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On Wednesday, Finance Minister Enoch Godongwana will provide a detailed plan for 2024 spending, including proposals for revenue collection to help fund government’s planned interventions and commitments.
Statistics South Africa announced this morning that the average inflation rate for 2023 was 6,0%, much lower than 2022’s 6,9%.
The South African rand weakened, kicking off a week of data releases which include the country's second quarter GDP and current account.
In early trade the rand was at R18.81 to the dollar.
Will the MPC hike the repo rate or not? This is the question o everyone’s lips now that inflation fell to well below the Sarb upper limit.