South African rand weakens after cabinet reshuffle
South Africa's economic activity as measured by GDP growth fell 1.3% in the last quarter of 2022, dropping below its pre-pandemic level due to record power cuts, official figures showed Tuesday.
Stay updated with breaking news from Matrix Fund. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
South Africa's economic activity as measured by GDP growth fell 1.3% in the last quarter of 2022, dropping below its pre-pandemic level due to record power cuts, official figures showed Tuesday.
These are some of the biggest economic challenges Ramaphosa will have to tackle:
South Africa is one of only a few countries where inflation is in line with the official target, and the Reserve Bank deserves some of the credit, argues Carmen Nel. But can it last?
The SA government received bids worth more than $7 billion for the $3 billion (~R44 billion) in new dollar-denominated bonds on offer this week.
The "normalisation cycle" in interest rates may not be all that normal for South Africa, writes Carmen Nel.