Investors continue to mull mixed signals from the US Federal Reserve, continuing concerns about monetary policy tightening and a possible recession in the world’s largest economy
The BoE has spooked everyone by forecasting a peak in the rate above 13% this northern hemisphere autumn
Judge provided a temporary interdict against seizures until the industry’s internal appeal against the department’s decision that some labels are unlawful is complete.
The finance minister says the allegations are ‘fashioned to achieve narrow and selfish political ends’
Business Day TV spoke to Standard Bank CEO Sim Tshabalala
Spending allocations to increase to R812bn for the next three years, says finance minister
Food Safety Agency tells retailers and food producers it will seize vegan products with names that it says are for meat
The referendums may be held as late as January because Russian troops haven’t taken full control of the areas the Kremlin seeks to claim as its own
Anrich Nortjé took three wickets in the space of 10 balls to rip through the heart of the English batting
The luxury champagne lounge and cocktail bar is serving up a decadent high tea
Rampant global inflation and rising interest rates may be the hot topic in financial markets but bond analysts say the potential negative effect of aggressive monetary tightening on SA’s economy could force local policymakers into a rates rethink.
While money market futures, which are used by traders to gauge the trajectory of future interest rates, suggest the Reserve Bank could raise its repo rate from 4.75% now to close to 7% in six months and around 7.75% in a year, fixed income analysts say those expectations are way too aggressive. One is even predicting that the impact of a possible US recession on a domestic economy already suffering from persistent power shortages could force SA policymakers to start reversing course on rate hikes as soon as the middle of 2023...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.