Navigating Monthly Trends for Small Businesses
Stay ahead of the curve with our Retail Capital SME Forecast, a monthly update designed to provide insights into upcoming trends, topics, and events impacting small and medium-sized enterprises (SMEs).
Retail Capital’s Monthly SME Economic Forecast
May 2024
This month’s SME Forecast compiled by Miguel da Silva, Managing Executive at Retail Capital, a division of TymeBank, takes a wider look at the significant impact international and local events are having on South African businesses.
Brent Crude Oil price increased to
R89.50from
R82.49
Ongoing conflicts and geopolitical tensions have exacerbated supply chain disruptions.
U.S. Federal Reserve maintained an interest rate of 5.25% since July 2023
causing a strong influence on global markets with South Africa stable at 8.25%
Rising inflation and supply chain costs
=Increased Cost of Living
A focus for the Election period should be maintaining economic stability and international credibility
Reserve Bank economic stats
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