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/ 19 March 2008

Outrage at proposed Eskom tariff hikes

Political parties and union leaders were outraged on Wednesday over Eskom’s proposed tariff hike of 53% and the devastating effect it would have on the country. The Congress of South African Trade Unions said it was absolutely horrified at the proposal and demanded an extended consultation process on Eskom’s latest plans.

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/ 13 March 2008

Trade conditions out of negative territory

Trade conditions appear to be out of negative territory after the Trade Activity Index (TAI) increased for the third month in a row, the South African Chamber of Commerce and Industry said on Thursday. The TAI, which measures the view of business on current trade activity, increased from 44 in December last year to 48 in January and 50 in February

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/ 6 February 2008

SA faces ‘very real’ risk of recession

There is a ”very real” risk that South Africa could face an economic recession as a result of the current electricity crisis, the South African Chamber of Commerce and Industry (Sacci) said on Wednesday. ”We have already been going through an economic slowdown; this [the electricity crisis] could push us into a recession,” Sacci economist Richard Downing said.