Category: Economy
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SA inflation down for second consecutive month
The consumer price index (CPI) recorded an annual increase of 5,2% in April, down from 5,3% in March and 5,6% in February. Housing & utilities, miscellaneous goods & services, food & non-alcoholic beverages (NAB) and transport were the main drivers behind the headline rate in April.
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Durban harbour delays 2-4x longer than other major ports
Ships avoiding attacks on commercial vessels in the Red Sea are sailing past the Cape of Good Hope. Neither Cape Town nor Durban have seen an uptick in ships docking to refuel. One reason why ships bypass Durban is because of how congested it is. In mid-April, the average wait time was 4 days, according to Portcast, which tracks global…
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Shell’s divestment from SA follows global energy trends
Although Shell plans to sell off its service stations and refinery, it will retain its explorative and extractive activities in the Karoo and off the Wild Coast.
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Electric vehicle sales in SA lack spark
South Africa is way behind countries such as the UK when it comes to sales of electric vehicles. Although the countries have similar-sized populations – 60-million for South Africa and 67-million for the UK – the latter sold hundreds of thousands more EVs last year. South Africa only sold 1,080 electric vehicles in 2023, according…
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South Africa’s ports miss the boat as ships reroute via the Cape
Attacks to commercial ships in the Red Sea have led to companies rerouting their vessels around the Cape of Good Hope to avoid the Suez Canal.
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One-third of SA’s credit holders are battling to repay debt
Although at least 10-million South Africans are at least three months behind on their repayments, the appetite for credit remains high.
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How Shoprite is outpacing Pick n Pay in almost every race
Two decades ago, two of South Africa’s biggest retailers were almost on a par. We take a look at the metrics to see what has changed since then.
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R25.42/hour: Making ends meet on a minimum wage
Paying for basic services such as transport and electricity can swallow up 60% of a minimum wage, leaving about R1,560 for food and other expenses.
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Booked up: Airbnb in Cape Town
As large numbers of properties are turned into short-term rental accommodation for visitors, housing options for local residents decrease.
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Botswana to sell more of its own diamonds under new deal with De Beers
Half of the world’s diamonds come from Africa, but Botswana, the continent’s top producer, didn’t own much of what it mined, until now.