Rand consolidates on back of positive domestic news
However, the rand remains stubbornly weak and refuses to fall below the psychological R19-mark to the greenback.
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However, the rand remains stubbornly weak and refuses to fall below the psychological R19-mark to the greenback.
A look at what needs to be done to grow SA’s economy and analysis of Capital Appreciation’s results.
South Africans sighed with relief when they heard that the economy grew by 0.4% in the first quarter, but is this enough?
SA’s economy is already in a recessionary environment due to all the headwinds it is facing, writes Maarten Ackerman.
The South African Reserve Bank cut its main lending rate by 50 basis points to 7.75 per cent on Thursday beating market expectations of 25 basis points. In his speech, Central Bank Governor Lesetja Kganyago said risks to the inflation outlook are assessed to the upside. This is now the ninth hike in a row adding a total of 425 basis points to the repo rate since it began tightening policy in November 2021. Joining CNBC Africa for more are Maarten Ackerman, Chief Economist at Citadel Investment Services, Mamello Matikinca-Ngwenya, Chief Economist at FNB South Africa and Qhivi Tiva, Fixed Income...