Statistics South Africa has overhauled its GDP data, which now show that the economy was 11% larger in 2020 than previously estimated
The mining industry is riding a wave that will eventually crash, analysts warn
It is becoming clear SA needs a BIG, as many ANC cabinet members, opposition parties and experts agree. But there is still dissent from some quarters
Last week’s violence will likely slow South Africa’s economic growth, the central bank’s monetary policy committee said on Thursday afternoon
An already low sentiment will be set back by the Covid-19 pandemic, thin reforms and this week’s violence
There is ample evidence that trickle-down economics do not work
The economy is still 2.7% smaller than it was in the first quarter of 2020
But the country’s GDP growth in the fourth quarter of last year shows positive signs of recovery, at 6.3%
Manufacturing numbers may be up, but business confidence is low
Business confidence is on the rise, according to the First National Bank/Bureau for Economic Research building confidence index.
Helped along by a weaker rand, factory output has slowly improved over recent months.
Reserve Bank Governor Gill Marcus says rising inflationary risks from a weaker rand and a slowing economy are limiting room to adjust interest rates.
The seasonally adjusted Kagiso PMI posted strong gains in February, rising by 4.7 index points to 57.9 — the highest level since February 2010.
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/ 16 November 2011
The consumer confidence index rose marginally by one index point for the fourth quarter of 2011, according to the Bureau for Economic Research.
Business confidence in the first quarter of 2011 was positive for the first time in three years, according to an index by Rand Merchant Bank.
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/ 29 November 2010
Retailers are expected to keep selling price increases down this year — so keep your eyes peeled for discounts and affordable items.
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/ 16 November 2010
Consumer confidence is positive for the fourth quarter of the year, according to the First National Bank/Bureau for Economic Research consumer confidence index released on Tuesday. “This has been the case throughout 2010, by itself rather unusual for an economy barely out of recession and at a time of much global turmoil,” said Cees Bruggemans, […]
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/ 14 September 2009
Confidence among SA’s manufacturers improved in the third quarter, indicating that the worst of the slump in the sector may be over, a survey shows.
There will not be any further interest rate reductions in the forseeable future, the Bureau for Economic Research said on Tuesday.
Confidence among SA’s consumers increased in the first quarter of this year, on optimism about personal finances partly due to lower interest rates.
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/ 26 November 2008
Business confidence in the final quarter of the year remained surprisingly steady, RMB and the Bureau for Economic Research said on Wednesday.
The Bureau for Economic Research says in its third-quarter 2008 prospects report that South Africa’s economy faces a tough road ahead.
South African business confidence fell in the second quarter of 2008, knocked by rising interest rates, high food and fuel costs and violent attacks against foreigners.
One of the most decisive rates meetings yet of the South African Reserve Bank’s monetary policy committee (MPC) began on Wednesday morning with "no hitches", according to a bank spokesperson. The meeting will end after lunchtime on Thursday, with the final decision announced live to the public just after 3pm.
South Africa’s business confidence fell sharply to a seven-year low in the first quarter of 2008, as the sector fretted about an uncertain economic and political outlook, a survey released on Wednesday found. The Business Confidence Index, sponsored by Rand Merchant and the Bureau for Economic Research, fell by 19 index points to 48.
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/ 13 February 2008
Manufacturing slowed in December and mining output also fell, official data showed, fanning concern the economy’s two main power consumers will suffer from electricity constraints this year. At the same time, the Bureau for Economic Research warned that power shortages may trim the pace of economic growth to 3,4% this year.
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/ 4 February 2008
South Africa’s power crisis may already have damaged economic growth, even though the country’s mines have bounced back after electricity shortages brought production to a halt. The longer it takes Eskom to boost energy output for industry, the greater the chances that 2007 could have marked the end to four years of brisk economic growth.
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/ 6 December 2007
After a substantial increase during the third quarter, inflation expectations only ticked up slightly during the fourth quarter, according to the latest <i>BER Inflation Expectation Survey</i>. CPIX inflation expectations are now expected to average 6% (previously 5,9%) during 2007, 5,9% (5,8%) during 2008 and 5,6% (unchanged) during 2009.
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/ 19 September 2007
The confidence levels of retailers declined during the third quarter of 2007, according to the latest Bureau for Economic Research (BER) Retail Survey. The BER’s retailer confidence index dipped from a record high of 91 index points in the second quarter of 2007 to a level of 84 during the third quarter.
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/ 12 September 2007
South African business confidence fell to a three-and-a-half-year low in the third quarter as vehicle dealers and manufacturers became less optimistic about their prospects. The First National Bank/Bureau for Economic Research business confidence index fell by eight points to 72 compared with the previous quarter.