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The beginning of the third quarter saw the South African Reserve Bank (SARB) pause interest rate hikes, as inflation continued to fall.

The South African economy remained under pressure from persistent loadshedding during the second quarter of 2023.

The South African economy remained under severe pressure from persisting loadshedding during the first quarter of 2023.

The South African medium-term budget during October received a positive reaction from markets. This was mainly due to expected strong revenue over runs along with fiscal discipline.

During the third quarter of 2022, South Africa experienced a record length of consecutive loadshedding.

The second quarter of 2022 was highlighted by a decrease in South African investor confidence due to ongoing loadshedding, labour strikes and increasing fuel prices.

The first quarter of 2022 was dominated by the ongoing war in Ukraine and the actions of central banks to curb the impact of inflation.