Since 2004, complaints have piled up against Hlophe. The list is filled with allegations you don't want a senior judge to face, writes Adriaan Basson.
Morning clouds. Cool.
South Africa’s inflation remained well below the midpoint of the central bank’s target range in December.
Zimbabwe's monthly inflation stood at 17.46% in November, shedding 21.29 percentage points on the October 2019 rate of 38.75%, according to ZimStat.
Economist Mike Schussler says low inflation is starting to affect the economy, as businesses such as retailers can't afford to increase prices even if their inputs go up.
According to figures released Friday by Zimstats, month-on-month inflation for October came out at 38.75%, more than double its September level of 17.72%.
The costs of bread and cereals rose by 8.5%.
The country is experiencing its worst economic crisis in a decade, recalling days of hyperinflation under Robert Mugabe.
Kganyago noted that economic activity remains weak.
Inflation for July eased to 4%. However, the SA Reserve Bank is likely to maintain a cautious stance before deciding to implement a rate cut, given the risk of a rating downgrade which still looms large.
A top business body, the Zimbabwe National Chamber of Commerce, said on Tuesday industry was ready for the new bank notes Finance Minister Mthuli Ncube says will be introduced soon - although a top economist argues that the struggling southern African country is not yet ready for a substantive currency of its own.
Zimbabwe will defer publication of year-on-year inflation until February next year due to the change in the currency regime, Finance Minister Mthuli Ncube told Parliament on Thursday.
The Reserve Bank's quarterly projection model signals two repo rate cuts of 25 basis points in 2020. However, this is a broad policy guideline which could change.
Retail sales for October lifted only slightly by 0.3%, showing that unemployment, low wage growth and indebtedness continued to undermine consumers’ appetite.
CPI, which measures changes in prices for a range of consumer products, was 3.7% in October,
Hyperinflation wiped out pensions a decade ago, but this time around, savers and fund managers are getting savvier.
Zimbabwe is now a hyperinflation economy, according to the Public Accountants and Auditors Board, which is mandated to regulate auditing and accounting standards in the southern African country.
A monthly consumer food basket tracked by the National Agricultural Marketing Council shows average year-on-year inflation of 4.1% – but the prices of some types of food rocketed far beyond that.
UK inflation has fallen to its lowest rate since the end of 2016, driven down by the price of computer games and clothing.
This is slightly lower than the projections of analysts, and within the target range of between 3% and 6% set by the SA Reserve Bank.
Zimbabwe’s finance minister responded to the country’s worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little power that’s available five-fold and admitting what the International Monetary Fund told him in April: the economy will contact for the first time since 2008.
The average cost of electricity for producers jumped by more than 30% in June as winter tariffs set in, an annual occurrence, according to Stats SA.
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