South Africa welcomes 1st small interest rate cut in 4 years
South Africa central bank joins easing club with 25 basis point rate cut
South Africa's central bank struck a measured tone after its first rate cut in more than four years on Thursday, saying although inflation had fallen faster than expected there were still risks to the outlook.
South Africa Lowers Interest Rates for First Time Since 2020
South Africa's central bank cut interest rates for the first time in four years and signaled a more optimistic outlook for inflation. Danelee Masia, Deutsche Bank, South Africa and Sub-Saharan Africa Chief Economist,
South Africa central bank joins rate cut movement
South Africa’s central bank cut its benchmark interest rate for the first time since 2020 on Thursday, joining other nations in reducing borrowing costs as inflation eases. Central banks worldwide hiked rates after inflation soared in the wake of the Covid pandemic and Russia’s invasion of Ukraine,
South Africa Is First Country to Lower Rates After Fed Cut
SARB cut its main benchmark rate by a quarter percentage point to 8%.
South Africa Seen Sticking to Modest Rate Cut Despite Fed Cut
The South African Reserve Bank will likely lower interest rates by 25 basis points on Thursday, despite a larger-than-expected overnight move by the Federal Reserve as it turns the screws on inflation.
It’s good, but not great: South Africa first interest rate cut in four years
Although there is not a significant savings for South Africa bond holders, the 0.25 cut was met with a sigh of relief from homeowners who have been holding on tight during the upw
Economists Split on How Deep South Africa’s Easing Cycle Will Be
South Africa’s first interest-rate cut since 2020 quickly divided economists over how much further it will go after making a ...
Scientists in South Africa say they have identified the first known outbreak of rabies in seals
Tests on dead Cape fur seals in South Africa have shown some had rabies. Scientists say they believe it's the first evidence ...
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Cabinet welcomes positive economic numbers
Cabinet has welcomed the positive economic indicators following the slight growth in the country’s gross domestic product ...
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South Africa forms new state-owned petrol company
The South African National Petroleum Company has been formed via a merger of existing companies while it exists as a ...
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South Africa luanches new state-owned petroleum company
A policy statement by President Cyril Ramaphosa has resulted in the formation of a new state-owned petroleum company—the ...
How do you get a grumpy 4-ton elephant to a new home 120 miles away? Call the elephant movers
Charley, an aging four-ton African elephant, had outlived his fellow elephants at a zoo in the capital, Pretoria, where he'd stayed for more than 20 years. Elephants are sensitive animals, wildlife ...
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Repo rate drops for the first time since 2020
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points, ...
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South Africa imports 5,000 critical skill workers – half coming from just two countries
South Africa has imported thousands of skills into the country over the last four years on critical skills visas – this is ...
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EU backs South Africa’s move to green hydrogen
But the European Union’s investment is a fraction of what is needed, and environmentalists are wary of ‘green colonialism’ ...