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After steadying in May 2024, headline inflation resumed its deceleration and reached the 2024 low of 5.1% y/y in June. The monthly headline inflation outcome slowed to 0.1% m/m from 0.2% previously.
PwC South Africa is pleased to share its seventh South Africa Economic Outlook report for 2024.
The easing inflationary environment locally and globally has raised the prospect that the South African Reserve Bank may cut interest rates in the third quarter of the year, with Standard Bank forecasting two interest cuts by the end of the year.
Markets want sustainability, predictability, and political stability and political events that do not achieve these have negative consequences for economies.
The strongest deterrent against FSP compliance missteps is or should be: