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Local

Inflation Holds at 3.2% Amid Rising Housing and Utilities Costs

Consumer price inflation (CPI) remained unchanged at 3.2% in February, holding steady from January. This marks the fourth consecutive month that inflation has stayed above the four-and-a-half-year low of 2.8% recorded in October. Meanwhile, the Consumer Price Index registered a monthly increase of 0.9% in February. Independent Economic Analyst Professor Bonke Dumisa explained that the latest CPI figures provide an accurate reflection of inflation trends in South Africa. “The Consumer […]

today24 March 2025

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International

IMF cuts 2023 global outlook over colliding global shocks

INTERNATIONAL The International Monetary Fund (IMF) has cut its global growth forecast for 2023 as economic pressures collide, from the war in Ukraine, high energy and food prices and sharply higher interest rates. The IMF warned on Tuesday that conditions could worsen significantly next year and said it expected more than a third of the world’s economy to contract. “The three largest economies – the United States, China and the euro area […]

today12 October 2022

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