Economy

PPS Investments: CPI for March 2023

Consumer price inflation increased by 7.1% year-on-year in March 2023, slightly up from the 7.0% year-on-year print in the previous month.

South Africa records over 10% increase in exports, resulting in the largest trade surplus in six months

South Africa recorded a trade surplus of R16.1bn in February 2023 compared to a deficit of R22.7bn in January 2023, and higher than the market forecast of a R14.3 billion shortfall.

Economies at a glance March 2023

Higher than expected jump in interest rates signals inflation concerns

Following the South African Reserve Bank's (SARB) decision to raise its repo rate by 0.50%, FNB will lift its prime lending rate by 0.50% from Friday 31 March 2023.