Facebook Pixel Market keeps eye on MPC rate decision this week | The Star - newspaper - Magzter.comでこの記事を読む

試す - 無料

Market keeps eye on MPC rate decision this week

The Star

|

July 28, 2025

IT WAS AN interesting week with the JSE All Share index hitting 100 000 points on Wednesday morning and the gold price breaking through $3 400 an ounce again. Internationally, US President Donald Trump announced trade deals with Japan and with the Philippines, and there are reports that the EU and US are nearing a deal.

- WALDO KRUGELL

In local news the Government of National Unity held together once more as the DA agreed to support the Appropriation Bill after President Cyril Ramaphosa dismissed Higher Education and Training Minister Nobuhle Nkabane. On Thursday, Trade, Industry, and Competition Minister Parks Tau said that a “condition precedent document” has been signed as a precursor to finalisation of the trade negotiations with the US, but little details were available. It was reported that the Framework Deal aims to resolve longstanding market access issues that both sides are interested in and to promote bilateral investments in a mutually beneficial manner. It is unlikely that South Africa and the US will reach an agreement by the 1 of August, when 30% tariffs kicks-in.

The key local indicator was the June Consumer Price Index (CPI) inflation figure released on Wednesday. The inflation rate rose from 2.8% to 3%. The main driver was higher food prices, while lower year-on-year fuel prices helped to counter the increase. The inflation rate remains safely below the midpoint of the Reserve Bank's target band, and markets are still expecting one more 25 basis point cut to the repo rate this year. But will it happen at Thursday's Monetary Policy Committee (MPC) meeting?

The Star からのその他のストーリー

The Star

The Star

New Order Investments responds to non-cooperation claims in Ormonde building collapse

NEW Order Investments (Pty) Ltd, the developer of the building that collapsed on Monday in Ormonde, south of Johannesburg, has publicly refuted reports asserting the owners’ noncooperation with the ongoing investigation.

time to read

2 mins

March 05, 2026

The Star

Carjackings drop 8.1%, while Gauteng remains the epicentre

THE latest crime statistics for the final quarter of 2025 show that reported carjackings declined by 8.1% compared with the same period in 2024.

time to read

2 mins

March 05, 2026

The Star

The Star

Cashbuild reports 21% increase in interim dividend amid challenging trading conditions

CASHBUILD, the southern African building materials retailer that services mainly cash-paying customers, increased its interim dividend by 21% in a tough trading environment where revenue was up 3% to R6,3billion.

time to read

2 mins

March 05, 2026

The Star

The Star

Proteas Women’s team departure for tour delayed

THE Proteas Women’s team departure for their New Zealand tour has been delayed due to the closure of airspaces in the Middle East caused by the ongoing conflict between the US-Israel and Iran.

time to read

2 mins

March 05, 2026

The Star

Economists see oil staying below $100 despite Middle-East war-driven spike

OIL MARKETS have been rattled by the escalating war in the Middle East, but economists say prices are unlikely to rise above $100 a barrel for a sustained period, even as supply disruptions push crude sharply higher in the short term.

time to read

2 mins

March 05, 2026

The Star

Student pleads for urgent NSFAS intervention

A STUDENT at Cape Peninsula University of Technology has described what she calls a “life-threatening crisis” unfolding on campus as funding delays and a slow appeals process leave students facing eviction and possible homelessness.

time to read

1 mins

March 05, 2026

The Star

Chiefs management must take accountability for the crisis

THE phrase ‘Phakama, ixesha lifikile’ (Stand up, the time has arrived) is usually echoed when someone is being urged to step up and rise to the occasion.

time to read

3 mins

March 05, 2026

The Star

US oil companies could cash in if Iran war leads to sustained high prices

WILL US oil companies be the big winners from the Iran war?

time to read

1 mins

March 05, 2026

The Star

The Star

Woolworths reports mixed financial results amid pressure on profit margins

WOOLWORTHS Holdings’ gross profit margins are under pressure in the weak trading environment, despite progress in various strategic initiatives.

time to read

2 mins

March 05, 2026

The Star

SPAR Group's new CEO Reeza Isaac outlines strategic focus for Southern Africa

THE SPAR Group's new CEO Reeza Isaac say the retailer, which has been selling its overseas operations to bolster its Southern Africa business, will continue to focus on smooth operations, a recovery of profit margins, and long-term value creation.

time to read

2 mins

March 05, 2026

Listen

Translate

Share

-
+

Change font size