Mail & Guardian
Mail & Guardian
Helmo Preuss

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Helmo Preuss

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SA February PPI seen steady at 5,5% y/y

South Africa’s February 2005 producer price index (PPI) is expected to remain at January’s 5,5% year-on-year (y/y) increase. According to an I-Net Bridge survey of economists,…

Petrol price: Good news may be in store

The Department of Minerals and Energy could implement a retail petrol price cut of about 15 cents per litre (c/l) on March 1, given recent trends in both the rand exchange rate…

Manuel tables conservative Budget

South African Finance Minister Trevor Manuel on Wednesday tabled a conservative Budget, eschewing corporate and individual income tax rate cuts, even though the revenue over-run…

Petrol price could drop by 12 cents a litre

The Department of Minerals and Energy could implement a retail petrol-price cut of about 12 cents per litre (c/l) on March 1, given recent trends in both the rand exchange rate…

Budget: Economists expect personal tax cut

Strong South African government revenue growth should allow Minister of Finance Trevor Manuel to cut personal taxes by about R20-billion when he announces the 2006/07 Budget on…

Business leaders upbeat on SA growth

Business leaders and economists are very upbeat in their expectations for South Africa’s general economic prospects in years to come, the Bureau for Market Research said on…

No change expected in interest rates

All economists surveyed by I-Net Bridge expect no change in interest rates at the end of the two-day meeting of the South African Reserve Bank’s monetary policy committee (MPC).…

Most economists expect no 2006 rate cut

The majority of economists expect no change in monetary policy in South Africa in 2006, but there are economists who are forecasting cuts, and those who are looking for…

FDI expected to keep rand more stable

Foreign direct investment (FDI) is likely to keep the rand more stable in 2006, as it did in 2005, compared with previous years, economists surveyed by I-Net Bridge said. The…

November PPI seen easing to 4,1%

South Africa’s November 2005 producer price index (PPI) is expected to ease to a 4,1% year-on-year (y/y) increase from 4,2% y/y in October and 4,6% y/y in September. According to…

SA property price rise eases

The South African residential property market continues to be buoyant, although the growth in house prices has eased substantially from last year’s peak, Standard Bank economists…

Cape power cuts ‘not Koeberg’s fault’

The electricity supply to consumers in the Western Cape was interrupted twice in November — but the Koeberg nuclear power station was not the cause of the supply interruptions,…

Economist: GDP to remain above 4%

The real growth rate of the South African economy is expected to moderate next year, but remain at or above 4% for four years in a row, Econometrix economist Azar Jammine told a…

Stable rand forecast against dollar

The rand is forecast to remain stable against the dollar over the next three years, but depreciate on a trade-weighted basis, as the United States current-account deficit leads…

Make hay while the sun shines, says Mboweni

Rather than worry about how to get growth going, people should be worrying how to make the most of a South African economy that is "pumping", South African Reserve Bank Governor…

The risk of ‘horrendous’ youth unemployment

The unemployment rate for youths aged between 16 and 25 is 52% in South Africa, while in the Western Cape it is 49%, compared with a national average for all ages of 26,5%,…

Netcare benefits from low health-care inflation

Health-services provider Network Healthcare Holdings (Netcare) on Wednesday reported a 34,4% rise in fully diluted headline earnings per share to 58,6 cents per share for the…

Mboweni warns against rand’s deliberate depreciation

A deliberate policy of depreciating the rand could have undesirable effects, South African Reserve Bank Governor Tito Mboweni told the Bureau for Economic Research conference in…

Low increase in house prices in September

South African house prices increased by 15,8% year-on-year in October 2005, from a 17,6% increase in September, according to South African commercial bank Absa’s monthly…

December petrol-price cut seems likely

The Department of Minerals and Energy is likely to announce a cut of 22 cents per litre cut in the retail petrol price for the month of December, if the rand exchange rate and…