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The Quarterly Labour Force Survey (QLFS) data (not seasonally adjusted) showed that the official unemployment rate remained high at 32.9%, up from 32.7% in 4Q22. The outturn was slightly lower than the Bloomberg consensus prediction of 33.0%.
Against most expert’s predictions, the MPC decided to raise interest rates by 50 basis points at their last meeting. To the dismay of many South Africans, the MPC might be poised to deliver yet another interest rate hike at the upcoming meeting in May.
While motorists cheered a fuel price decrease in April, the outlook is more complicated for May.
PwC South Africa is pleased to share its fourth South Africa Economic Outlook report for 2023.
The strongest deterrent against FSP compliance missteps is or should be: