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/ 13 February 2008
The MD of Standard and Poor’s (S&P) South Africa, Konrad Reuss, said on Wednesday that some of the recent pessimism in South Africa is completely overdone and that he does not feel the country is going to dip into a recession. South Africa currently has a "stable" foreign-currency rating by S&P.
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/ 12 February 2008
Billy Joubert, director of tax at Deloitte, said on Tuesday during a pre-budget seminar that no rate changes to personal income-tax rates are expected, while at best the corporate tax rate may be cut to 28% from the current 29%. Joubert noted that South Africa’s corporate tax rates compare favourably with other countries.
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/ 12 February 2008
Chief economist at First National Bank Cees Bruggemans said on Tuesday that the apparent large-scale escalation in emigration intentions among talented professionals and managers is a major threat to the economy, especially when combined with the impact of the electricity crisis.
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/ 28 January 2008
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.
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/ 21 January 2008
It is almost inconceivable that the South African Reserve Bank’s (SARB’s) Monetary Policy Committee would raise interest rates in the current atmosphere, according to strategist for Investec Securities, Brian Kantor. "I would not have raised the last two times. It is quite clear now that the last increase was over the top," he said,
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/ 18 January 2008
Chief economist of Citigroup in South Africa Jean Mercier says foreigners see more political risk in South Africa now than they have over the past few years, and will be keenly monitoring any "new faces", especially in the key finance and Reserve Bank positions, as these people may be untested at high-level economic decision-making.
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/ 18 January 2008
Chief economist of Citigroup in South Africa Jean Mercier says he expects a South African growth rate of 4% in 2008, but adds that it should start stabilising towards the second half of the year and then have a bit of a pick-up in 2009. He foresees growth of 4,5% in 2009, with it picking up towards the soccer World Cup in 2010.
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/ 17 January 2008
If the South African Reserve Bank needs further evidence of the dampening effect of higher rates on real economic activity, recent building data has been just that, according to independent economic analysts. A major challenge facing the government is also the extreme escalation in building costs.
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/ 16 January 2008
Despite a significant dip in real retail sales in South Africa, analysts feel that risks remain for another rate hike on January 31. However, the central bank may also have to ponder that real retail sales could head into negative territory in the months ahead and lead consumers into a recession.
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/ 15 January 2008
<a href="http://www.mg.co.za/specialreport.aspx?area=zuma_report"><img src="http://www.mg.co.za/ContentImages/243078/zuma.jpg" align=left border=0></a>Global analysts Lehman Brothers said in a research note on Tuesday that African National Congress president Jacob Zuma’s high-growth policy plans sounded "rather expensive", with funding probably coming from the budget surplus.