BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Topic

South Africa's economy

South Africa's fiscal deficits declining ‘faster than expected’: S&P Global

South Africa's fiscal deficits declining ‘faster than expected’: S&P Global

Published 03 Jun, 2021 08:08pm
  • S&P affirmed South Africa's sovereign rating of BB-, or three notches below the investment grade, and kept a stable outlook.
  • S&P trimmed its own forecasts, seeing the budget deficit at 11.2% in the fiscal year ended in March and at only -8.9% in 2021/22. It sees debt-to-GDP at 80.9% in 2021.
South Africa's retail sales up 2.3pc year on year in February

South Africa's retail sales up 2.3pc year on year in February

Published 14 Apr, 2021 05:18pm
  • Retail sales rose 2.3% year on year in February following a revised 3.7% contraction in January. On a monthly basis sales were up 6.9%, but were down 0.9% and in the three months since December.
  • The food and beverages category showed the biggest turnaround, expanding 8% after contracting a 32.3% contraction in January.
South Africa's rand down in early trade

South Africa's rand down in early trade

Published 12 Apr, 2021 02:18pm
  • Recent demand for emerging-market currencies has been driven by weakness in the US dollar and Treasury yields after minutes from the US central bank's latest meeting showed it was in no hurry to tighten monetary policy.
South Africa's rand holds gains as dollar slips

South Africa's rand holds gains as dollar slips

Published 06 Apr, 2021 11:47am
  • Rand traded at 14.5600 against the US dollar, largely unchanged from its previous close. The currency hit a five-week high of 14.5250 on Monday.
  • In fixed income, the yield on the benchmark government bond due in 2030 was down 3 basis points at 9.535% in early deals.
South Africa's rand recovers, stocks rise

South Africa's rand recovers, stocks rise

Published 29 Mar, 2021 09:32pm
  • The domestic currency will remain erratic, swinging rapidly both stronger and weaker, as global market events continue to impact its direction.
  • Stocks surged on Monday extending a massive gain seen on Friday as hopes of a faster local economic recovery added on to positive global cues.
South Africa's record low lending rates ‘won't last forever’

South Africa's record low lending rates ‘won't last forever’

Published 26 Mar, 2021 05:53pm
  • "Interest rates are negative in real terms. That is the 3.5% is below projected inflation. That is reflective of an accommodative stance. It can't continue forever," Kganyago said.
  • "At some stage the savings pool will say: No, this is favouring borrowers over us, the savers, and they will re-price you.
South Africa's rand firms after CPI data, stocks down

South Africa's rand firms after CPI data, stocks down

Published 24 Mar, 2021 09:14pm
  • The currency rallied to a session best of 14.7550 earlier after Statistics South Africa said consumer inflation slowed to 2.9% in February, its lowest in eight months, dipping below the central bank's target range just a day before the regulator decides on lending rates.
  • "We think that the repo rate will remain unchanged at 3.50% for longer than most currently anticipate," said Virág Fórizs, Africa economist at Capital Economics.
South Africa's central bank to hold repo at record low through 2021

South Africa's central bank to hold repo at record low through 2021

Published 18 Mar, 2021 06:06pm
  • The economy contracted 7.0% last year despite the Reserve Bank cutting interest rates by a cumulative 300 basis points to counteract the damage caused by pandemic-led lockdowns.
  • All but one economist out of 25 polled in the past week said the Reserve Bank would hold interest rates at 3.5%. The lone voice predicted a 25 basis points cut next week.
South Africa's rand steadies as Fed verdict looms, stocks fall

South Africa's rand steadies as Fed verdict looms, stocks fall

Published 17 Mar, 2021 08:45pm
  • "Today's FOMC meeting is perhaps the most crucial in the last six months," RMB analyst Nema Ramkhelawan-Bhana said in a note.
  • "For markets, the most important outcome relates to the Fed's view on rising treasury yields. It is the uncertainty surrounding these issues that has engendered mixed trade on international markets."
Loading...