Diesel price drop will bring relief
While the increase in the price of diesel between 62 cents and 63 cents a litre from Wednesday is going to bring some relief to battered consumers who depend on road transportation to convey most of the commodities they consume including food‚ the dismal state of the economy is going offset this drop. Roets said […]
Rough road for cash-strapped consumers
He announcement by the Reserve Bank that it was increasing the repo interest rate by 0.5% coming on top of proposed 8% increases in electricity rates is going to have a devastating impact on consumers. There is also a strong likelihood the price of SA’s staple food – maize meal – may increase by as […]
Indebted to pay more
Reserve Bank expects inflation to average 6.8% in 2016 and 7% in 2017. Hanna Ziady and Alex Mitchley The South African Reserve Bank’s decision to hike the benchmark repurchase (repo) rate by 50 basis points – off the back of a worsening inflation outlook – means that as of today it stands at 6.75%, or […]
Sarb hikes repo rate
Food prices remain significant risk to inflation outlook. South African Reserve Bank Governor Lesetja Kganyago on Thursday announced a 50 basis point hike in the repo rate – lifting it to 6.75% – off the back of mounting concerns over runaway inflation. “The rand has depreciated considerably in response to domestic and external developments, while […]