Data released by Absa reflects a significant rise in the value of online transactions in 2024.
The market in May declined by 6 137 units to 37 105.
Weak manufacturing, mining and construction performance drove the downward momentum on the supply side while consumers cut spending.
The price of all grades of petrol and diesel are set to drop at midnight.
Poor consumer demand and election jitters likely led to the slower pace of trade, which is expected to pick up in the coming months.
Inflation is expected to cool further during the second quarter of 2024.
The China National Offshore Oil Corporation has signed petroleum exploration and production concession contracts with the country.
Since the passage of Agoa in 2000, Kenya’s apparel exports to the US have reached record levels – President Joe Biden.
Cash-strapped households are spending less on food, making it important to ensure future demand can be met without price surges – PwC.
The monthly change in the CPI was 0.3% in April, softer than the 0.8% rise recorded in March.
“The Fund will assist black South Africans in non-tech sectors to harness the power of technology and improve their competitiveness" - Ebrahim Patel
Uncertainties in the macroeconomic environment could continue to cause fluctuations in the market.
