Recent market expectations, influenced by ongoing uncertainties about the timing for inflation to meet the central bank’s target midpoint and about global disinflation, suggest that in 2024, South Africa’s policy rate might either stay the same or continue near its 14-year peak at 8.25%. This is according to the Reserve Bank’s April monetary policy review released on Tuesday, which raises questions regarding the likelihood of the rate dropping below 5% at all this year.
The rand reversed some of its losses on Tuesday as global investor concerns over rising tensions in the Middle East relatively receded. On Wednesday , the rand was trading at R19.12 to the dollar, R23.81 to the pound, and R20.53 to the euro. Oil is trading at $88.49 a barrel. [HONOR SA General Manager Fred Zhou unpacks the launch of the flagship Magic Series in South AfricaBusiness Opinion
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South Africa: 30 Years On, South Africa Still Dismantling Racism and Apartheid's LegacyRethabile Ratsomo said it's the little things that remind her of her perceived 'place' in South African society.
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South Africa: EFF and MK Party Dominate South Africa's Online Election DebateIn the lead-up to South Africa's 2024 national elections, the Economic Freedom Fighters (EFF) and the uMkhonto weSizwe Party (MKP) are dominating the online conversation, according to this biweekly report from the Centre for Analytics and Behavioural Change, which analyzed the conversation between 18 March and 1 April 2024.
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Nigeria/South Africa: Paris 2024 - Minister Charges Super Falcons to Break Jinx in South AfricaThe Minister of Sports Development, John Owan Enoh, has tasked the Super Falcons of Nigeria to defeat their South African counterparts in the second leg of their Olympic qualifiers on Tuesday in Pretoria.
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