Property sector welcomes unchanged repo rate
The decision to keep the repo rate unchanged at 3.5% by The Reserve Bank, has been welcomed by the South African Property sector.
View ArticleReserve Bank increases Interest rates, Rand slides
The Reserve Bank has raised the interest rates by 25 basis points to 3.75% after it concluded its monetary policy committee which took place on Thursday afternoon.
View ArticleKey Highlights of SA’s 2022 Budget — by Minister Enoch Godongwana
Finance Minister Enoch Godongwana on Wednesday delivered his maiden 2022 budget speech in a joint sitting of Parliament, forecasting all-time-high tax revenues, a portion of which has been allocated to...
View ArticleSA economy to grow 2.1% in 2022
The country’s real Gross Domestic Product (GDP) is expected to grow by an average of 2.1 % in 2022, finance minister Enoch Godongwana said on Wednesday.
View ArticleRand gains but Inflation soars as Reserve Bank increases Interest rates
South Africa's Reserve Bank monetary policy committee (MPC) has raised the interest rates by 25 basis points to 4.25%.
View ArticleRand to the rescue
The rand held its ground against the dollar in afternoon trade on Tuesday (3 May), having given up 3.6% over last week, trading at R15.99 relative to the greenback – near its weakest levels in nearly...
View ArticleBad news as the Reserve Bank hikes Interest rates
South African Reserve Bank (SARB) decided to raise the repo rate by 50 basis points, taking it to 4.75% per annum. This is the largest hike since January 2016.
View ArticleImpact of interest rate hikes on SMEs, Agriculture and Commercial Property
The South African Reserve Bank's decision to increase the repo rate by 50 basis points (bps) to 4.75% means that small businesses will likely have to absorb costs in the short term, as their profit...
View ArticleSouth Africa’s credit outlook upgraded by S&P
Standard & Poor’s (S&P) upgraded its outlook on South Africa’s credit rating to positive from stable while affirming the long-term foreign and local currency debt ratings at ‘BB-’ and ‘BB’,...
View Article2023 SA Budget Key Highlights — by Finance Minister Enoch Godongwana
Finance Minister Enoch Godongwana on Wednesday delivered the 2023 budget speech in Parliament, Cape Town. His speech comes in the wake of the shocking severity of daily power outages and rising food...
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