The finance minister’s commitment to toeing the line may send positive signals to ratings agencies, but at what cost?
Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint
Inflation has breached the ceiling of the Reserve Bank’s target range for the first time in more than five years
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/ 22 January 2008
An electricity shortage that has led to frequent power disruptions in South Africa could chase away investors, denting growth and portfolio inflows and weakening the rand. Economists estimate the cost to the economy has run into hundreds of millions of rands, adding to the woes brought on by the falls in financial markets.