reserve banklatest news & developments
Consumer inflation edged higher to April to 2.8% year-on-year from 2.7% in March, driven mainly by the housing and utilities as well as the alcoholic beverages and tobacco categories, Statistics South Africa said on Wednesday.

April consumer inflation edges higher to 2.8% year-on-year

April’s slight uptick suggests that the Reserve Bank will keep the benchmark repo rate at 7.5% next week

  • Aarti Bhana
2 min read
The country’s financial systems, especially international transfers, must be fit for purpose in the digital age. Photo: File

Greylisting is a symptom. South Africa’s real crisis is dysfunction without consequence

Financial crime governance should be happening in the boardroom and the legal and financial fallout from the lack of enforcement is becoming increasingly serious

5 min read
South Africans want to travel, especially over December and January, as they need the break.

Sunnier outlook: SA travellers ready to book their end-of-year breaks

Global tourism has reached 96% of pre-pandemic levels; tails are up

  • Derek Davey
5 min read
Cyril Ramaphosa’s farm, Phala Phala. (Leon Sadiki)

ATM ‘will pursue all legal avenues’ over the Phala Phala scandal

The National Prosecuting Authority says Ramaphosa is off the Phala Phala hook

  • Eyaaz
3 min read
Consumer inflation edged higher to April to 2.8% year-on-year from 2.7% in March, driven mainly by the housing and utilities as well as the alcoholic beverages and tobacco categories, Statistics South Africa said on Wednesday.

Inflation dips below 5%

The latest year-on-year number is 4.6%. This is the lowest it has been since July 2021

2 min read
Eskom will increase electricity tarrifs by April. Photographer: Dwayne Senior/Bloomberg via Getty Images

Don’t expect a reprieve in electricity prices anytime soon

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

Reserve bank head says climate change will raise fiscal risk

Central banks’ contribution to climate change-related aims, and their role in the transition, depend on government policy

  • Sheree Bega
9 min read