MARKET WRAP: JSE slides, rand firms on hot CPI

The JSE closed weaker on Wednesday after inflation came in hotter than expected for a second consecutive month in March, increasing the prospects for another rate hike by the Reserve Bank.

Inflation as measured by the consumer price index rose to 7.1% year on year, up from 7% in February and ahead of market forecasts. Prices rose 1% in the month, compared with 0.7% previously...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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Business confidence slips in March, but tourism a bright spotLoad-shedding, higher interest rates and JSE volatility push down business confidence index
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Another inflation shocker: CPI remains red hot as food price hikes hit 14% | BusinessAnnual consumer price inflation is still heading higher – reaching 7.1% in March, up from 7.0% in February. Economists expected CPI to cool to below 7% in March. | News24_Business _Business When last did these economists go food shopping? Every week I buy less and pay more, and I am comfortably middle-class... _Business Meanwhile sassa pensioners get R10 increase _Business Powder Keg for SA, given the huge amount of people 20m + just surviving. If SA was actually a functioning state, we are not, the Govt would have the capacity to investigate the gouging that goes on, where the prices are put up 25% by retailers to test the elasticity of demand.
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