Category: Economy
-
Food prices edge higher despite overall inflation cooling to 4.4%
Inflation for food and beverages edged higher in August, breaking an eight-month downtrend, according to data released by Statistics SA on Wednesday. Consumer inflation slowed overall to 4.4%. This is the lowest it has been since April 2021. Annual food and non-alcoholic beverages inflation accelerated to 4.7% in August, up from 4.5% in July. The…
-
Not all fun and games: Online sports betting boosts gambling revenues to record highs
South Africa’s gambling industry generated R47.2-billion in revenue in the last financial year, the highest amount ever recorded. This record growth is being driven largely by online betting, which accounted for more than half the revenue, according to the National Gambling Board’s most recent annual report. South Africans placed R418-billion worth of bets last year,…