Reserve Bank cuts interest rates by one percentage point
The Bank brought forward its May meeting to Tuesday, and cut interest rates for the third time in 2020
The Reserve Bank has cut interest rates by one percentage point for the second time in just less than a month, bringing the repo rate down to 4.25% on Tuesday morning.
The 100 basis point cut on Tuesday follows a 100 basis point cut on March 19. In January, the Bank cut interest rates by 25 basis points.
The rand weakened after the announcement, trading 0.2% lower at R18.12/$ in morning trade.
Smaller baskets, faster meals: Here's how South A…
Source: BizCommunity
South African households are shopping more frequently but taking fewer items home, as consumers become increasingly deliberate about how they allocate their grocery budgets.
Fuel price surge set to put further pressure on S…
Another sharp increase in South Africa’s fuel prices is expected to place additional strain on household finances, with higher transport costs likely to filter through to the prices of goods and services and add to inflationary pressures.
South African shoppers are not simply trading dow…
By Tony Mun-Gavin, Managing Director: Encore
South African shoppers are becoming harder to impress and harder to categorise. The familiar narrative is that when household budgets tighten, consumers simply trade down to cheaper products.
Fuel prices set to climb sharply for South Africa…
South African motorists are set for another increase in fuel costs, with both petrol and diesel prices rising from Wednesday, 2 September 2026.
Fuel price shock looms as September increases gai…
South African motorists are facing a potentially painful start to September, with the latest fuel price data pointing to substantial increases for both petrol and diesel.