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Christmas sales update

27 November 2015 | General

Our recent Christmas sales outlook forecast December 2015 retail sales to grow by 7.4% in nominal terms and just 1% in real terms given the soft consumer outlook. From the consumer’s perspective, the difficult economic backdrop implies intense competition between retailers (especially food) and hence this may keep a cap on food inflation – for now.

More tough times ahead for indebted consumers as South Africa’s interest rates hikes, says Standard Bank

23 November 2015 | General

The South African Reserve Bank’s decision to raise its benchmark interest rate signals tougher times ahead for the already financially-stressed South African consumer.

Rate hike painful but rewards possible for consumer

20 November 2015 | General

First National Bank (FNB) will increase its prime lending rate by 0.25% to 9.75% following the decision taken earlier today by the SARB Monetary Policy Committee (MPC) to increase the repo rate. The new rate is effective on all prime-linked loans from Friday 20 November 2015.

SA economy shows signs of health despite decline

11 November 2015 | General

October saw a higher number of payment system transactions under R5 million than those recorded in September, according to the BankservAfrica Economic Transaction Index (BETI) which measures these transactions.

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