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Yet, South Africa’s headline inflation has moderated to 6.2% year over year (YoY) in the first quarter of 2023, from a peak of 7.63% YoY in Q3 2022. 7 At the time of writing, the latest inflation print for September 2023 showed an increase to 5.4%, from 4.8% in August 2023, with the key contributors being food, housing and utilities, and ...
Nov 26, 2023 · Based on the answers of hundreds of people, three key drivers look set to affect the country over the next decade and beyond. We live in a global reality with many moving parts and intersecting ...
- Somadoda Fikeni
SDGs, further signifies a more robust approach to monitoring its fulfilment in South Africa. The SDG 2023 report outlines some of South Africas achievements that should be applauded and sustained. Additionally, it forms a strong base for the countrys Voluntary National Review and Voluntary Local Review reports.
Jul 26, 2023 · In his State of the Nation Address at the beginning of the year, South Africa’s President Cyril Ramaphosa identified the cost-of-living crisis as one of the country’s top four challenges for 2023. 1 Given that household consumption is a key component of the country’s overall expenditure (accounting for about two-thirds of GDP in the first quarter of 2023), ongoing pressure on households ...
- Simon Schaefer
6 days ago · As a result of its high disease burden, South Africa’s 2023 rates of infant mortality, a good general indicator of the health sector as a whole, are almost 30% higher than the average for UMICs in Africa (32.2 vs 24.8 per thousand live births) and above even those for Botswana and Nambia, both of which also carry a large HIV/AIDS burden and also have very high levels of inequality.
Apr 19, 2023 · For the first time since headline inflation reached a 13-year high of 7.8% in July 2022, headline inflation recorded a slight increase in February, from 6.9% YoY in January 2023 to 7% that month, reflecting sticky food prices (increasing by 13.6% over the past year) and price pressures exerted by loadshedding. 15.
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South Africa. GDP growth is projected to slow to 0.7% in 2023 before increasing by 1% in 2024 and 1.2% in 2025. Investment in machinery and equipment for energy production will remain strong, despite tighter financing conditions. Net exports will weigh on growth as most machinery and equipment are imported and external demand has weakened.
