Motorists set for July fuel relief — even as the levy returns
Sharply lower oil prices look set to outweigh the return of the full fuel levy, pointing to cuts at the pumps in July.
Economy
Growth, inflation, jobs, the Reserve Bank and the forces shaping South Africa’s economy.
Businesses brace for 30 June shutdown as police redirect R600m to security
With nationwide demonstrations planned for Tuesday, retailers and logistics firms are bracing for disruption as police mobilise alongside private security to avoid a repeat of 2021's unrest.
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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.
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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.
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.
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.
Business lobby questions the Reserve Bank's rate hike
Sacci says the Reserve Bank's 25-basis-point hike to 7% is hard to justify in a stagnant economy, though economists back the pre-emptive move.
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SA's two-speed economy: mining surges as factories slip
Mining output jumped 8.2% in April while manufacturing fell 2.9%, laying bare an uneven South African recovery.
Gold rush: SA posts its biggest current account surplus in over four years
Surging gold exports pushed South Africa's current account surplus to 2.4% of GDP in the first quarter — the largest in more than four years.
Petrol price relief of over R1 per litre on the cards for July
Strong fuel over-recoveries, softer oil after the Iran-Israel ceasefire and a resilient rand point to petrol falling around R1.10 a litre in July — even with the full fuel levy back.
SA economy springs a surprise as GDP beats the forecasts
South Africa's economy grew a stronger-than-expected 0.5% in the first quarter, lifting the rand — though the figures predate the oil shock now rippling through the economy.
Fitch Hands South Africa Its First Credit Upgrade in 21 Years
Fitch has lifted South Africa's sovereign rating to BB, the first upgrade in nearly 21 years, rewarding years of hard-won fiscal discipline.