Finance News Update | 27 March 2026
- Phophi K

- 3 days ago
- 2 min read

General Headlines
Reserve Bank pauses interest rate cuts amid global uncertainty
The Monetary Policy Committee (MPC) of the South African Reserve Bank has decided to keep interest rates unchanged, citing heightened uncertainty stemming from the Middle East conflict. Rising oil prices and a weaker rand are expected to place upward pressure on inflation in the near term. As a result, the repo rate remains at 6.75%, while the prime lending rate stays at 10.25% until the next MPC meeting scheduled for 28 May. Daily Investor
Fuel price surge drives shift toward hybrid and electric vehicles
Demand for hybrid and electric vehicles (EVs) in South Africa has risen sharply, while interest in petrol and diesel vehicles has declined, the recent spike in global oil prices is linked to geopolitical tensions in the Middle East. This shift could mark a structural turning point in both the new and used car markets, similar to how digital delivery platforms expanded during pandemic lockdowns. As more consumers transition to alternative energy vehicles, supported by gradually improving affordability, the likelihood of returning to traditional vehicles appears low. This trend could significantly reshape South Africa’s automotive landscape in the coming years. Daily Investor
Markets & Investments
Retail stocks and gold prices reflect market volatility
Shares of Shoprite were among the stronger performers on the JSE ahead of an upcoming dividend payment. However, the stock is still down 7% for the month, despite reporting solid interim results earlier in March. The decline is largely attributed to broader market volatility linked to geopolitical tensions.
Meanwhile, gold prices continued to weaken, turning negative again as rising oil prices weakened expectations for interest rate cuts in the United States. The metal has declined in 10 of the past 12 trading sessions, leaving it down nearly 17% for March, reflecting shifting investor sentiment and liquidity pressures during this risk off period. Business Day
Property & Real Assets
Semigration trends boost Western Cape property markets
A growing number of South Africans are relocating from Johannesburg to Western Cape towns such as George and Mossel Bay. This semigration trend is being driven by factors including better infrastructure, coastal living, and relative affordability. According to a report by Lightstone, the Western Cape has recorded the highest residential property growth rate in the country at 6.2% over the past five years, well above the national average of 4.7%. In comparison, Gauteng saw growth of 4.9%, slightly above the national benchmark. This trend highlights a continued shift in residential demand patterns across South Africa. Daily Investor



