Hi Francois What are your interest rate expectations for the next few years? I’m especially interested in rate estimates till September 2011. Regards, Zafreen Hi Zafreen I wish I could say with certainty what will happen with the economy, inflation and interest rates over the next two years, but unfortunately the best I can do [...]
The latest interest rate cut by the SARB brings interest rates down to the lowest level they’ve been in 28 years. The prime interest rate is currently touching a 28-year low, which was equaled briefly in April 2005. Before that the last time South Africa had interest rates lower than what we have now was [...]
The SARB‘s monetary policy committee (MPC) announced today that they’ve decided to lower the repo rate by another 50 basis points. The latest rate cut brings the repo rate down to to 7.0% and the prime interest rate down to 10.5%. The move comes as a surprise to many economists who believed that no further [...]
The CPI and PPI inflation figures for June 2009 are out. The year-on-year headline CPI inflation rate for June 2009 is 6.9%, 1.1 percentage points lower than the figure for May 2009. PPI inflation also came in lower at -4.1%, also down 1.1 percentage points when compared to the figure for May 2009. You can [...]
I receive a lot of emails asking about the current inflation and interest rates. So I decided to create a few widgets. You can use these widgets if you want to display the current interest rates, inflation rates and/or GDP growth rates on your own blog or website. The widgets automatically fetch the latest figures [...]
In the end, all that remains is faith, hope and love. And the greatest of these is cash flow. One of my friends made this joke the other day. I found it amusing, because (shockingly so) it rings with truth. Bad financial planning is probably one of the leading causes of divorce, depression, destruction of [...]
A recession is a sustained economic decline. An economy is usually regarded to be in a recession if it experiences a decline in GDP for two consecutive quarters. Recession An economy that is in a recession is a shrinking economy. Recessions are usually accompanied by a decrease in production, a general fall in household income [...]
This page shows the current GDP (Gross Domestic Product) growth rate, as well as a graph and table of the GDP growth rates in South Africa, since 1993. swfobject.embedSWF(“/common/open-flash-chart/open-flash-chart.swf”, “chart_gdp_growth_rate”, “560″, “200″, “9.0.0″, “expressInstall.swf”, {“data-file”:”%2Fcommon%2Fcharts%2Frate_chart.php%3Fchart%3Dgdp_growth_rate_chart.php”} ); The current GDP growth rate is document.write(latest_gdp_rate);% (based on the GDP data for the quarter ending document.write(latest_gdp_rate_date);). The GDP [...]
A country’s gross domestic product (GDP) is the total value of all ‘final’ goods and services, that were produced within the borders of the country, during a year. Gross domestic product The equation used to calculate a nation’s gross domestic product is: GDP = consumption + gross investment + government spending + (exports − imports) [...]
Hi Francois I need to compare the official and actual inflation rates. Where do I find information about the actual inflation rate? And what’s the difference? Regards, Monica Hi Monica You ask a very interesting question. The official inflation rate in South Africa is calculated by looking at how the Consumer Price Index (CPI) changes [...]
