Those who want a non-racial and equal society need to unite against both whites and blacks who collaborate to entrench a racist system
PetroSA on Wednesday announced the voluntary departure of Mapula Modipa, who is set to step down at the end of June after a year at the helm.
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Petrol prices could rise by another 20c/litre, despite a 93c/litre hike that kicked in on September 5.
The South African Reserve Bank will leave interest rates unchanged for the foreseeable future should economic conditions persist, economists predict.
The state, economists say, can afford to double its debt levels and lift borrowing to about R1-trillion to pay its ambitious infrastructure plans.
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/ 23 September 2011
The Reserve Bank kept interest rates steady on Thursday, after a sharp overnight depreciation of the rand and amid darkening expectations.
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/ 12 September 2011
An increase in the rate of Value Added Tax would be the most effective way of funding the National Health Insurance, economists say.
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/ 12 November 2010
Local economists downbeat about the upcoming G20 meeting and expect developing countries to look to their own interests.
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/ 27 October 2008
The price of petrol should drop about 35 cents per litre (c/l) when the central energy fund releases the latest petrol and diesel prices on Friday.
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/ 23 September 2008
The resignation of Trevor Manuel — alongside 13 senior Cabinet ministers — has caused confusion and volatility in the country’s financial markets.
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/ 22 September 2008
The new ANC leadership is likely to make budget changes prior to the election next year, says an economist.
Anti-foreigner violence in South Africa has already hit the mining sector, a mainstay of the domestic economy, and threatens to undermine confidence among international investors, analysts say. Even before the unrest broke out, the outlook for the South African economy was clouded by uncertainty.
South Africa’s producer price index (PPI) rose by 11,8% year-on-year in March from 11,2% in February, Statistics South Africa data on Thursday showed. Dawie Roodt, economist at Efficient Group, commented: "I am afraid all these price increases from producers will start filtering to consumers."
The South African government will on Friday announce whether power supply can be increased to mines while maintaining the stability of the system. The review of consumption comes in the wake of last week’s surprise announcement that the sector would lose thousands of jobs due to the power crisis.
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/ 29 February 2008
Growth in demand for credit by South Africa’s private sector accelerated to 23% in January, official data showed on Friday, raising the chances interest rates may have to rise again. Figures from the Reserve Bank showed that year-on-year credit growth quickened from an upwardly revised 21,57% in December.
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/ 29 February 2008
South African Minister of Minerals and Energy Buyelwa Sonjica has confirmed that job losses at mines are unavoidable, the South African Broadcasting Corporation reported on Friday. Sonjica said this became apparent at Thursday’s meeting with labour unions and the Chamber of Mines, but she would not disclose the number of job losses that will take place.
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/ 27 February 2008
South Africa’s targeted CPIX inflation rate quickened to 8,8% year-on-year in January from 8,6% in December, above forecasts, data showed on Wednesday. The all-items consumer price index (CPI) increased by an annual rate of 9,3%, compared to 9% in December, Statistics South Africa said.
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/ 30 November 2007
South Africa’s monthly trade deficit jumped to a record R14,73-billion in October, compared to September’s R4,3-billion shortfall, the South African Revenue Service said on Friday. Economists polled by Reuters last week had forecast a deficit of R6,8-billion.
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/ 25 October 2007
South Africa’s producer price index (PPI) rose by 9,4% year-on-year (y/y) in September, unchanged from August, Statistics South Africa data on Thursday showed. The PPI declined 0,7% on a monthly basis after August’s monthly increase of 0,7%. PPI was at 9% y/y a year ago.