Nedbank economists expect July inflation numbers to hit higher at 7.7% next week - but the bank believes this will likely be the peak, with prices more subdued thereafter.
The rand lost further ground against the dollar in mid-morning trade on Thursday (18 August) having shed nearly 1.7% against the greenback a day earlier.
With economists and analysts predicting a lower fuel price in September and a tapering off of food inflation in the coming months, Investec chief economist Annabel Bishop says that there is currently the potential for slightly lower inflation this year...
Households in South Africa could be in for some respite in the coming months as petrol and food prices are set to cool off, according to the Bureau for Economic Research (BER).
Global food prices declined the most since 2008 after concerns over supplies of grains and vegetable oils eased as Ukraine moved toward restarting exports, Bloomberg reports.
Investec's remuneration committee has proposed covering the personal security costs of its top executives in South Africa amid a rising crime rate.
The rand has continued to chip away at the dollar in recent sessions, with market concerns that the US Federal Reserve will slow the pace of its interest rate hikes, putting pressure on the greenback.
Chief economist Investec, Annabel Bishop says that South Africa is in line for a cut in the petrol price of nearly R2.00 per litre in August given the drop in the international gasoline price.
Economic indicators for the second quarter show that household finances are under increasing pressure, and this is expected to persist over the remainder of the year and 2023, suppressing economic growth as the South African Reserve Bank (SARB) quicken...
The upcoming months for the rand are expected to be tough as load shedding takes its toll on international investment into South Africa.
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