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How Big a Repo Hike can we expect from SARB’s Monetary Policy Committee (MPC)?

How Big a Repo Hike can we expect from SARB’s Monetary Policy Committee (MPC)?

Following the November 2021 MPC meeting, various factors drove fuel price hikes that landed the petrol price at R20/liter by the close of 2021. The SARB’s decision to cut the repo rate in November was largely aimed at containing inflation that was already testing the upper boundaries (5% for the months September and October 2021) and protecting the Rand from further depreciation.

Repo rate up 25 basis points: A sober SARB

Repo rate up 25 basis points: A sober SARB

The Monetary Policy Committee (MPC) which sits at the SARB, is primarily tasked with protecting the value of the rand while managing inflation. The same way we evaluate the National Treasury on its ability to lead real GDP growth, we look to the SARB to monitor inflation within the 3-6% range and protect the rand from long-term depreciation.

The Kettle Consulting Medium Term Budget Policy Statement (MTPBS) Commentary: Less Talk, More Action.

The Kettle Consulting Medium Term Budget Policy Statement (MTPBS) Commentary: Less Talk, More Action.

The mid-term budget (scheduled for October each year) serves as a “half-time” report for how the country is tracking against the initial budget (scheduled for February each year). Treasury also uses the same opportunity to redirect spending as and when needed.

How schools can be Audit-Ready in terms of the South African Schools Act

How schools can be Audit-Ready in terms of the South African Schools Act

Financial compliance within the public schooling system of South Africa has seen a gradual decline over the last few years. This is largely driven by a lack of understanding of the requirements set out in the South African Schools Act as well as the skills gap, specifically in finance of school governing bodies (SGB’s), principals and bursars/treasurers.

Disrupting the South African Banking Sector

Disrupting the South African Banking Sector

As personalisation evolves, it will direct the individual consumer to select the product that is best-suited for their wants and needs, rather than the solutions that increase the bank’s bottom line. Clients feel safer pursuing investment and savings options that put them at the centre of the discussion and are relatable to them and their lifestyles.

The International Financial Reporting Standard (IFRS) for Small and Medium-sized Entities (SMEs)

The International Financial Reporting Standard (IFRS) for Small and Medium-sized Entities (SMEs)

The IFRS for SMEs was developed by the International Accounting Standard Board (IASB) as a framework for a high-quality set of accounting standards.

When will the South African economy start living with COVID-19, and when will the pandemic end?

When will the South African economy start living with COVID-19, and when will the pandemic end?

The South African economy has taken a massive hit due to the pandemic, while the economy is currently 19.3% larger, it is off a very low base. Most economists have cautious optimism around the growth outlook, largely due to the reform path (even though slow) and the strong fiscal controls in place.

How embedded electricity generation will impact municipalities

How embedded electricity generation will impact municipalities

On Friday August 13th, 2021, South African President Cyril Ramaphosa announced the increase of the embedded generation licensing threshold from 1MW to 100MW, allowing for small-scale power generation projects.