South Africa’s inflation in November 2024 increased slightly to 2.9% year-on-year (y/y), up from 2.8% in October, but still well below the Reserve Bank’s target range of 3.0%. This outcome was better than FNB’s forecast of 3.2% and market expectations…
South Africa’s 2024 Tax Statistics report, jointly released by the National Treasury and the South African Revenue Service (SARS), revealed a record net tax revenue of R1.7 trillion for the 2023/24 fiscal year, marking a 3.2% increase from the previous…
South Africa’s mining and manufacturing sectors showed signs of resilience in October, despite mixed performance figures that signal a challenging economic environment. Mining output grew by 1.4% year-on-year (y/y) in October, a marked slowdown from the 4.9% recorded in September.…
In a decisive move to address the economic challenges facing South Africa, Finance Minister Enoch Godongwana has unveiled the 2024 Medium Term Budget Policy Statement (MTBPS), projecting real GDP growth at a modest 1.1% for 2024, with an average of…
