Economy

No respite for coffee lovers as higher global prices stoke local inflation

South Africa’s consumer continued to breathe a sigh of relief as headline inflation steadied to 5.2% y/y in May 2024 according to Statistics South Africa.

Economic outlook following South Africa's 2024 election results

The results of South Africa's 2024 national elections have created a seismic shift in the political landscape, sending shockwaves throughout the country.

Economy recovering from a low base

Following the South African Reserve Bank’s decision earlier today to keep interest rates at their previous level, FNB confirms that it will hold its prime lending rate at present levels and will review its position after the next SARB MPC meeting in July.

SA MPC commentary May 2024