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/ 4 September 2007

Manuel says no to bread-price cap

Finance Minister Trevor Manuel has ruled out fixing the price of bread in South Africa. ”If we try and cap prices here we will create all manner of difficulties for ourselves,” he told MPs in the National Assembly on Tuesday. Manuel was responding to a call from Pan Africanist Congress MP Motsoko Pheko to fix the bread price.

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/ 2 September 2007

Gloomy numbers cloud SA economic optimism

A string of gloomy data has clouded some of the optimism surrounding the South African economy, raising fears of another interest-rate hike and casting doubt on government growth forecasts. Figures released on Tuesday showed that growth had slowed by 0,2 percentage points to 4,5% in the second quarter of 2007.