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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 ...
21 October- The 2021 South African metalworkers strike ends, with workers represented by the National Union of Metalworkers of South Africa winning a 5-6% annual pay increase 22 October - Following a high-profile trial ex-police officer Nomia Rosemary Ndlovu is convicted of murdering five relatives and her boyfriend over several years.
While most countries saw a rise in their annual inflation rate during 2021 and 2022, some of the highest rates of increase have been in Europe, Brazil, Turkey and the United States. [ 120 ] [ 121 ] By June 2022, nearly half of Eurozone countries had double-digit inflation, and the region reached an average inflation rate of 8.6%, the highest ...
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
10 March – Acting Chief Justice Raymond Zondo is appointed Chief Justice of South Africa with effect from 1 April 2022. 16 March – President Cyril Ramaphosa recognised Prince Misuzulu Zulu as the King of AmaZulu nation in South Africa after a long court battle. [5] 19 March – Dr Esther Mahlangu was attacked at her homestead. The attacker ...
In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. [34] In 2021, South Africa-based financial institutions managed more than US$1.41 trillion in assets. [35] The total market capitalization of the Johannesburg Stock Exchange is US$1.28 trillion as of October 2021. [36]
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]
In 2021–2022, most countries experienced a considerable increase in inflation, peaking in 2022 and declining in 2023. The causes are believed to be a mixture of demand and supply shocks, whereas inflation expectations generally seem to remain anchored (as per May 2023). [101]