Reserve Bank report shows inflation stabilising - SABC News

A graphic showing the up and down movement of inflation figuresInflation is forecast to average 6% in 2023 and 4.9% in 2024.

The Reserve Bank Monetary Review Statement shows inflation risks remain firmly on the upside, and structural constraints continue to impact economic growth.Central banks across the world, including South Africa, increased interest rates in an effort to stem the increase in inflation. The report further shows economic growth has continued to decline because of power outages since the third quarter of last year. This, alongside under-performing rail and port infrastructure.

Lead economist at the Reserve Bank Witness Simbanegavi says, “We already this year at 108 days of load shedding, which is probably more than 60% of our load shedding last year and our expectation is that we are going to experience something like 250 days of load shedding this year.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reserve Bank making changes to how it models interest rates in South AfricaSouth Africa’s central bank will probably introduce a raft of changes to modelling that informs monetary policy decisions.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Another bank offers energy grants to SMEs | The Citizen💡More banks are taking on the cause to help SMEs deal with the energy crisis by offering grants 💳💰 to purchase solar energy 🔋 Eskom loadshedding TheCitizenNews Find out here⬇️
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Public Display of Old South African Flag is Hate Speech - CourtThe Supreme Court of Appeal (SCA) has unanimously ruled that any gratuitous public display of the old South African flag constitutes hate speech, unfair discrimination on the basis of race, and harassment in terms of equality legislation, writes Tania Broughton for GroundUp. However, the court amended a similar ruling handed down by the Equality Court, which had also outlawed the display of the flag in private homes. "The old flag is an awful reminder of the anguish suffered by millions of people under apartheid South Africa. As stated in the founding affidavit of the South African Human Rights Commission (also an applicant in the Equality Court), the old flag represents precisely that racist and repressive regime and the dehumanising ideologies espoused during its rule - the racial superiority of white South Africans and the corresponding inferiority of black South Africans," Judge Schippers said.
Source: allafrica - 🏆 1. / 99 Read more »

Africa: Is the World Bank Really Going Green?Analysis - The Bank invests billions in fossil fuels, including through various opaque channels. Unless this changes, its public soul-searching will count for little.
Source: allafrica - 🏆 1. / 99 Read more »

African Development Bank chief calls on Japan to invest more in Africa - IT-OnlineDelivering a lecture at the Japan-Africa Investment Ecosystem Co-creation Forum in Tokyo, the president of the African Development Bank Group, Dr Akinwumi Adesina, has called for a significant increase in Japanese investment in Africa. Dr Adesina is leading a delegation on a five-day visit to Japan during which he will meet senior government officials, large […]
Source: ITOnlineSA - 🏆 16. / 63 Read more »

Bank highlights impact of regulated prices on inflationImproved efficiencies and competition in regulated sectors would help to lower inflation, review says
Source: BDliveSA - 🏆 12. / 63 Read more »