Business

Interest rates and inflation the stars of 2012

Lisa Steyn

It has certainly been an eventful year for business globally and the bad outweighed the good as growth slowed and problems in the eurozone persisted.

Interest rates are at a near 40-year low and inflation has remained stable. (AP)

In South Africa, 2012 became synonymous with the Marikana massacre in August and wildcat strikes that ensured the mining sector ground to a halt. 

Ratings downgrades, rising costs and a widening trade deficit caused headaches as the year drew to a close. 

But with it came the good: interest rates are at a near 40-year low and inflation has remained stable. 

The JSE’s all-share index has performed exceedingly well and, in the run-up to the ANC conference in Mangaung this week, big business united in lobbying the government. Bring on 2013!

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