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DBSA has cautioned that the Middle East conflict threatens growth.
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DBSA has cautioned that the Middle East conflict threatens growth.
The second half of the year saw consumers with less money to spend while Woolworths' operating costs increased.
High interest rates also did the bank no favours, as it recorded 'moderate growth' in its home loan portfolio.
Economists remain hopeful that the end of the period of interest rate hikes is near
Rate path hinges on a ceasefire in the Middle East and how quickly oil prices come down, economists say.
As conflict disrupts traditional travel routes and increases costs in the Middle East, South Africa and other parts of Africa are positioning themselves as compelling alternatives.
'The SARB will pursue its new 3% inflation target, but if the war ends relatively soon, the bank may not have to hike interest rates.'
Consumers should spend money cautiously this Easter as the Middle East conflict continues to weigh on South Africa's economic outlook.
Governor Lesetja Kganyago warned the ongoing Middle East war could interrupt the country's growth recovery.
If inflation and economic challenges outpace salary growth, real incomes could shrink as the year progresses.
When Brent crude oil spikes, petrol prices follow within weeks. That means higher transport, food and retail costs.
Four refineries are either offline or shut down, leaving SA massively dependent on imports at a time when war is raging in the Middle East.
Increasing petrol prices could hurt many small businesses.
The conflict in the Middle East has pushed oil to prices last seen in 2022.
FlySafair said the temporary fuel surcharge will be reduced or removed once market conditions improve.
Global shipping companies such as Maersk and Hapag-Lloyd were among the first to reroute their vessels for safety.
Gold and PGMs form a meaningful part of South Africa's export basket.
Emerging market volatility peaks amid the Middle East crisis, which saw Brent crude jump almost 25% to $115 a barrel overnight from Sunday.
In the wake of the Middle East conflict, and if the current 'massive' under-recovery in the petrol and diesel price remains ... or worsens.
Analysts predicted two interest rate cuts this year. However, this outlook is not looking likely at this stage.
The ripple effects of the escalating Middle East conflict are beginning to surface in global supply chains.
Global shipping companies are rerouting vessels amid escalating Middle East conflict.
South Africa imports all of its oil. The country pays in dollars, but uses the rand.