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South Africa’s central bank has paused its rate cuts, keeping the repo rate at 7.50% due to trade wars and budget risks. Inflation remains steady at 3.2%, and the rand …
South Africa Halts Rate Cuts Amid Economic Uncertainties and Budget Challenges Read More
South Africa’s consumer inflation was steady at 3.2% year-on-year in February, with a month-on-month rise to 0.9%. Economists expected a slight increase to 3.3%. The South African Reserve Bank will …
South Africa Consumer Inflation Remains Stable at 3.2% in February Read More
South Africa’s consumer inflation held steady at 3.2% year-on-year in February, with a month-on-month increase to 0.9%. Economists had anticipated a rise to 3.3%, and the Reserve Bank will announce …
South Africa Maintains Steady Consumer Inflation at 3.2% in February Read More
Moody’s predicts that South Africa’s coalition government will reach a budget compromise that focuses on fiscal consolidation. Despite tensions and opposition to proposed changes, Moody’s expects the budget’s key objectives …
Moody’s Foresees Budget Compromise in South Africa’s Coalition Government Read More
The South African rand appreciated by 0.4% to 18.0175 against the dollar, bolstered by gold prices hitting a record high of $3,018.66. Analysts anticipate that this increase may incentivize local …
South African Rand Strengthens as Gold Prices Achieve Historic High Read More
The average inflation forecast for South Africa in 2025 has declined to 4.3%, below the central bank’s target. January’s inflation is reported at 3.2%, with expectations for February remaining stable. …
South African Inflation Forecast Declines Amid Economic Concerns Read More
South Africa’s Finance Minister Enoch Godongwana has indicated that the national budget may undergo further revisions following discussions on a contentious VAT increase proposal. Most major political parties oppose the …
South Africa’s Finance Minister Considers Budget Revisions Amid Political Challenges Read More
South Africa’s 2025 budget is facing last-minute negotiations, having been postponed due to disagreements over a VAT increase. The Democratic Alliance opposes the increase, creating a political impasse. Although the …
South Africa’s Budget Negotiations Extend to Last Minute Before Presentation Read More
Ukrainian President Zelenskiy will visit South Africa on April 10 to meet with President Ramaphosa, aiming to bolster international support amidst U.S. military aid suspension. South Africa, which maintains good …
Zelenskiy to Meet South African President for Peace Talks in April Read More
Microsoft is set to invest 5.4 billion rand ($296.81 million) in South Africa’s AI infrastructure, a move announced by Vice Chair Brad Smith. This investment aims to bolster technological development …
Microsoft to Invest 5.4 Billion Rand in AI Infrastructure in South Africa Read More