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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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/ 4 December 2008
A government task team will be established to handle the effects of the global economic crisis, Finance Minister Trevor Manuel announced on Thursday.
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/ 1 December 2008
SA’s purchasing managers index fell to a record low in November, data showed on Monday, reinforcing calls for a cut in interest rates.
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/ 25 November 2008
South Africa’s economic growth rate slowed to 0,2% in the third quarter of 2008, official data showed on Tuesday.
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/ 6 November 2008
South African economic confidence jumped to its highest level in a year in October, suggesting better conditions in 2009.
The South African Reserve Bank kicked off a two-day policy meeting on Wednesday to decide on interest rates, with the repo likely to remain unchanged.
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/ 30 September 2008
SA’s credit and money supply growth eased in August, while the trade deficit shrank, giving the central bank more reasons to leave rates unchanged.
Consumers will be shrinking from the pain of high interest rates for a year or so more.
If SA’s slide into recession is to be reversed, interest rates must not just remain unchanged but come down, says Cosatu.
The South African Reserve Bank is expected to leave interest rates unchanged at the end of a two-day policy meeting on Thursday.
The South African Reserve Bank monetary policy committee’s rates meeting started on Wednesday morning.
It is "not bad" if the rand stays around current levels rather than heading to R8 to the dollar, says a senior derivatives dealer.
The Federal Reserve warned this week that financial markets remained under heavy pressure as it announced that it was holding American interest rates.
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.
The effects of higher interest rates and inflation cannot be underestimated, writes Maya Fisher-French.
South Africa’s state enterprises are vital to the development of the country and its people’s skills, ANC president Jacob Zuma said on Friday.
A high interest rate environment may lead to the need to adjust an investment strategy, especially if you have a living annuity.
South African new vehicle sales decreased by 21,9% year-on-year to 39 062 units in June, it was reported on Wednesday.
Debt: Combined with higher fuel and food prices, middle-income earners have hit a wall — and further interest rate hikes have not been ruled out.
SA is braced for a slowdown after a stretch of solid growth, as higher interest rates coupled with rising food and fuel costs are set to bite.
The latest hike in the repo rate is a ”cruel blow” to South Africans trying to recover from the previous nine 0,5% increases, Cosatu said on Friday.
The Congress of South African Trade Unions (Cosatu) said on Thursday it would intensify strikes already planned for July if the interest rate is increased later in the day.
The monetary policy committee (MPC) of the South African Reserve Bank starts a two-day meeting in Pretoria on Wednesday to discuss what to do about inflation being outside the target of 3% to 6%.
It is ingrained in the national consciousness that the only way to deal with inflation is for Tito Mboweni to use increasingly large clubs to clobber the consumer with higher and higher interest rates.