The South African Reserve Bank (SARB) has lowered the repo rate by 25 basis points, bringing it down from 7.00% to 6.75%. Governor Lesetja Kganyago announced the unanimous decision following Thursday’s Monetary Policy Committee (MPC) meeting, which took place against the backdrop of rising consumer inflation.

Motorists to see welcome relief as both petrol and diesel costs decline. South African drivers can expect a bit of financial respite this week, with fuel prices dropping from Wednesday, 5 November.

South Africans are paying significantly more for meat, with prices reaching their steepest climb in seven years, according to the latest data from Statistics South Africa (Stats SA).

President Cyril Ramaphosa has urged South Africa’s major supermarket chains to do more to make food affordable and avoid anti-competitive behaviour that drives up costs.

By: Jason Woosey - IOL

Following moderate fuel price movements in October, South African motorists can expect more substantial petrol and diesel price decreases from the beginning of November.

By: Nicola Mawson - IOL

That Sunday braai is costing a lot more than it did a few years ago. Meat prices have risen well above inflation, leaving consumers paying sharply more for their favourite cuts.

By: Ashley Lechman – IOL Business Report

The September 2025 Household Affordability Index has shown that the cost of putting food on the table remains a challenge for South African families, with the average household food basket recorded at R5 379,42.

By: Hope Ntanzi - IOL

South Africa's job blood bath continues unabated. New data, released by Statistics South Africa’s Quarterly Labour Force Survey, reveals a staggering loss of 291,000 jobs in the first quarter of 2025.

By: Jason Woosey - IOL

Although the petrol price outlook has deteriorated in recent weeks, diesel customers can look forward to a significant price reduction from next Wednesday, September 3.