Economy / General

The real impact of the crisis on SA’s economy

As calm steadily returns after the recent social unrest, analysts are hard at work tallying the cost of the looting and disruption to economic activity. So far, the damage to 2021 growth is estimated at between 0.5 and 1.0 percentage points.

Unchanged interest rates provide temporarily relief to consumers and businesses

Following the South African Reserve Bank’s (SARB) decision to keep its benchmark rate unchanged, FNB will maintain its prime lending rate at 7% and will review its position after the next SARB MPC meeting in September 2021.

Repo rate to hold, but one in five panellists think the rate should change

Commentary on SARS Trade Statistics for May 2021

South Africa’s trade surplus for May 2021 rose to R54.6bn, beating market expectations of R46.5bn. The surplus is the highest ever recorded in the countries’ history.