AA - March 2022

Good news for banks in South Africa – 25 March 2022

A recent analysis of South Africa’s major banks by financial services firm PwC shows that banks delivered a strong financial performance in the 2021 financial year with a 99% increase in headline earnings against the prior year…

SARB rate climbs even higher as inflation skyrockets – 24 March 2022

In his statement, SARB Governor Lesetja Kganyago noted that inflation prices pose upside risks to the short-term inflation outlook. Even as the economic impact of the pandemic fades, the outbreak of war in February between Russia and Ukraine is expected to reduce global economic growth and contribute to higher inflation…