While emerging markets have been resilient so far to global market subprime turmoil, global spillovers could test their resilience, said the International Monetary Fund's (IMF) director of monetary and capital markets, Jaime Caruana, on Tuesday at the launch of the IMF's latest <i>Global Financial Stability Report</i>.
Director and chief economist of Econometrix Dr Azar Jammine said on Monday that he was becoming a little nervous about the implications of the political environment -- particularly views that economic policy will not be changed -- on the ability of South Africa to keep attracting capital flows.
Nominal house-price growth of 15,5% year-on-year was recorded in April from a revised 15,7% in March, according to the latest Absa house-price index. This brings the average price of a house in the survey to R911Â 800 in April. On a month-on-month basis, nominal price growth declined further to 0,9% in April.
The deterioration of South Africa's national savings ratio to 13,75% of gross domestic product in the fourth quarter of 2006 has brought the annual savings ratio to an historic low of 14% in 2006, South African Reserve Bank (SARB) data showed on Thursday.