South Africa’s CPIX inflation (headline inflation excluding mortgage costs) was up 6,6% year-on-year for metro and other areas in July 2003 compared with 6,4% in June, Statistics South Africa said on Tuesday.
Contrary to the hopes of exporters, but in line with official policy, Metropolitan economist Rejane Woodroffe expects the rand to be stronger next year than this year. Her forecast is for the rand to weaken to R8,30 per dollar at the end of this year, but then strengthen to R7,80 at the end of next year.
The 2002 rate hikes were not solely or even mostly to blame for the slowdown in South Africa’s economic growth rate, South African Reserve Bank (SARB) chief economist Ernie van der Merwe told a media briefing on Tuesday.
Top prosecutor Bulelani Ngcuka spoke in riddles when explaining his decision not to prosecute Deputy President Jacob Zuma for his alleged role in South Africa’s multibillion-rand arms deal, a legal expert said on Monday.
On Monday morning the seemingly tireless Nelson Mandela (85) attended two meetings in Cape Town.
Four weeks after Zimbabwe introduced a range of measures aimed at ending an unprecedented shortage of local bank notes, the situation has not improved, banking officials said on Monday.
With centuries of oppression and decades of struggle for liberation behind us, South Africa is now poised to take its rightful place on the international economic stage.
More than 45 people were killed and around 140 injured yesterday when two massive car bombs ripped into the heart of Bombay, India’s financial capital, in a devastating attack likely to plunge relations between India and Pakistan into fresh turmoil.
A hard-hitting report today on the loss of the space shuttle Columbia and its seven crew earlier this year will expose a culture of complacency inside Nasa, and cast a shadow over the future of the manned flight programme.
Allegations of intimidation and rigging marred Rwanda’s first democratic election yesterday, an event widely seen as a barometer of the country’s recovery from the 1994 genocide.