This is according to some economists, who say the Reserve Bank got ahead of the curve before inflation became entrenched
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Analysts say the Reserve Bank could start tightening monetary policy as early as next month
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The economy grew for the fourth consecutive quarter, but the country is playing catch-up to its peers
GDP rose 1.2% in the second quarter, but future growth indicators will likely be hit by July’s looting and unrest, as well as a dip in commodity prices
Reserve Bank governor Lesetja Kganyago makes a case for a lower target, though the trade union federation prefers job creation
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​Bank executives have warned that weakening sentiment amid a lengthening US government shutdown could economic kill growth
This sanction is the latest to hit MTN since it began operations in Nigeria 17 years ago
Despite sustained attacks from banks in the forex hearings, the Competition Commission remains confident of its case
After numerous pre-hearings, the matter is finally being heard, well over a year after the Competition Commission referred the case to the tribunal
The salaries of public servants will test the president’s resolve in finding a solution to the government’s spending problem
​The bank is the first of 18 banks accused of involvement in a foreign exchange cartel to reach an agreement with the tribunal.
Official data tell us that class apartheid, born in April 1994 with features that include durable racism and patriarchy, is now a malevolent juvenile delinquent.As with racial apartheid two decades ago, the chains of class apartheid have growing cracks and, with enough pressure from below, can also be broken.
Baggage handling chaos at London Heathrow’s new Terminal Five (T5) is likely to cost British Airways up to £25-million (,7-million), analysts at Citibank said on Monday. Nearly 250 flights have been cancelled since Thursday’s troubled opening of the ,6-billion showcase terminal.
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/ 5 November 2007
Fear and mistrust gripped Wall Street on Monday after Citigroup’s CEO quit in the wake of mounting credit losses and an influential money manager called the subprime mortgage market a ”-trillion problem”. US stocks followed European shares lower, while safe-haven bonds rallied and even the downtrodden dollar ticked up.