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Politics & Property News Blog

Inflation drops to below 5%

The further decline in the consumer price index (CPI) to just above the mid-point of the Reserve Bank’s target range is exceptionally good news for debt-laden households.

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New cabinet announced by the GNU

The appointment of South Africa’s first Cabinet under the new government of national unity (GNU) has been met with overwhelming positive response by business leaders, whilst also receiving a thumbs-up from global capital markets.

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Elections Herald New Era of Cooperation

After three decades of ANC rule, South Africa’s national elections have made headlines again – mostly for good reasons. The ANC’s monopoly over socio-economic policy has been broken and around three-quarters of the votes were garnered by parties that remain committed to the constitution. 

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Consumer inflation resumes downward trend

Although debt servicing costs as percentage of household incomes has risen to 9% since the Reserve Bank’s decision to follow a restrictive monetary policy approach, higher employment and salary levels have boosted the AFHRI. 

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Rand recovery amongst the best

A large measure of divergence in the performance of global currencies against the US dollar was evident in March, clearly as a result of key US economic data sets sending out conflicting signals – a trend that has continued to baffle capital markets over the past two years.

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Budget 2024/25 - Forex Reserves To The Rescue!

This year’s national budget, tabled in Parliament on 21 February, will probably be best remembered for the wide-ranging differences of opinion on National Treasury’s decision to tap into the country’s foreign exchange reserves. 

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Politics in February

FEBRUARY is always a big political and economic month in South Africa. The SONA is the speech that outlines the government’s political priorities for the year.

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Lower interest rates on the cards

Homeowners would have been relieved at the resumption of a downward trend in the consumer price index (CPI), which dropped from 5.9% in October to 5.5% in November. Motorists can also look forward to some savings in the New Year, with lower petrol and diesel prices having been announced by the Department of Mineral Resources and Energy.

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2024 Look Ahead

South Africa celebrates 30 years of democracy in 2024. At the same time, the country goes to elections which may see the ruling ANC voted out of power or forced into a national coalition. 

JUSTICE MALALA outlines the main political and economic trends for the year ahead.

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Reserve Bank keeps rates on hold

During October, the annualised rate of consumer inflation rose marginally to 5.9% (from 5.4% in September), but there should be no need for alarm over any further significant increases in the general price level. It should be noted that October was a difficult month for the rand/US dollar exchange rate, with the average hitting a level of marginally above R19. 

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