Figures released by Stats SA show October headline CPI rising to 6%, above market expectations. Stanlib economist Kevin Lings notes that for 2010 as a whole, SA CPI inflation averaged a very respectable 4.3%y/y, but is “clearly trending higher and is expected to rise above 6.5% in the coming months. In addition, inflation could struggle [...]
Tag Archives | inflation
Inflation on an upward trend
The latest inflation figures for July again showed an increase. The annual CPI rate rose to 5.3% in July 2011. According to Stanlib economist Kevin Lings this large increase was higher than market expectations, and CPI is “clearly trending higher.” One of the significant prices increase in July came from electricity and another was water. [...]
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Above-inflation wage increases create a double whammy for workers
By Kevin Phillips, MD, idu Software Unemployment is perhaps the single biggest challenge facing South Africa: Without jobs, people slip into a vicious cycle of poverty and dependency that is very hard to break. So businesses are under constant political and social pressure to “create jobs”. But there’s no magic wand that will create [...]
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Very modest rise in inflation
April CPI as measured by Stats SA came in at 4.2%. In their BJM Express Newsletter, BJM say that this figure was below the consensus forecast of 4.4%, and slightly up on March’s reading of 4.1%. “On a monthly basis, inflation increased 0.3% of which the transport category and specifically petrol made the biggest contribution.” [...]
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Rates unchanged – inflation risk rises
Unanimous – rates unchanged and upside risks. This was from SA Reserve Bank Governor Gill Marcus responding to a question after the MPC Policy statement was announced. Rates remain at low levels (5.5% repo rate) but the inflation risks are on the up. While the Governor acknowledged the need to act timeously on the inflation [...]
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CPI comes in at 4.1% for March
The official headline March CPI number for SA was 4.1%. This is slightly up from 3.7% in February. According to Stanlib economist Kevin Lings there were a number of key factors impacting inflation in March. “This included a large 1.4%m/m increase in food prices, a 3.7%m/m rise in alcoholic beverage costs, a 1.5%m/m increase in [...]
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SA recovery on track despite global shocks
South African consumers can find some reassurance in the fact that, despite the serious shocks seen around the globe in the first quarter of the year, the economic recovery underway in South Africa is still on track and growth prospects remain positive, according to Johann Els (pictured), senior economist at Old Mutual Investment Group SA [...]
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Upside risk to inflation but no change in interest rates
The latest Monetary Policy Committee (MPC) meeting ended today (24 March 2011) and in a statement this afternoon Governor of the South African Reserve Bank Gill Marcus said that “the MPC has decided to keep the repurchase rate unchanged at 5,5% per annum for the time being. Given the significant upside risks to the inflation [...]
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CPI unchanged at 3.7%
Stats SA released CPI figures for February on Wednesday (23 March 2011). CPI for February was measured at 3.7% The headline CPI (for all urban areas) annual inflation rate in February 2011 was 3,7%. This rate was unchanged from January 2011, said Stats SA. On average, prices increased by 0,7% between January 2011 and February [...]
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Tax Guide 2012
Latest Issue - 30 April 2012
In This Issue:
- Local and offshore ETFs
- Why stock selection is key
- Medical Survey - the cost of healthcare
- New player in life insurance market
Newsletters
Newsletter 17 May 2012: Lump sum versus debit order, 3 essentials for a confident investor
In today’s newsletter we look at investing with a lump sum or regular contributions – how do they stack up against each other? We also share three investment tips to cope with uncertainty. Being right about muddle-through hasn’t made investing any easier Most predicted that politically and often economically the year 2012 would be a [...]
