With load shedding returning, damage to personal property may become a new reality and its best that households be prepared.
The Association for Savings and Investment South Africa (ASISA) said that severe market volatility and a steep increase in the cost of living for consumers had tested consumer financial resilience resulting in them getting rid of certain monthly premiums.
The South African rand has come under immense pressure on Monday (19 September) as the country feels the pressure of stage 6 load shedding, and markets look ahead to interest rate hikes from major central banks.
South Africa's economy faces severe headwinds in the coming weeks as load shedding intensifies, unions threaten to shut down industries, and the Reserve Bank looks set to hike interest rates.
Finance minister Enoch Godongwana has called on the Government Employee's Pension Fund (GEPF) to consider "co-investing" in government infrastructure projects, as the country faces a deep shortfall in funding to address growing infrastructure needs.
The monthly BankservAfrica Economic Transactions Index (BETI), a fast indicator of underlying economic trends in the South African economy, tracked lower levels in August, mirroring the challenging economic environment.
The Department of Justice and Constitutional Development says it is working hard to ensure that South Africa avoids becoming grey listed by the Financial Action Task Force (FATF).
A soft landing is becoming the more likely scenario for the global economy, which will continue to provide tailwinds for risky assets, according to strategists at JPMorgan Chase & Co.
The dollar’s pullback in recent days is prompting speculation about whether the currency’s march higher is coming to an end. There is nonetheless a reluctance to write it off just yet.
South Africa's rand is expected to be beaten around by global markets in the coming months, as inflationary and interest rate pressure from central banks in the US and the European Union continue to dominate global market movements.
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