Page 14 - Efficient Group News Today

South African inflation hits new 13-year high

Inflation in South Africa accelerated to its highest level in 13 years in July, pushed mainly by surging food, transport and electricity prices, official data showed Wednesday as workers staged protests…

A look at which approach investors can use to weather the market-volatility storm.

Minister of Finance Enoch Godongwana said he is set to take charge of the public service wage talks on behalf of the government.

Many analysts believe a bottom to the crypto bear market is imminent.

This is an exciting time to be a witness to the financial revolution unfolding, says Dawie Roodt, The Efficient Group.

Organisations working in the economic policy space and other economic watchers have heavily criticised the decision by the central Bank to hike borrowing costs, labelling it a mistake. But some call it the right move.

Economy heading for a technical recession – economist Dawie Roodt.

CAPE TOWN, June 28 (Xinhua) -- South Africa's power utility Eskom on Tuesday announced that it will enhance the level of load shedding from the current Stage 4 to the more severe Stage 6 in certain periods on Tuesday and Wednesday, citing unlawful and unprotected wage-related labor action that caused disruption to the utility's power plants.

Headline consumer price inflation (CPI) reached five-year highs in May. Driven by food and fuel prices, it went up well beyond expectations and beyond the SA Reserve Bank target surging to 6.5% last month from 5.9% in April.