THE SMART NEWS SOURCE | Feb 10 2012 11:14 | LAST UPDATED Feb 10 2012 11:14 |
|
MPC meeting outcome not 'cut and dried'A further increase in inflation expectations could prompt the SA Reserve Bank to err on the side of caution, a Sanlam economist said on Wednesday. Cosatu 'deeply worried' about possible job cutsCosatu said on Friday it's "deeply worried" that more than a third of SA companies are likely to retrench staff in the next six months. Third of SA companies plan job cuts, says surveyJust over a third of South Africa's top 120 companies are likely to retrench staff in the next six months, it was reported on Friday. Inflation data leads to rate-cut expectationsAs consumer inflation eased for a second month, rate-cut expectations grew, with economists expecting the SARB to cut rates in February 2009. Inflation figures 'good news' for SASA's targeted CPIX slowed for the first time in a year to 13% year-on-year in September from 13,6% in August, data showed on Wednesday. SA inflation seen slowing in SeptemberSouth Africa's targeted consumer inflation is likely to have slowed for the first time in a year in September, a Reuters poll showed on Friday. IMF has faith in SA's financial systemSouth Africa's financial system is " fundamentally sound and well capitalised", according to the IMF's Article Report released on Wednesday. Manuel: 'The thunder will pass'The financial storm has arrived, said Finance Minister Trevor Manuel on Tuesday in presenting his Medium-Term Budget Policy Statement. Mboweni says inflation to stay highSouth African inflation will remain higher than expected despite changes to the consumer price basket, central bank Governor Tito Mboweni says. Mboweni: Inflation expectations have deterioratedInflation expectations have deteriorated somewhat, Reserve Bank Governor Tito Mboweni told a bank shareholders' meeting on Thursday. |
Photos about inflation
IN THIS WEEK'S PAPER
SUBSCRIBE: - Paper edition - iPad edition (NEW!) - Kindle edition - Digital edition Read stories online ![]() @mailandguardian - Top stories & newsflashes @NicDawes - M&G editor Nic Dawes @ChrisRoperZA - Editor, M&G Online @amabhungane - M&G Centre for Investigative Journ @mgfeed - Our whole news feed Advertisements |
|||||||||||||







