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/ 19 December 2007

SA inflation jumps, backs rate rise

South African consumer inflation raced further away from the central bank’s band in November, backing the case for another interest rate rise, despite a slowdown in retail sales. The targeted CPIX gauge — which strips out mortgage costs — jumped to 7,9% year-on-year from 7,3% in October.

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/ 1 November 2007

Tourism booms in Gauteng

Gauteng tourism is one of the best performing sectors in the province — recording an annual growth of more than 10%, economists said on Thursday. Mike Schüssler, economist at T-Sec, said over 9,4-million people walked through the turnstiles at the OR Tambo International Airport from January up to September this year.