Bleak 2016 for markets in wake of Nhlanhla Nene’s removal
President Zuma surprised markets on Wednesday evening by recalling South Africa’s well-respected Finance Minister, Nhlanhla Nene, and appointing David van Rooyen, an ANC veteran, as the head of National Treasury.
The November CPI inflation rate edged slightly higher, from 4.7% year-on-year in the previous month to 4.8%
The November CPI (Consumer Price Index) inflation rate edged slightly higher, from 4.7% year-on-year in the previous month to 4.8%.
Finance Minister revises SA’s economic growth down to 1.5%
National Treasury has revised downwards South Africa’s economic growth to 1.5%.
Reserve Bank keeps Repo rate to remain unchanged
The repo rate will remain unchanged at 6% per annum, Reserve Bank Governor Lesetja Kganyago said on Wednesday.
CPI inflation rises to 5% in July 2015
The Consumer Price Index (CPI) rose to 5% in July 2015, Statistics South Africa (Stats SA) said on Wednesday.
MPC hikes Interest rates by 25 basis point to 6%
The South African Reserve Bank’s Monetary Policy Committee (MPC) raised the key monetary policy interest rate – the repurchase, or repo rate – by 25 basis points from 5,75% to 6% per annum.
Interest rate hike in July 2015 follows the pattern of 2014
First National Bank (FNB) will increase its prime lending rate by 0.25% from 9.25% to 9.50% following the decision earlier today by the SARB Monetary Policy Committee (MPC) to increase the repo rate.
Reserve Bank keeps repo rate unchanged at 5.75%
The Reserve Bank has kept the repo rate unchanged at 5.75% per annum.
ooba signal a favourable outlook for the South African property market in 2015
Year-on-year property statistics released by ooba, South Africa's largest bond originator, signal a favourable outlook for the South African property market in 2015.
CPI annual inflation rate eases to 4.4% in January 2015
The Consumer Price Index (CPI) has eased to 4.4% in January 2015 from 5.3% in December 2014.
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