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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 latest inflation data shows no respite for consumers as headline consumer price inflation inched 0.1 percentage point higher to 7.1% y/y in March 2023 from 7.0% y/y in February, according to the update from Statistics South Africa.
What can retirement funds do to improve client-adviser engagement during members’ employment years?