Phumza Macanda
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/ 9 May 2008

Zuma meets ANC allies at peacemaking summit

The leaders of the African National Congress (ANC) met labour and Communist allies on Friday for a summit aimed at healing rifts that have emerged under the rule of President Thabo Mbeki. Investors are spooked by the prospect the ANC could surrender to the left’s calls for a shift away from the business-friendly policies pursued by Mbeki.

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/ 8 May 2008

Confidence at five-and-a-half year low

South Africa’s economic confidence fell to a five-and-a-half year low in April, weighed down by expectations of slower growth, higher inflation and a longer cycle of tighter monetary policy, a poll showed on Thursday. The monthly survey of 20 economists showed the Reuters Econometer dived to 207,50 last month, its lowest since November 2002.