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/ 16 January 2008
Despite a significant dip in real retail sales in South Africa, analysts feel that risks remain for another rate hike on January 31. However, the central bank may also have to ponder that real retail sales could head into negative territory in the months ahead and lead consumers into a recession.
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/ 31 October 2007
South Africa recorded a trade deficit of R4,3-billion in September, compared to August’s R9,1-billion shortfall, the South African Revenue Service said on Wednesday. Economists polled by Reuters last week had forecast a deficit of R6,4-billion, but the number is notoriously volatile and hard to predict.