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Ntando Thukwana

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Johannesburg
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South Africa economy/government financial journo for @business | hopeless tea guzzler | RT ≠ endorsement
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Articles

South African Inflation Surprise Builds Case for Holding Rates Original

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By Ntando Thukwana Verified
| Bloomberg News Verified
Bloomberg (Bloomberg) -- South African annual inflation eased more than expected in July, hardening the argument for the central bank to keep interest rates on hold as it assesses the fallout from the Iran war. Consumer prices rose 4.3% compared with 5% in June, Pretoria-based Statistics South Africa said in a statement on its website Wednesday. That was slower than the median estimate of 4.5% in a Bloomberg survey of 18 economists. Month-on-month inflation rose 0.2%, compared with 0.7% in June.
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South African business confidence edges higher amid war headwind

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By Ntando Thukwana Verified
| Moneyweb Verified
South African business confidence improved sightly in July, though the economy continues to be affected by inflationary pressures stemming from the Iran war, the country’s main commerce chamber cautioned. A measure of sentiment compiled by the South African Chamber of Commerce and Industry increased to 125.4 from 123.5 in June, it said in an emailed statement Tuesday.
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South Africa Proposes Sweeping Changes to Power-Price Framework

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By Ntando Thukwana Verified
| Bloomberg News Verified
Photographer: Waldo Swiegers/Bloomberg (Bloomberg) -- South Africa proposed sweeping changes to its electricity-tariff framework, the biggest overhaul of its pricing policy in almost two decades. The plan includes introducing a 10-year pricing forecast, unbundled tariffs, and extending its negotiated pricing agreement program to sectors beyond the mining industry, Electricity Minister Kgosientsho Ramokgopa told reporters in the capital, Pretoria, on Tuesday.
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