Mariam Isa

Consumer confidence hits nine-year low

Consumer confidence plunged to a nine-year low during the first quarter of this year‚ signalling that household spending would be subdued this year.

Reserve Bank warns of rate hike to cool spending

South Africa's central bank warned on Thursday that interest rates may have to rise again to curb soaring consumption in the continent's biggest economy and said the rand is adjusting to a widening current account gap. The Reserve Bank has already raised its key repo rate by a full percentage point to 8% in two moves since June.

SA July reserves edge up to $20,45-billion

South Africa's gold and foreign exchange reserves edged up during July, but at a slow pace, showing that the country's central bank was inactive in currency markets while the rand remained volatile. Figures from the South African Reserve Bank showed that net reserves rose to ,447-billion at the end of July from ,185-billion at the end of June.

Nepad under the spotlight at summit

Supporters of Nepad will throw the floor open to global business in their bid to win financial backing for the initiative at an annual forum in Durban this week.

Central bank against plan for a super-regulator

South African Reserve Bank governor Tito Mboweni has opposed the government's plans for a single financial regulator, fuelling speculation of a rift with the Treasury over the issue.

Aids does not spell doomsday for SA

South Africa's economy will be affected by the impact of HIV-Aids, but it would be wrong to forecast a doomsday scenario.

Manuel seen tackling inflation targets

South Africa's Finance Minister Trevor Manuel is likely to tackle the thorny issue of whether the country's inflation targets should be adjusted when he unveils his three-year budget plans on Tuesday, analysts say.

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