Ntando Thukwana

South Africa’s central bank is set to keep interest rates unchanged for a fifth time in a row and signal a delayed start to an anticipated cutting cycle, with inflation risks still skewed to the upside.

South Africa's central bank is set to keep interest rates unchanged for a fifth time in a row and signal a delayed start to an anticipated cutting cycle, with inflation risks still skewed to the upside.

South African’s appetite for credit softened toward the end of last year amid high interest rates, weak economic conditions and muted consumer spending.

The price of a traditional South African barbecue rose at a slower pace for a second straight month, suggesting that food costs may cool further before the El Niño weather phenomenon scuppers the downward trend.

South African manufacturers’ sentiment dipped in March but a significant shift in a subset gauging deliveries signalled that the country’s snarled logistics may be starting to improve.

South Africa’s preliminary tax collection beat estimates, despite significant growth in refunds, logistics constraints, record power outages and a faded commodity boom.

The head of South Africa’s revenue service said it will ramp up efforts to target lenders and advisers who may be “professional enablers” of organized corruption and financial crimes to combat illicit capital flows and tax evasion.

SARS said it will ramp up efforts to target lenders and advisors who may be "professional enablers" of organised corruption and financial crimes to combat illicit capital flows and tax evasion.

South Africa's inflation rate dipped to a two-month low in March, but that is unlikely to persuade policymakers to cut borrowing costs as the drop is expected to be short-lived because of rising oil prices.

(Bloomberg) -- South African Mines Minister Gwede Mantashe signaled his opposition to BHP Group Ltd.'s proposed takeover of Anglo American Plc.