Cape Town – South Africa’s headline consumer price inflation (CPI) eased to 4.0% in February, down from 4.4% in January 2018, according to official figures. On average, prices increased by 0.8% between January 2018 and February 2018, Statistics SA announced on Tuesday.
The SA Reserve Bank meanwhile also announced that the current account deficit has widened to 2.9% of GDP in the fourth quarter of 2017. TreasuryONE said in a snap note on Tuesday morning that the inflation print leaves the door open for the SARB to cut interest rates at next week's Monetary Policy Meeting.
Increased inflation implies increase in the general overall of prices of all goods and that consumers have less buying power than before the insertion of the inflation. Government policies have to be employed to ease the effect of inflation in the economy as a whole. So the decrease in the consumer inflation is a very good thing
To find more details go to:
https://m.fin24.com/Economy/sa-consumer-inflation-eases-to-4-20180320
Wednesday, 21 March 2018
Thursday, 15 March 2018
Sisulu demands retraction from Australian govt on land redistribution comments
Cape Town - Minister of International Relations and Cooperation Lindiwe Sisulu on Thursday issued a diplomatic demarche - or course of action - to Australian High Commissioner in SA Adam McCarthy, to demand a retraction of the comments made by their home affairs minister Peter Dutton, over the SA land redistribution process. "It was communicated to the high commissioner [in a meeting on Thursday] that the South African government is offended by the statements which have been attributed to the Australian home affairs minister and a full retraction is expected," spokesperson Ndivhuwo Mabaya said.
"The high commissioner, who was accompanied by his deputy high commissioner, undertook to immediately communicate with the Australian government to convey the message from the minister and South African government." News24 on Wednesday reported that Dutton was quoted in the Australian media saying that his department was looking into methods that would facilitate the fast-tracking of visas for white South African farmers who want to relocate to that country.
Dutton, who also holds the ministerial post for immigration and border protection, told The Guardian that white South African farmers "deserve special attention" because of the "horrific circumstances" of land seizures and violence in the country.
To find out more :
https://m.news24.com/SouthAfrica/News/sisulu-demands-retraction-from-australian-government-on-land-redistribution-comments-20180315
"The high commissioner, who was accompanied by his deputy high commissioner, undertook to immediately communicate with the Australian government to convey the message from the minister and South African government." News24 on Wednesday reported that Dutton was quoted in the Australian media saying that his department was looking into methods that would facilitate the fast-tracking of visas for white South African farmers who want to relocate to that country.
Dutton, who also holds the ministerial post for immigration and border protection, told The Guardian that white South African farmers "deserve special attention" because of the "horrific circumstances" of land seizures and violence in the country.
To find out more :
https://m.news24.com/SouthAfrica/News/sisulu-demands-retraction-from-australian-government-on-land-redistribution-comments-20180315
Forex-Dolla Pushes Higher but Soft Inflation, Tillerson Firing Weigh

Investing.com - The dollar pushed higher against the other major currencies on Wednesday, but gains were checked by tepid inflation data and concerns over political instability in the wake of the sudden firing of U.S. Secretary of State Rex Tillerson. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged up to 89.77 by 04:40 AM ET (08:40 AM GMT).
The index ended the previous session lower after the Labor Department reported Tuesday that U.S. consumer price inflation remained muted in February, indicating that the Federal Reserve is likely to stick to a gradual pace of rate hikes this year, the inflation data came after last week jobs report showed tepid wage growth, easing concerns over a faster than expected pickup in inflation.
Th dollar came under additional selling pressure after U.S. President Donald Trump fired Secretary of State Rex Tillerson on Twitter on Tuesday, replacing him with Central Intelligence Agency Director Mike Pompeo.The news undermined investor confidence in the U.S. currency.
For more information visit:

https://m.investing.com/news/forex-news/forex--dollar-pushes-higher-but-soft-inflation-tillerson-firing-weigh-1340607
Investing.com - The dollar pushed higher against the other major currencies on Wednesday, but gains were checked by tepid inflation data and concerns over political instability in the wake of the sudden firing of U.S. Secretary of State Rex Tillerson. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged up to 89.77 by 04:40 AM ET (08:40 AM GMT).
The index ended the previous session lower after the Labor Department reported Tuesday that U.S. consumer price inflation remained muted in February, indicating that the Federal Reserve is likely to stick to a gradual pace of rate hikes this year, the inflation data came after last week jobs report showed tepid wage growth, easing concerns over a faster than expected pickup in inflation.
Th dollar came under additional selling pressure after U.S. President Donald Trump fired Secretary of State Rex Tillerson on Twitter on Tuesday, replacing him with Central Intelligence Agency Director Mike Pompeo.The news undermined investor confidence in the U.S. currency.
For more information visit:

https://m.investing.com/news/forex-news/forex--dollar-pushes-higher-but-soft-inflation-tillerson-firing-weigh-1340607
Tuesday, 13 March 2018
VAT hike may affect inflation and salary increases: Reserve Bank
As part of the annual budget speech, former finance minister Malusi Gigaba confirmed that there will be a rise in the effective VAT rate – from 14% to 15% – from 1 April 2018. This, combined with other changes such as an increase in the fuel levy, has given rise to fears that the inflation rate and interest rates will both take a knock.
Speaking to Reuters on Tuesday (13 March), Brian Kahn, one of the Reserve Bank’s top policymakers said that the central bank expects the hike in VAT to lift inflation by around 0.6 percentage points over the coming year, though it doesn’t expect to raise interest rates in response. "With inflation targeting, you try and look through exogenous shocks, particularly temporary ones and this is a one off," Kahn told Reuters on the sidelines of investor meetings in London, "there may be a few second round effects, it may affect wage increases in the following years, so we expect a moderate, very small increase in the following year as a result of that".
But it is something that can not be reacted to by raising rates. This rise in VAT is a big problem almost to everyone since it is going to also affect fuel prices , food prices.
For more information:
https://businesstech.co.za/news/finance/231273/vat-hike-may-affect-inflation-and-salary-increases-reserve-bank
Speaking to Reuters on Tuesday (13 March), Brian Kahn, one of the Reserve Bank’s top policymakers said that the central bank expects the hike in VAT to lift inflation by around 0.6 percentage points over the coming year, though it doesn’t expect to raise interest rates in response. "With inflation targeting, you try and look through exogenous shocks, particularly temporary ones and this is a one off," Kahn told Reuters on the sidelines of investor meetings in London, "there may be a few second round effects, it may affect wage increases in the following years, so we expect a moderate, very small increase in the following year as a result of that".
But it is something that can not be reacted to by raising rates. This rise in VAT is a big problem almost to everyone since it is going to also affect fuel prices , food prices.
For more information:
https://businesstech.co.za/news/finance/231273/vat-hike-may-affect-inflation-and-salary-increases-reserve-bank
Tuesday, 6 March 2018
Cape Town businessman arrested for wife's murder
The husband of murdered Cape Town secretary Gill Packham appeared briefly in the Wynberg Magistrate's Court on Monday. Rob Packham‚ 57‚ was arrested on Friday‚ about a week after Packham's charred body was discovered in the boot of her burnt out BMW. He is facing a charge of premeditated murder and the state has opposed bai.
Packham was declared missing by a family member on February 22 after she left home in her green BMW at 7am to go to work at the Springfield Convent School in Wynberg‚ Cape Town. She worked as a secretary at the school but she never arrived for work that day.
The body of a woman was found in the back of a burning car behind the Diep River railway station by police that evening and DNA results confirmed that it was Packham.
The issue of men killing their wives appear to be a habit in RSA and the court is doing great by not allowing bail on this.
To get more information go to:
https://www.times live.co.za/news/south-africa/2018-03-05-cape-town-businessman-arrested-for-wife's-murder
Packham was declared missing by a family member on February 22 after she left home in her green BMW at 7am to go to work at the Springfield Convent School in Wynberg‚ Cape Town. She worked as a secretary at the school but she never arrived for work that day.
The body of a woman was found in the back of a burning car behind the Diep River railway station by police that evening and DNA results confirmed that it was Packham.
The issue of men killing their wives appear to be a habit in RSA and the court is doing great by not allowing bail on this.
To get more information go to:
https://www.times live.co.za/news/south-africa/2018-03-05-cape-town-businessman-arrested-for-wife's-murder
Monday, 5 March 2018
Gigaba's fury at 'denial of birthright' by Engcobo church
Minister of Home Affairs Malusi Gigaba has slammed the Mancoba Seven Angels Ministry in Engcobo for forbidding its members from having identity documents, and not allowing children to have birth certificates.
Gigaba announced that the home affairs department had issued a directive to its provincial office to visit the area and to initiate an audit of the church members' paperwork.
Here on this story Mr Gigaba is protecting members of the community. He is right everyone must have an Identify document and children should have certificates. Depriving citizens not to have certificates and IDs is against the constitutional law.
For more information visit:
https://www.timeslive.co.za/politics/2018-03-05-gigabas-fury-at-denial-of-birthright-by-engcobo-church
Gigaba announced that the home affairs department had issued a directive to its provincial office to visit the area and to initiate an audit of the church members' paperwork.
Here on this story Mr Gigaba is protecting members of the community. He is right everyone must have an Identify document and children should have certificates. Depriving citizens not to have certificates and IDs is against the constitutional law.
For more information visit:
https://www.timeslive.co.za/politics/2018-03-05-gigabas-fury-at-denial-of-birthright-by-engcobo-church
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