Search results
Results from the WOW.Com Content Network
South African inflation surged to a 13-year high in June, data showed on Wednesday, moving further away from the central bank's target the day before an interest rate announcement. Headline ...
In November 2021 inflation in the United States was 14.9% for durable goods, compared to 10.7% for consumable goods and 3.8% for services. [14] Similar situations occurred in several other major economies. Supply chain stresses increased prices for commodities and transportation, which are cost inputs for finished goods. [14]
In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. [37] In 2021, South Africa-based financial institutions managed more than US$1.41 trillion in assets. [38] The total market capitalization of the Johannesburg Stock Exchange is US$1.28 trillion as of October 2021. [39]
South Africa has a sizable automotive industry, which is largely export-oriented. [1] The sector employs approximately 110,000 South Africans. [3] Due to the Covid-19 pandemic, exports and production for the county's automotive industry fell by about one-third, and the industry's proportion of South Africa's total gross domestic product (GDP) fell from 6.4% to 4.9%. [1]
South African workers have demonstrated against the country's rising cost of living, including record-high fuel prices and increased costs for basic foods. South African workers march in capital ...
The South African Reserve Bank (SARB) raised its main lending rate on Thursday in a "measured" move it said should tame inflation risks, the second consecutive hike after slashing rates early in ...
7 January – COVID-19 pandemic in South Africa: Health Minister Zweli Mkhize announces that South Africa will receive one million doses of Oxford–AstraZeneca vaccine in January and 500,000 in February. 1.25 million health workers will be prioritized. SA has confirmed 1.1 million infections and 31,368 deaths.
Morgan Stanley's economics team moved up their core PCE inflation forecast for December following the release. The firm now believes prices increased 0.23% month over month in December, up from ...