Last year was dismal on a number of fronts. And although things probably won’t get exponentially better, there is some hope on the horizon
Eskom, Transnet and the public sector wage bill will feature large in next week’s medium-term budget policy statement
Borrowers face another 75 basis point repo rate hike this week, as inflation looks to stay uncomfortably high
This is according to some economists, who say the Reserve Bank got ahead of the curve before inflation became entrenched
Analysts say the Reserve Bank could start tightening monetary policy as early as next month
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
Improved trade data will help narrow South Africa’s current account deficit and is a sign the economy is rebalancing from consumption to production.
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/ 24 November 2010
South Africa’s targeted consumer inflation quickened slightly to 3,4% year-on-year in October from 3,2% in September, data showed on Wednesday.
South African economic confidence recovered from a near four-year-low in March, pointing to signs conditions may improve in the medium term, although the growth and inflation outlook remained bleak. A survey of 22 economists released on Thursday showed the Reuters Econometer ticked up to 231,39 from 227,02 in February.