South Africa’s headline consumer inflation quickened to 7.8% year on year in July from 7.4% in June, data from Statistics South Africa showed.
Author: Alexander Winning
Manufacturing activity contracted for the first time in a year in July, when South Africa experienced severe power cuts, Absa said on Monday.
South Africa’s headline consumer inflation quickened more than forecast to 7.4% year on year in June, surging to a 13-year high.
South Africa’s headline consumer inflation quickened more than expected to 6.5% year on year in May from 5.9% in April.
South Africa’s economy grew more than expected in the first quarter, recovering to the level it was before the Covid-19 pandemic.
The National Institute for Communicable Diseases on Wednesday reported 10 017 new Covid-19 cases, the highest since January.
The rand extended its week’s losses on Thursday, as severe power cuts and deadly floods weighed on the economic growth outlook.
The national health department is changing Covid-19 vaccination rules to try to increase uptake, as inoculations have slowed and the country has ample vaccine stocks.
Consumer inflation quickened faster than expected in December to 5.9% year on year, from 5.5% in November, setting the stage for another rate hike.
Eskom made a R9.2-billion net profit in the six months to the end of September, far higher than the R200-million in the year earlier period.