R3 per litre pain for South Africa is coming
The R3 per litre fuel levy relief granted to South African motorists in April is going to come back to bite, one way or another.
Auto Added by WPeMatico
The R3 per litre fuel levy relief granted to South African motorists in April is going to come back to bite, one way or another.
The rand suffered another blow on Friday, weakening to R17.20 to the dollar during mid-afternoon trade.
Still projects one rate cut in 2026.
‘This country’s problem is not high inflation. Our problem is high unemployment. You do not create jobs if you have the highest interest rate in the world’ – independent economist Roelof Botha.
For ‘greater transparency and clarity’: instead of the official repo rate and prime rate – and then the ‘prime-plus’ or ‘prime-minus’ rate quoted to a consumer – there will be a single Sarb policy rate. Banks will still add a premium to that rate when quoting their clients ‘but that should not [necessarily] be understood…
Standard Bank Group chief economist Goolam Ballim considers 2026 more predictable than last year, saying predictability is ‘a nice alternative to perfection’.
Rand versus dollar explained.
Amelia Morgenrood, aandelemakelaar by PSG Wealth Faerie Glen, gesels onder meer oor die plaaslike beurs, die goudprys, die silwerprys en die land se fiskale posisie.
The South African Reserve Bank (SARB) Monetary Policy Committee has voted to hold South Africa’s interest rates.
Kokkie Kooyman, fondsbestuurder by Denker Capital, gesels oor die Reserwebank wat kyk na hoe rentekoerse bepaal word.