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Roundup: Experts warn unrest in South Africa could deter investors, worsen food insecurity - World News
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2021-04-21 15:31:00 GMT2021-04-21 23:31:00(Beijing Time) Xinhua English
JOHANNESBURG, April 21 (Xinhua) South Africa s annual consumer price inflation (CPI) rose to 3.2 percent in March, up from 2.9 percent in February, said Statistics South Africa (Stats SA) on Wednesday.
Patrick Kelly, Chief Director for Price Statistics, said the change was mainly contributed by the increase in prices of food and non-alcoholic beverages. Annual inflation for food and non-alcoholic beverages edged up to 5.7 percent in March from 5.2 percent in February. Products that recorded annual price rises above the 5.7 percent average included oils and fats, he said.
He said that fuel prices in March were around 2.3 percent higher compared to the same month last year.
South African Govt boosts spending on vaccination programme
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2021-02-11 10:30:30 GMT2021-02-11 18:30:30(Beijing Time) Xinhua English
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JOHANNESBURG, Feb. 11 (Xinhua) As South Africa seeks to grow its stagnant economic growth this year after grappling with the pandemic, President Cyril Ramaphosa is expected to deal with the economy and state-owned entities in his State of the Nation Address (SONA) on Thursday in parliament.
Jannie Rossouw, Head of School of Economic and Business Sciences at the University of the Witwatersrand, said while Ramaphosa unveiled an economic recovery plan late last year that prioritizes infrastructure development, he is set to reveal more details in SONA which set to reveal the government s bold plan for this year.
2021-01-20 16:36:00 GMT2021-01-21 00:36:00(Beijing Time) Xinhua English
JOHANNESBURG, Jan. 20 (Xinhua) South Africa s annual Consumer Price Index (CPI) for 2020 was at 3.3 percent which was the lowest inflation recorded since 2004, Statistics South Africa (Stats SA) said on Wednesday.
Stats SA attributed food and non-alcoholic beverages as the main drivers of inflation in December with a monthly increase of 0.5 percent and an annual rise of 6.0 percent. This was up from November s annual reading of 5.8 percent. Meat prices rose by 7.3 percent from a year ago and by 1.2 percent from November. Stewing beef was 2.9 percent more expensive than it was in November 2020 and 12.4 percent more expensive than in December 2019, data showed. Prices in the oils and fats category climbed by 10.2 percent over 12 months and by 1.6 percent over one month. Cooking oil prices increased by 11.3 percent since December 2019 and by 2.9 percent between November 2020 and December 2020.
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