Economy / General

SA’s employment increased, but the unemployment rate remains high

The Quarterly Labour Force Survey (QLFS) data (a household-based employment survey, not seasonally adjusted) showed that the official unemployment rate fell slightly to 32.6% in 2Q23 from 32.9% in 1Q23.

South Africa record negative deficit for the second time this year

South Africa recorded a trade deficit of R3.5bn in June 2023 compared to the surplus of R9.6bn recorded in May 2023 and far below the market forecast of an R11.9bn surplus.

MPC comments from thought leaders

SARB pauses rates to take stock of local inflation

Following the South African Reserve Bank’s (SARB’s) decision to leave interest rates unchanged, FNB will maintain its prime lending rate at present levels and will review its position following the SARB MPC decision in September.