Yogashen Pillay

Journalist

Consumer confidence plunges as South Africa faces economic headwinds

Yogashen Pillay|Published

he latest FNB/BER Consumer Confidence Index reveals a worrying decline in consumer sentiment, dropping from -10 to -13 in Q3 2025. Economists express concerns over ...

Producer prices jump 2. 1% in August on rising food and beverage inflation

Yogashen Pillay|Published

Stats SA reports a rise in producer price inflation to 2. 1% in August 2025, driven by increases in food, beverages, and tobacco products, while economists weigh ...

South Africa sees a 26% surge in agricultural exports to the US amidst tariff concerns

Yogashen Pillay|Published

South Africa's agricultural exports to the US have surged by 26%, reaching $161 million in Q2 2025, driven by a large fruit harvest and a temporary pause on tariff ...

Food basket costs edge lower but yearly increase highlights rising hunger crisis

Yogashen Pillay|Published

Despite a marginal drop in the cost of a household food basket in September, South Africans face escalating food insecurity, with civil society groups urging government ...

South African petrol prices may rise slightly next week amid global oil fluctuations

Yogashen Pillay|Published

"Experts warn that South African drivers may face a slight increase in petrol prices next week due to fluctuations in the global oil market, with the rand-dollar ...

Milk SA's report highlights growth, infrastructure challenges in dairy sector

Yogashen Pillay|Published

Milk South Africa's 2024 annual report reveals significant growth in the dairy industry despite ongoing challenges, including infrastructure issues and economic ...

Agri industry welcomes food inflation cooling to 5. 2% as outlook brightens

Yogashen Pillay|Published

Agbiz reports a slight easing in food inflation, with consumer prices dropping to 5. 2% in August 2025, as the agricultural sector benefits from abundant harvests ...

Vehicle financing under strain as costs rise and consumer affordability declines

Yogashen Pillay|Published

Absa's report reveals the shifting dynamics in vehicle financing, highlighting the increasing costs and changing consumer behaviours that are reshaping the market. ...

Rugby’s economic impact: how the Springboks boost tourism in Durban

Yogashen Pillay|Published

Discover how the Springboks’ upcoming match against Argentina in Durban is set to energise the local economy, boost tourism, and celebrate South African culture ...

Sacci warns of worsening trade conditions despite low inflation boost

Yogashen Pillay|Published

The South African Chamber of Commerce and Industry has raised alarm bells as the trade survey for August 2025 released on Thursday ...

SA Reserve Bank holds rates steady at 7% as inflation edges higher

Yogashen Pillay|Published

he MPC has revised its inflation and GDP forecasts for 2025, indicating a balanced outlook for inflation and a need for improved capital formation to drive growth ...

Durban and Johannesburg to host Africa's Travel Indaba for the next five years

Yogashen Pillay|Published

Durban has been confirmed as the host city for Africa's Travel Indaba for the next five years, a decision that promises significant economic benefits and opportunities ...

Easing inflation sparks interest rate cut optimism

Yogashen Pillay|Published

South Africa's annual consumer price inflation fell to 3. 3% in August, raising expectations for a potential interest rate cut by the South African Reserve Bank. ...

Deputy finance minister punts SA's informal sector in combating high unemployment

Yogashen Pillay|Published

Deputy Minister of Finance Ashor Sarupen highlights the potential of South Africa's informal sector in addressing unemployment and emphasises the need for collaboration ...

TNPA nears completion of Newark Road upgrade to ease congestion at Richards Bay Port

Yogashen Pillay|Published

ransnet National Ports Authority is nearing the completion of a vital upgrade to Newark Road, aimed at alleviating severe traffic congestion affecting Richards Bay ...

South Africa's financial sector faces new challenges amid socio-economic turmoil

Yogashen Pillay|Published

Unathi Kamlana, Commissioner of the FSCA, addresses the pressing socio-economic challenges facing South Africa and highlights the pivotal role of the financial sector ...

BER warns GDP rebound masks deeper economic fragilities

Yogashen Pillay|Published

Despite a modest GDP growth of 0. 8% in the second quarter of 2025, the Bureau for Economic Research warns that South Africa's economic recovery is threatened by ...

Cargo movement report highlights record throughput despite ongoing challenges

Yogashen Pillay|Published

The latest cargo movement report from SAAFF and BUSA reveals record increases in cargo throughput in South Africa, while highlighting ongoing operational challenges ...

Global commodity traders’ influence raises alarms over rising food prices

Yogashen Pillay|Published

Explore how the ABCD+ group of global commodity traders exerts significant influence over grain prices, affecting food costs and economic stability, particularly ...

PayInc Economic Index shows resilience amid economic challenges

Yogashen Pillay|Published

Despite ongoing economic challenges, the PayInc Economic Index for August 2025 indicates a fourth consecutive month of growth, highlighting resilience in South Africa's ...

MEC Rev Musa Zondi highlights the role of tourism in KZN's economic growth

Yogashen Pillay|Published

KZN MEC Rev Musa Zondi emphasises the importance of tourism for economic growth and inclusivity during the launch of Tourism Month, highlighting sustainable practices ...

Government intensifies cattle vaccination drive to combat Foot and Mouth Disease

Yogashen Pillay|Published

The Department of Agriculture is ramping up its vaccination efforts against Foot and Mouth Disease, with Minister John Steenhuisen leading a targeted drive to protect ...

Agriculture's recovery phase shows promise for South Africa's GDP growth

Yogashen Pillay|Published

South Africa's agricultural sector is experiencing a recovery, with GDP growth driven by improved performance in horticulture and field crops. Despite challenges ...

South African consumers are spending less but gambling more, says Absa report

Yogashen Pillay|Published

According to the latest Absa Merchant Spend Analytics Report, South African consumers are spending less on traditional purchases while significantly increasing their ...

South Africa's economic growth faces severe challenges as productivity stagnates

Yogashen Pillay|Published

A recent report by the Bureau for Economic Research highlights the significant decline in South Africa's economic growth over the past decade, attributing it to ...