Economist at NKC African Economists, Elize Kruger, expects inflation to remain unchanged as Stats SA prepares to release the consumer prices inflation number for May 2019 on Wednesday.
South African Airways (SAA) says it currently has outstanding debt of over R20 billion. Board member Martin Kingston says it is clear that SAA has unsustainable levels of debt.
Economists in Zimbabwe’s say inflation rate has hit 290%- the second highest in the world after Venezuela.
Analysts expect the South Africa Reserve bank to keep rates unchanged when it makes its decision on interest rates later this week.
South Africa’s Reserve Bank will leave interest rates at 6.75 percent on Jan. 17, all 27 economists polled by Reuters in the past four days said, but rising inflation means it is likely to hike them in May.