Statistics South Africa has published its latest consumer price index, showing that annual headline inflation has climbed above the 4.5% midpoint of the South African Reserve Bank’s monetary policy target range, accelerating to 5.2% in May from 4.4% in April. Source: BusinessTech
Consulta has published its latest Consumer Satisfaction Index (SAcsi) for the short-term insurance industry, showing which insurers are the best at keeping their customers happy. Source: BusinessTech
Asset manager Mercer has published its cost of living city ranking, showing the most expensive places for expats to live in around the world. Source: BusinessTech
South Africa’s largest health club chain Virgin Active says that although it has shown resilience through the coronavirus crisis, membership has decreased over the past year. Source: BusinessTech
The rise in South Africa’s inflation rate to a 30-month high is unlikely to bring forward an interest-rate hike as the central bank had forecast a second-quarter spike in price growth. Source: BusinessTech
The prospect of a harder lockdown in South Africa could see it lose out on potential Northern hemisphere travel and tourism in the coming weeks – while international travel suspensions and restrictions remain in place as the country gets hit by a third wave of infections. Source: BusinessTech
Annual headline inflation climbed above the 4.5% midpoint of the South African Reserve Bank’s monetary policy target range, accelerating to 5.2% in May from 4.4% in April, data from StatsSA shows. Source: BusinessTech
Home Affairs minister Aaron Motsoaledi says that his department will ramp up services in the coming months in preparation for the local government elections. Source: BusinessTech
Civil society, business groups and opposition parties have raised concerns around proposed changes to the Promotion of Equality and Prevention of Unfair Discrimination Act (PEPUDA) which they warn will unfairly harm businesses in South Africa. Source: BusinessTech
Ramaphosa is concerned about the rising number of Covid-19 and that government will meet this week to discuss restrictions. Source: BusinessTech
