SA Reserve Bank expected to keep interest rates unchanged

The Reserve Bank’s Monetary Policy Committee (MPC) is expected to keep the repo rate unchanged at 3.5%. The decision will be made public on Thursday afternoon at the conclusion of the committee’s three-day meeting. The committee has previously said it expected inflation to remain contained at 4.2% this year. In[…]

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May’s Consumer Price Inflation accelerates to 5.2%

Figures released by Statistics South Africa show that the Consumer Price Inflation rate has accelerated to 5.2% in May from 4.4% in April. The statistics agency notes that this is the highest reading since November 2018. Stats SA further notes that the change in the rate comes off a low[…]

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Why Budget 2019 will create more pain for taxpayers

South African taxpayers will once again find themselves squeezed by the fiscus for a number of reasons, Bernard Sacks, tax partner at Mazars said in reaction to Budget 2019. He explained that the most notable of these is the announcement that no changes will be made to the personal income[…]

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The slow puncture of property prices has begun

The slow puncture of property prices decreasing to levels that better reflect a poorer economy has started, FNB property economist John Loos revealed in Cape Town on Thursday. ”We’ve had all the structural changes, adjustments in rates and jumps in the energy market,” he told media at the FNB Portside[…]

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What’s up with the price of bread?

Cape Town – Nomsa Vumazonke buys two loaves of bread every day. She lives in Philippi with her three children and four grandchildren, and after making sandwiches for them says there is nothing left for her to eat. “Bread is too expensive. It’s very hard. I have to buy bread[…]

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