randlatest news & developments
Coming down: If current trends hold, February could deliver the most meaningful fuel-price relief South Africans have seen in years.

Huge fuel price cuts on the horizon

South Africa’s long-squeezed motorists might find fresh relief next month as recent datafrom the Central Energy Fund (CEF) data points to meaningful  fuel price cuts  in February — a rare bright spot in a world rattled by geopolitical theatrics and jittery oil markets. In an unexpected twist, the rand has staged its strongest run in […]

  • Eyaaz
3 min read
From Wednesday, 95-grade unleaded petrol will cost R21.59 per litre in Gauteng and R20.76 in coastal areas

Petrol price to fall by 28 cents from 6 August, diesel to rise

From Wednesday, 95-grade unleaded petrol will cost R21.59 per litre in Gauteng and R20.76 in coastal areas

  • Eyaaz
2 min read
The retail price of both grades of petrol sold in South Africa will dip by 7 cents a litre from Wednesday. (Waldo Swiegers/Bloomberg via Getty Images)

South Africa’s petrol, diesel, paraffin and gas prices to ease from Wednesday

The mineral and petroleum resources department attributed this to a lower average Brent crude oil price and firmer rand during the period under review

  • Eyaaz
1 min read
The retail price of both grades of petrol sold in South Africa will dip by 7 cents a litre from Wednesday. (Waldo Swiegers/Bloomberg via Getty Images)

Petrol and diesel prices set to rise for third straight month from 1 January

The department of mineral and petroleum resources cited a higher crude oil price and a weaker rand

  • Eyaaz
2 min read
Economists widely expect the South African Reserve Bank’s monetary policy committee to once again hold the interest rate at 8.25% when it concludes its meeting on Thursday.

Reserve Bank widely expected to hold interest rates this week

Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range

  • Eyaaz
4 min read
The 14-day period to form a government is one of the issues that has been identified as a stumbling block in the formation of well-considered and stable coalitions. (Esa Alexander/Sowetan/Gallo Images/Getty Images)

Market on tenterhooks amid coalition talks

As the 14 days to announce a coalition government commences, investors are nervous and the rand is flat

  • Eyaaz
3 min read
South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

Explainer: How the Reserve Bank decides on interest rates

Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve

  • Des Erasmus
3 min read
The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

Consumer inflation eases in April, but interest rate cut still unlikely this month

The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023 This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read