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In January 2009 Statistics South Africa changed the naming and composition of headline CPI measures, effectively replacing CPIX as the measure for government inflation targeting. The weighting of items in the basket was also changed, with certain items excluded and new items introduced, and a broader range of prices are collected for individual ...
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]
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 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 ...
Prices of everyday items are 21% higher than they were in 2021. (Over a typical four-year period, prices tend to rise just under 10%, BLS data shows). Inflation has slowed significantly since ...
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.
A blowout earnings report from AI darling Nvidia sent stocks to record highs last week.New inflation data will test that rally in the coming days. The S&P 500 and Dow Jones ended the week up about ...
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]