search records showed that Kenyans are interested in learning about AI and whether their jobs are at risk.
09/19/2023
In addition, there are very few reasonably sized businesses in Imo State, and sometimes the skills available do not match the needs of the market.
09/18/2023
As government finances worsen and households struggle, the immediate future looks bleak
09/18/2023
Speaking with Business Times, seasoned economist Dawie Roodt said there are two mechanisms that the SARB uses that impact inflation in South Africa.
09/15/2023
Any disruption to the process can thus affect the livelihoods of millions.
09/15/2023
The country has effectively run out of money and faces a debt trap, and will have to either boost revenue and find funding, or make severe cuts to spending.
09/14/2023
Data released by the central bank in June showed the Treasury missed its target of achieving a primary budget surplus in the 2022-23 fiscal year
09/13/2023
The researchers also noted a concerning trend from the deposit statistics published by the South African Reserve Bank is the deteriorating state of small unincorporated businesses
09/11/2023
Many of these hidden costs often lurk in businesses and personal finance and may be challenging to identify, but they can add up and become a significant financial burden.
09/11/2023
During the period, the group tightened its credit granting criteria to address the risks to the loan book amidst the difficult economic environment.