Latest articles on Efficient Group

SA credit growth slows, giving bank room to cut rates

South African bonds overlooked a weaker rand to open firmer on Friday after credit extension and money supply data surprised to the downside.

PPI data ‘does not bode well for consumers’

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."

Govt’s power plan for mines expected on Friday

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.

Minister: Job cuts at mines unavoidable

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.

Dismal mining figures despite price rally

South Africa's mining sector made a positive contribution to the overall GDP in the third quarter of 2007, but this is not expected to be the case in the fourth quarter, Efficient Group economist Fanie Joubert said on Thursday. "The main stumbling block to the mining sector is the strike action as well as deaths on the mines," said Joubert.

Soweto retailers report bustling festive season

The hallways were teeming with shoppers -- and perhaps those just wanting to be seen -- in Soweto's spanking new Maponya Mall during December. According to mall management, approximately 45 000 people visited the R650-million shopping centre daily. Restaurants such as News Café and Primi Bazala drew in many upmarket young Sowetans.

November PPI slows to 9,1%

South Africa's producer price inflation (PPI) slowed to 9,1% year-on-year in November, below forecasts, from a 9,5% rise in October. On a monthly basis, PPI rose by 0,3% after a 1,1% jump in October. Economists had forecast that annual PPI would come in at 9,7%, while the monthly rate of increase was seen at 0,8%.

Expect a restrictive Budget in 2008

South African taxpayers should brace themselves for scant relief when the Budget is announced in February next year as analysts feel Finance Minister Trevor Manuel is likely to be very cautious due to the cyclical risks underpinning the economy. Analysts also feel that the Budget needs to be better harnessed to improve effective expenditure.

Slowdown takes shine off SA’s mini-budget

As South Africa's economic growth slows and inflation heats up, Finance Minister Trevor Manuel will present a medium-term budget on Tuesday with decidedly less to smile about than six months ago. While analysts expect Manuel to be more cautious in his revenue predictions, they believe past prudence has left him with enough room for manoeuvre.

vital information

The Mail & Guardian’s essential coverage of the ongoing coronavirus crisis is free to read for everyone.

If you would like to support us, please consider taking out a subscription.

Latest

Hopefield: Brutal police vs brutalised citizens

The small town’s residents, who say they’ve been terrorised by rogue police officers for years, were unsurprised when Reginald Linnerd was found beaten to death in a holding cell

Western Cape warned not to be complacent about flat-lining Covid-19 cases

The Western Cape, which once had the highest number of Covid-19 cases in South Africa, is seeing a steady decline in active cases

Sisulu axes another water board

Umgeni Water’s board in KwaZulu-Natal was appointed irregularly by her predecessor, the water and sanitation minister claims

Press Releases

Associate general accountant reveals why she chose to work in the public sector ­– and stayed

Rakshika Danilala is part of the team tasked with auditing the R500-billion fiscal package allocated by government to respond to the Covid-19 pandemic

Accounting for sustainability: A South African case study

The accountancy profession has been recognised and seen its models replicated as successful models for projects that contribute towards the SDGs

Debt management amid Covid-19 and beyond

This webinar on Debt Management, sponsored by Debt Rescue, had its experts share a practical approach to debt management amid this crisis and beyond

NSTF-South32 Awards

All of the awards are made for outstanding contributions to science, engineering, technology and innovation in South Africa

The benefits of being a GEMS member

The scheme offers comprehensive and affordable healthcare options to all public service employees and greater access to better healthcare

The evolution of South Africa’s savings culture

A common misconception is that you need a lot of money to start saving, but this is simply not true – you can start with R50

Tobacco producers welcome new research confirming that cigarette ban has failed

Every day that goes by shows the importance of getting rid of this ban and going back to producing and selling cigarettes as we were before

Cost increases sharing of cigarettes

Many people are questioning whether the ban on tobacco in South Africa is not in fact having the opposite effect of that intended

The best local and international journalism

handpicked and in your inbox every weekday