Economy / General

South Africa Economic Outlook: A challenging time for consumers

This document reports on PwC South Africa’s core macroeconomic forecasts for the country as of 24 January 2022, based on different forward looking scenarios.

SARB to keep hiking rates as price pressures persist

PPS Investments: CPI for November 2021

Consumer price inflation increased by 5.5% year-on-year as at the end of November 2021, up from the 5.0% increase recorded in the previous month. This is highest year-on-year increase since March 2017 when inflation grew at 6.1%. After a pedestrian average increase of 3.3% for 2020, inflation is likely to average close to 4.5% for 2021. Month-on-month inflation rose by 0.5% compared to the modest 0.2% increase October.

BETI shows local economy is shrinking

The BankservAfrica Economic Transactions Index (BETI) slumped in November, signalling another month of sluggish economic activity in a slowing economy. However, the higher monthly volume of transactions tracked in the BETI tells a different story of the growing use of digital payments.