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Kganyago warns that inflation expectations are drifting from target
The Reserve Bank governor says price-setters across the economy now expect higher inflation, strengthening the case for another rate increase later this year.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
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Business pushes back as Reserve Bank's rate hike comes under fire
Sacci says the Reserve Bank's surprise May rate hike to 7% can 'barely be justified' given a limping economy — but economists insist the bank was right to move.
New 'two-strike' pay rules put company boards on notice
Long-awaited remuneration provisions of the Companies Amendment Act are now in force, handing shareholders a binding vote on executive pay.
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South Africa's banks turn their firepower on the mid-market
With big-corporate and retail margins under pressure, Nedbank, Investec, FNB and Standard Bank are chasing medium-sized firms in a market worth an estimated R150 billion.
A cooler US inflation print throws SA bonds a lifeline
Softer-than-expected American core inflation has eased pressure on the rand and government bonds — but local oil and currency risks keep the relief firmly in check.
Reserve Bank rolls out new R2 and R5 coins for Youth Day
The SARB has gazetted commemorative R2 and R5 coins celebrating 1976, Charlotte Maxeke and 30 years of the Constitution, with legal-tender status from 16 June.
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ExxonMobil bets on Richards Bay in South Africa's first LNG import deal
The oil major has signed a preliminary deal to feed the proposed Zululand Energy Terminal, a cornerstone of the country's slow pivot away from coal.
Nearly half of South Africa's treated water never reaches a paying customer
Water Minister Pemmy Majodina has put a R26 billion price tag on the leaks, theft and broken billing draining municipal coffers every year.
BRICS bank tips $1 billion into South Africa's crumbling city infrastructure
The New Development Bank's loan will back water, electricity and sanitation upgrades across all eight metros, topping up a R54 billion Treasury programme.
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Mr Price seals R9.6bn European gamble with NKD takeover
The JSE retailer has taken full control of German value chain NKD, a bet that has split the market and added R7bn of debt to its balance sheet.
Motorists in line for a R1.10 petrol cut in July
Falling oil prices and a steady rand point to relief at the pumps next month, even as the Treasury restores the full fuel levy.
Eskom launches a renewables arm as its break-up gathers pace
The state utility's new Eskom Green division will chase utility-scale renewable projects and is slated to become an independent subsidiary.