Bank Savings during Inflation South Africa

South Africa, Inflation

South Africa inflation ticks up but rate cut still seen next week

South Africa's headline consumer inflation rose to 3.0% year on year in December from 2.9% in November , data from the statistics agency showed on Wednesday.

Independent Online (IOL) on MSN · 6h

South Africa anticipates interest rate cut in January, offering hope to consumers

South African consumers can expect some financial relief at the start of 2025 as the South Africa Reserve Bank (Sarb) is anticipated to cut interest rates on January 30, 2025. According to chief economist at Investec Annabel Bishop,

Business Insider · 1d

South Africa Inflation Climbs For Second Month, Retail Sales Growth Improves

South Africa's consumer price inflation accelerated for a second straight month in December and retail sales growth improved again in

Bloomberg L.P. · 1d

South Africa Inflation Quickens Less Than Expected in December

South African inflation quickened at a slower pace than expected in December, providing room for policymakers to cut interest rates later this month.

South Africa 2024 Inflation Lowest In Four Years

South Africa's annual inflation rate for 2024 dropped to 4.4 percent, the lowest level since 2020, the national statistics bureau announced Wednesday.

The Citizen6d

South Africans entering 2025 drowning in debt and without any savings

Consumers have so little money and so much debt that 38% of respondents in a survey said they will buy less food to cut costs ...

Independent Online5d

The impact of inflation on debt review applications in South Africa

While official inflation ... debt to be paid off. During this time, the consumer cannot apply for more credit. Independent Online, popularly known as IOL, is one of South Africa’s leading ...

Bloomberg L.P.7d

Rand Drop Won’t Derail South African Inflation Plans, Policymaker Says

A policymaker at South Africa’s central bank downplayed the potential impact of the rand’s recent weakness on inflation, in remarks ahead of its rate-setting meeting later this month.

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