South Africa’s producer price inflation (PPI) accelerated unexpectedly to 12,4% year-on-year in April, increasing the possibility of a bigger than previously expected interest-rate hike in June. Statistics South Africa said on Thursday headline PPI — which represents domestic output — accelerated from an upwardly revised 11,9% in March.
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/ 24 September 2007
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The deputy president of the African National Congress, Jacob Zuma, is to lunch with top international fund managers on Wednesday at Citigroup. This follows a report posted on the Financial Times that Citigroup was to host a dozen top international fund managers to a private lunch with Zuma.