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A view on today’s CPI release and the impact on the next interest rate decision

20 September 2023 | General

The Consumer Price Index (CPI), published by Statistics South Africa (Stats SA), ticked up to 4.8% y/y in August 2023, following four consecutive decreases that led to inflation falling to 4.7% y/y in July.

SA likely to languish on the grey-list post-2025

19 September 2023 | General

The lack of information about government’s grey-list action plan coupled with South Africa’s abysmal enforcement track record means there are two potential outcomes following the next global Financial Action Task Force (FATF) grey-list decision, scheduled for early 2025. Either the country finds itself ‘sentenced’ to an extended period on that list, or it finds itself in worse trouble, perhaps downgraded onto one-or-other anti-money laundering and counter financing of terrorism (AML-CFT) black-list.

2Q23 GDP growth stronger-than-expected

06 September 2023 | General

Real GDP expanded by a stronger-than-anticipated 0.6% q/q in 2Q23 (seasonally adjusted), reflecting continued momentum from an expansion of 0.4% in 1Q23 (Figure 1).