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
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Eskom, Transnet and the public sector wage bill will feature large in next week’s medium-term budget policy statement
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Borrowers face another 75 basis point repo rate hike this week, as inflation looks to stay uncomfortably high
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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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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.