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/ 11 December 2008
The cut in the repo rate made by the South African Reserve Bank on Thursday was ”the right thing to do”, Standard Chartered Bank has said.
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/ 10 December 2008
A further increase in inflation expectations could prompt the SA Reserve Bank to err on the side of caution, a Sanlam economist said on Wednesday.
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/ 5 December 2008
Cosatu said on Friday it’s "deeply worried" that more than a third of SA companies are likely to retrench staff in the next six months.
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/ 5 December 2008
Just over a third of South Africa’s top 120 companies are likely to retrench staff in the next six months, it was reported on Friday.
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/ 26 November 2008
As consumer inflation eased for a second month, rate-cut expectations grew, with economists expecting the SARB to cut rates in February 2009.
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/ 29 October 2008
SA’s targeted CPIX slowed for the first time in a year to 13% year-on-year in September from 13,6% in August, data showed on Wednesday.
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/ 24 October 2008
South Africa’s targeted consumer inflation is likely to have slowed for the first time in a year in September, a Reuters poll showed on Friday.
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/ 22 October 2008
South Africa’s financial system is ” fundamentally sound and well capitalised”, according to the IMF’s Article Report released on Wednesday.
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/ 21 October 2008
The financial storm has arrived, said Finance Minister Trevor Manuel on Tuesday in presenting his Medium-Term Budget Policy Statement.
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/ 23 September 2008
South African inflation will remain higher than expected despite changes to the consumer price basket, central bank Governor Tito Mboweni says.
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/ 18 September 2008
Inflation expectations have deteriorated somewhat, Reserve Bank Governor Tito Mboweni told a bank shareholders’ meeting on Thursday.
An official "watch list" of potentially troubled US banks has lengthened from 90 to 117 as the credit crunch wreaks havoc.
The July producer price index (PPI) figure showed that inflationary pressures were still very much alive, Standard Chartered Bank said on Thursday.
Consumers will be shrinking from the pain of high interest rates for a year or so more.
SA’s targeted CPIX consumer inflation is expected to have raced to an all-time high in the year to July on the impact of power price increases.
Nigerian consumer prices rose 14% in July compared with a year earlier on the back of rising food prices, data showed on Thursday.
Zimbabwe’s annual inflation rate soared to 11,2-million percent in June, state media reported on Tuesday.
If SA’s slide into recession is to be reversed, interest rates must not just remain unchanged but come down, says Cosatu.
Figures released this week will give the monetary policy committee a lot to talk about, writes
Maya Fisher-French.
Normally, inflation data is reweighted every five years to factor in changes in consumer behaviour. As the economy grows and wages increase, spending on certain items such as food, electricity and petrol tend to decrease. This time, however, Statistics South Africa (Stats SA) is releasing the new inflation data six years after the last official […]
Should analysts and economists publicly raise concerns about issues that affect millions of South Africans, only to be condemned for doing so?
The Bureau for Economic Research says in its third-quarter 2008 prospects report that South Africa’s economy faces a tough road ahead.
Captains of industry are pinning their hopes on talks between Zimbabwe’s political rivals as a chance to stop the economic rot.
Inflated numbers are bad for South Africa’s monetary policy, writes Maya Fisher-French.
Zimbabwe, grappling with a record 2,2-million percent inflation, has introduced a new Z$100-billion note in a bid to tackle rampant cash shortages.
The driving forces of inflation in South Africa have spread beyond food and fuel, Reserve Bank Governor Tito Mboweni said on Wednesday.
There is no error in Statistic South Africa’s calculation of the official inflation rate, the agency said on Wednesday.
Zimbabwean President Robert Mugabe on Wednesday accused Britain of trying to seize control of resources in the devastated African nation.
Zimbabwe’s annual rate of inflation has hit a new record high of 2,2-million percent, central bank Governor Gideon Gono said on Wednesday.
A two-year delay by Statistics South Africa to implement rebasing and reweighting of the consumer price index basket has resulted in inflated data.
The effects of higher interest rates and inflation cannot be underestimated, writes Maya Fisher-French.
The Organisation for Economic Cooperation and Development on Tuesday released a key report on the economic status of South Africa.