Economy / General

Old Mutual forecasts inflation to remain unchanged

As South Africa gears up for the release of StatsSA’s April's inflation figures on Wednesday 22 May, there's a sense of anticipation and concern.

QLFS: Jobs regain some momentum in 1Q24

The Quarterly Labour Force Survey (QLFS) data, a household-based employment survey not seasonally adjusted, revealed a resurgence in employment momentum in the first quarter of this year. Employment increased by 21 555 q/q (or 0.1% q/q), rebounding from a decline of 21 587 in 4Q23. However, the unemployment level surged by 330 454 q/q (4.2% q/q) to reach 8,225,889, reflecting a significant influx of new entrants into the labour market. Consequently, the official unemployment rate rose to 32.9% from 32.1%.

Petrol prices climb while diesel finds reprieve

Motorists will have to brace for another petrol price increase in May as prices track higher for a fourth consecutive month this year, while diesel will see a cut.

Despite its challenges, South Africa is still receiving a steady stream of foreign direct investment inflows