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South African Economy

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Article
/ 1 December 2008

The sandpit economy

Growth figures confirm what we know but raise questions about the handling of our economy,
writes Maya Fisher-French.

By Staff Reporter and Maya Fisher French
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Article
/ 27 November 2008

Zuma: SA economic policy won’t change

South Africa will continue to manage its economy with restraint after next year’s elections, African National Congress leader Jacob Zuma says.

By Staff Reporter
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Article
/ 26 November 2008

Inflation data leads to rate-cut expectations

As consumer inflation eased for a second month, rate-cut expectations grew, with economists expecting the SARB to cut rates in February 2009.

By Staff Reporter
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Article
/ 25 November 2008

Tiger Brands sees more growth

Tiger Brands posted a 36% rise in full-year headline earnings per share from continuing operations and forecast real profit growth in the year ahead.

By Staff Reporter
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Article
/ 20 November 2008

Just can’t get enough

Government clings to JSE investments and places its role of policy director in question.

By Lloyd Gedye
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Article
/ 20 November 2008

Aye aye captain

Like Barack Obama, president in waiting Jacob Zuma will be inheriting a different economy to the one over which his predecessor presided.

By Maya Fisher French
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Article
/ 20 November 2008

Decarbonise now

Were triple-digit oil prices to blame for the market crisis and what are the prospects for future oil prices? Kevin Davie reports.

By Kevin Davie
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Article
/ 17 November 2008

Manuel: World economies may suffer for years

The impact of the global financial crisis may be felt by world economies for years to come, Finance Minister Trevor Manuel said on Monday.

By Staff Reporter
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Article
/ 13 November 2008

US bailout worries weigh on rand

The rand weakened against the dollar on Thursday as worries returned to the market after the US backed away from buying troubled mortgage assets.

By Staff Reporter
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Article
/ 12 November 2008

Manuel: SA markets a poor indicator for economy

Current market movements are not rational and the rand’s value does not reflect inherent strength or weakness of the SA economy, Trevor Manuel says.

By Tom Pfeiffer
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Article
/ 12 November 2008

Numsa takes aim at Manuel, Mboweni

Numsa has accused Finance Minister Trevor Manuel and SARB Governor Tito Mboweni of being key architects behind unpopular macroeconomic policies.

By Matuma Letsoalo Author
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Article
/ 11 November 2008

Big business fills the tax purse

As the economy shrinks, the taxman will struggle, writes Lynley Donnelly.

By Lynley Donnelly
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Article
/ 11 November 2008

Investing for living

Weak markets offer a better opportunity to buy for income, writes Maya Fisher-French.

By Maya Fisher French
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Article
/ 7 November 2008

SA reserves fall on weak rand, lower gold prices

SA’s gold and foreign-exchange reserves dropped from $33,6-billion to $32,1-billion in October, as the rand weakened and gold prices fell.

By Staff Reporter
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Article
/ 7 November 2008

Not on the same page

The Treasury and the Reserve Bank have divergent views on inflation, but this will make little difference as to when we can expect to see a rate cut.

By Maya Fisher French
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Article
/ 6 November 2008

Rand expected to come under pressure

With almost all international bourses in the red, it was clear that sentiment had taken a turn for the worse, RMB said on Thursday.

By Staff Reporter
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Article
/ 5 November 2008

Nene to become deputy minister of finance

Nhlanhla Nene — who recently made the news when his chair collapsed during a TV interview — is to be sworn in as deputy minister of finance.

By Staff Reporter
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Article
/ 4 November 2008

Sales of new vehicles plunge

SA new vehicle sales plunged 30,1% year-on-year in October as deteriorating consumer confidence added to the strain of higher interest rates.

By Staff Reporter
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Article
/ 3 November 2008

Rand steady, stocks gain for fifth day

SA’s rand steadied against the dollar on Monday as fears of a global slowdown kept investors cautious towards the currency.

By Staff Reporter
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Article
/ 31 October 2008

Lekota backs free-market policies

SA will stand a better chance of ending poverty if the country maintains free-market policies, Mosiuoa Lekota said on Friday.

By Phumza Macanda
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Article
/ 30 October 2008

Education gets ‘some relief’

Cabinet giving even more to education over the medium term, writes Primarashni Gower.

By Prim Gower
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Article
/ 30 October 2008

Not quite the green revolution

And there won’t be one unless farmers get rain,
writes Lynley Donnelly.

By Lynley Donnelly
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Article
/ 30 October 2008

New carbon tax on its way

Where the tax is likely to be targeted and how it will be implemented is unclear at this stage.

By Lynley Donnelly
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Article
/ 30 October 2008

Spend, baby, spend

The government has allocated an additional R170-billion to spending over the next three years, and next year state spending will jump to 29% of GDP.

By Maya Fisher French
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Article
/ 30 October 2008

Ruling party vs ruling party

The South African economy was back on the policy frontburner this week with two major documents emerging from the ANC.

By Maya Fisher French
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Article
/ 30 October 2008

RAF gets R2,5bn

But the fund needs to be restructured in the long term. Lloyd Gedye reports.

By Lloyd Gedye
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Article
/ 30 October 2008

Fiscal stance still conservative

Trevor Manuel’s medium-term budget policy statement could have taken a more aggressive approach.

By RA©jane Woodroffe
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Africa
/ 25 October 2008

The house Trevor built

The medium-term budget policy statement shows that robust policy decisions helped to weather the storm, writes Nic Dawes.

By Nic Dawes Author
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Article
/ 25 October 2008

Will the ‘populist’ thunder pass?

The overall picture is that structural poverty and the inequality trap remain resistant to government’s best efforts.

By Ebrahim Khalil Hassen
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Article
/ 23 October 2008

Manuel willing to serve again, says spokesperson

Finance Minister Trevor Manuel reiterated he is willing to serve another term if asked to, his spokesperson, Thoraya Pandy, said on Thursday.

By Staff Reporter
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Article
/ 22 October 2008

IMF has faith in SA’s financial system

South Africa’s financial system is ” fundamentally sound and well capitalised”, according to the IMF’s Article Report released on Wednesday.

By Staff Reporter
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Article
/ 22 October 2008

Manuel: We resisted an ‘electioneering’ budget

South Africa ”stoically” resisted presenting a budget to drum up votes ahead of an election due next year, Finance Minister Trevor Manuel says.

By Staff Reporter
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