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South Africa's producer price inflation (PPI) slowed to 9,1% year-on-year in November, below forecasts, from a 9,5% rise in October. On a monthly basis, PPI rose by 0,3% after a 1,1% jump in October. Economists had forecast that annual PPI would come in at 9,7%, while the monthly rate of increase was seen at 0,8%.
South African Reserve Bank Governor Tito Mboweni on Thursday raised the repo rate by 50 basis points following a two-day meeting of the bank's monetary policy committee. The increase pushes the repo rate to 11%, the prime overdraft rate to 14,5% and the tightening cycle that began in June last year to 400 basis points.
South Africa's producer price index (PPI) rose by 9,4% year-on-year (y/y) in September, unchanged from August, Statistics South Africa data on Thursday showed. The PPI declined 0,7% on a monthly basis after August's monthly increase of 0,7%. PPI was at 9% y/y a year ago.
South Africa's real gross domestic product (GDP) at market prices on a quarter-on-quarter seasonally adjusted annualised (saa) basis rose by 4,5% in the second quarter of 2007 from 4,7% in the first quarter of 2007, Statistics South Africa said on Tuesday. This comes after GDP rose as high as 5,6% in the fourth quarter of last year.
Pharmacists at one of the major public hospitals in Gauteng say they only received sufficient protective gear after several of their colleagues contracted Covid-19.
The Constitutional Court said it welcomed robust debate but criticised the populist rhetoric in the battle between Busisiwe Mkhwebane and Minister Pravin Gordhan
With more resources than other provinces, health workers in Gauteng still say they do not have enough protective equipment to ensure safety when working with Covid-19 patients
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Undeterred by Covid-19 pandemic, China and Africa hold hands, building a community of a shared future for mankind
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