LOCAL The fastest inflation of Lesetja Kganyago’s almost eight-year tenure means it’s not a question of if the central bank governor will raise interest rates on Thursday, but by how much. Economists and traders aren’t ruling out the prospect that the SA Reserve Bank may lift the repurchase rate to 5.5% from 4.75% in what would be the biggest hike since September 2002. It’s already raised the benchmark by a […]
Zimbabwe's annual inflation rate quickened to 191.6 percent in June, more than doubling the consumer price increases of two months ago, official statistics showed Saturday. Inflation which was at 96.4 percent in April, crept up to nearly 200 percent as prices of cooking oil and bread are leaping higher as a result of Russia's invasion of Ukraine. Rising prices revive memories of hyperinflation seen more than a decade ago when […]
The Reserve Bank’s Monetary Policy Committee (MPC) is expected to keep the repo rate unchanged at 3.5%. The decision will be made public on Thursday afternoon at the conclusion of the committee’s three-day meeting. The committee has previously said it expected inflation to remain contained at 4.2% this year. In June, inflation went down from 5.2% to 4.9%. Economists say inflation is not something to be too concerned about at […]
Figures released by Statistics South Africa show that the Consumer Price Inflation rate has accelerated to 5.2% in May from 4.4% in April. The statistics agency notes that this is the highest reading since November 2018. Stats SA further notes that the change in the rate comes off a low base recorded in May 2020, when fuel prices were low. An Economist at Econometrix Laura Campbell says demand-side inflationary pressures […]
VOC became the first Muslim radio station in South Africa when a special events license was granted to the station in Ramadan/January 1995. Subsequent temporary broadcast licenses were granted, permitting the station to broadcast for 24 hours.
