Quarterly Report | Q4 ’23
Introduction
Local equity markets had a negative month during October, as global factors had a significant impact on emerging markets sentiments. Loadshedding was substantially lower during the fourth quarter of 2023, as several power units came back online. Consumers are also under pressure due to higher interest rates and are therefore pulling back on credit extension and consumption. Headline inflation has surged on the back of higher food prices, while core inflation remains close to the midpoint of the target range. The South African elections will play a relevant role in 2024, but the uncertainty thereof is putting pressure on investor confidence.
Previous Reports
Quarterly Report | Q1 ’25
The South African Reserve Bank (SARB) decreased interest rates by 25 basis points at the January Monetary Policy Committee (MPC) meeting.
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