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March 2022

Sarb Increases Repo Rate To 4.25%

25 March 2022 – The repo rate of the South African Reserve Bank (Sarb) will increase to 4.25%, bank governor Lesetja Kganyago announced on Thursday, after raising the rate by 25 basis points. Following the conclusion of the bank’s March Monetary Policy Committee (MPC), the committee opted not to go for an even higher repo

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January Retail Sales In The Country Surge By 7.7% To R76.9 Billion As Sector Recovers

18 March 2022 – THE BUYING power of South African shoppers could shrink slightly this year as prices of consumer goods continue rising, reversing an impressive growth in retail sales, which started the year on a positive note. According to data from Statistics South Africa (StatsSA), retail trade sales surged by 7.7 percent year-on-year in

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SA’s Citrus Industry Is Keeping A Close Eye On The Russian-Ukraine Conflict

17 March 2022 – AS no fresh produce has been shipped to the Russian market over the past few weeks by most countries, early shipments of lemons destined for this market have been impacted, according to the Citrus Growers Association (CGA). Justin Chadwick, CGA’s chief executive, said in a weekly newsletter on Friday that should

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