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The South African rand weakened against the dollar after the SARB maintained the interest rate at 7.50%. The decision aligns with expectations from economists amidst ongoing trade wars and budget …
South African Rand Weakens as Central Bank Holds Interest Rates Steady Read More
South Africa’s central bank paused its rate cuts, keeping the repo rate at 7.50% due to trade risks and budget issues, despite stable low inflation. Governor Kganyago emphasized the need …
South Africa’s Central Bank Maintains Rate Amid Economic Concerns Read More
South Africa’s consumer inflation remained at 3.2% year-on-year in February, with a month-on-month inflation rate of 0.9%. Economists had predicted a slight increase to 3.3%, but it is below the …
South Africa Consumer Inflation Steady at 3.2% Year-on-Year in February Read More
South Africa’s consumer inflation remained steady at 3.2% year on year in February, with a month-on-month rate of 0.9%. Economists predicted a rise to 3.3%, below the Reserve Bank’s target …
South Africa’s Consumer Inflation Stable at 3.2% Year-on-Year in February Read More
On March 18, the South African rand strengthened following a record gold price of $3,018.66. Increased gold prices may boost local mining output. However, the rand faces challenges due to …
South African Rand Strengthens Amid Record Gold Prices Read More
South Africa is reducing Eskom’s debt relief package by R20-billion, opting for loans instead of direct debt assumption. The revised plan reflects Eskom’s improved financial position. The government will provide …
South Africa Reduces Eskom Debt Relief Package to R50-Billion in Loans Read More
The South African rand strengthened slightly against the dollar amid fears of a U.S. recession and pending local budget discussions. Investors await U.S. inflation data for insights on Federal Reserve …
South African Rand Rises Amid U.S. Recession Concerns and Budget Anticipation Read More
The South African rand weakened as investors await GDP data and assess the implications of U.S. tariffs announced by President Trump. At 0715 GMT, the rand traded at 18.64 against …
South African Rand Declines Ahead of GDP Release and Trump Tariffs Read More
The South African rand has appreciated slightly ahead of a key PMI survey for manufacturing, trading at 18.66 against the U.S. dollar. The upcoming PMI data, set for release at …
South African Rand Strengthens Ahead of Manufacturing PMI Report Read More
Malawi’s government has adjusted its 2025 growth forecast to 3.2% from 4.0% amid rising inflation rates that have led to widespread protests, particularly among street vendors. These protests, fueled by …
Malawi Adjusts Growth Projections Amid Public Protests Over Inflation Read More