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/ 28 November 2007
South Africa’s targeted CPIX inflation rate quickened to 7,3% in the year to October from 6,7% in September, data showed on Wednesday, above forecasts. Statistics South Africa also said that the all-items consumer price index (CPI) increased by an annual rate of 7,9%, compared with 7,2% in September.
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/ 14 November 2007
South Africa’s retail sales growth slowed to 2% year-on-year in September at constant prices, data showed, but analysts said this was likely not enough to hold off another interest rate hike in December. Retail sales growth slowed from a downwardly revised 6,6% in August, Statistics South Africa said on Wednesday.
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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.
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/ 28 October 2007
As South Africa’s economic growth slows and inflation heats up, Finance Minister Trevor Manuel will present a medium-term budget on Tuesday with decidedly less to smile about than six months ago. While analysts expect Manuel to be more cautious in his revenue predictions, they believe past prudence has left him with enough room for manoeuvre.
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/ 17 October 2007
South Africa’s retail trade sales picked up again in August, increasing by 6,9% year-on-year, in comparison to July’s 4,9% year-on-year rise, according to data released by Statistics SA on Wednesday. Total retail sales at constant 2000 prices reached R24,5-billion in August, up from R24,1-billion in July 2007.
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/ 28 September 2007
South Africa recorded a trade deficit of R9,1-billion in August, compared with July’s R9,4-billion shortfall, the South African Revenue Service said on Friday. Economists polled by Reuters last week had forecast a deficit of R5,3-billion, but the number is notoriously volatile and hard to predict.