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Gordon Bell

SA economic confidence up on rate-cut hopes

South African economic confidence jumped to its highest level in a year in October, suggesting better conditions in 2009.

Reserve Bank says it remains focused on inflation

The South African Reserve Bank vowed on Tuesday to remain focused on its medium term inflation outlook despite the turmoil in global markets.

Manuel reappointed, inflation up

South Africa's new president reappointed Trevor Manuel as Finance Minister on Thursday, reassuring investors worried about major policy change.

Attention turns to interest-rate decision

The South African Reserve Bank is expected to leave interest rates unchanged at the end of a two-day policy meeting on Thursday.

Treasury: SA economy strong, no recession risk

South Africa's economy is not heading for recession, with growth still strong, boosted by robust investment growth, says the top Treasury official.

Moody’s says SA policies key to rating

South Africa's positive credit rating outlook from Moody's is under strain and dependent on the government maintaining its current economic policies.

SA manufacturing output rebounds in April

South Africa's manufacturing-sector growth rebounded in April, official data showed on Wednesday, but business confidence dipped, pointing to tougher times ahead.

Mboweni warns on rates, inflation

South Africa's targeted inflation is not expected back in the 3% to 6% band before the end of 2009, and there are significant upside risks to this forecast, South African Reserve Bank Governor Tito Mboweni said on Tuesday. The Reserve Bank has raised its repo rate by 450 basis points to 11,5% since June 2006 to try to tame inflation.

SA advisers call for rand intervention

South Africa should be prepared to intervene in the foreign exchange market to keep its currency stable and ''competitive'', and should maintain its inflation targets, a group advising the government said. In its report released on Thursday, an international panel -- known as the Harvard Group -- also suggested a budget surplus of between 1% and 2% to help ease inflation.

Mboweni sounds inflation warning

High food and fuel costs in South Africa have spilled over into second-round inflationary effects that have to be tackled, Reserve Bank Governor Tito Mboweni said on Tuesday. He also, again, warned in an interview with CNBC Africa that an excessive increase in electricity prices will have serious consequences for inflation.

Reserve Bank warns on household debt, oil

The South African Reserve Bank warned on Thursday that high household debt was a potential source of vulnerability and the growth in non-performing loans must be closely monitored. Elevated and volatile oil prices could also impact on economic and financial stability through higher inflation, interest rates and on an already large current-account deficit, it said.

Economic confidence up, but outlook still bleak

South African economic confidence recovered from a near four-year-low in March, pointing to signs conditions may improve in the medium term, although the growth and inflation outlook remained bleak. A survey of 22 economists released on Thursday showed the Reuters Econometer ticked up to 231,39 from 227,02 in February.

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