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South African Economy

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Article
/ 22 October 2008

Rand falls to six-year low against dollar

The rand fell to a six-year low against the dollar on Wednesday, losing about 60% of its value this year as it dipped as low as 11,07 to the dollar.

By Staff Reporter
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Article
/ 21 October 2008

Manuel looks at more money for police personnel

High among the ”most pressing priorities” identified by Trevor Manuel on Tuesday was ”investing in the criminal justice sector.”

By Staff Reporter
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Article
/ 21 October 2008

Treasury: Tough decisions taken early are bearing fruit

Tough economic decisions taken early on are bearing fruit in the face of the world financial crisis, said the National Treasury on Tuesday.

By Evan Pickworth
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Article
/ 19 October 2008

Suppose there was a meltdown and you weren’t invited

Our government would have taken stakes in the Big Four, say to the tune of R120-billion or so. Now this would be a debate to have locally.

By Kevin Davie
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Article
/ 19 October 2008

R30bn yanked from SA

The cost of offshore borrowing for SA has jumped by 50% in recent weeks while foreigners have withdrawn R30-billion from the country since last month.

By Maya Fisher French
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Article
/ 16 October 2008

Keeping the wheels spinning

Lloyd Gedye talks to the chief director of industrial policy, Nimrod Zalk, about the DTI’s new programme for the automotive industry.

By Lloyd Gedye
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Article
/ 15 October 2008

SA retail sales dip in August on high rates

SA’s retail sales fell by 5,5% year-on-year in August at constant prices, official data showed on Wednesday.

By Staff Reporter
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Article
/ 14 October 2008

We must be control freaks

The relatively high economic growth between 2003 and 2007 is not sustainable and has been harmful for the future health of the economy.

By Seeraj Mohamed
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Article
/ 9 October 2008

SA economic confidence rises in September

SA’s economic confidence rose in September, largely due to expected easing in interest rates and inflation in 2009, a survey showed on Thursday.

By Phumza Macanda
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Article
/ 9 October 2008

Rand volatility to stay, says economist

The rand is unlikely to stabilise in the next week or two, Kruger International economist Ulrich Joubert said on Wednesday after volatile trade.

By Staff Reporter
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Article
/ 8 October 2008

SA manufacturing growth slows on rates

SA’s factory output growth slowed to 0,4% year-on-year in August and shrank 2,1% on a monthly basis, pointing to pressure from higher interest rates.

By Staff Reporter
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Article
/ 3 October 2008

Pricing panic

South Africa is not immune to global market turmoil, much as we would like to think otherwise.

By Lynley Donnelly
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Article
/ 30 September 2008

Manuel sees no change in economic policy

SA will keep its current policies to ensure sustained economic growth, despite a change in political leadership, Finance Minister Trevor Manuel says.

By Staff Reporter
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Article
/ 30 September 2008

SA August credit growth slows as rates bite

Growth in demand for credit by South Africa’s private sector slowed to 18,64% year-on-year in August, central bank data showed on Tuesday.

By Staff Reporter
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Article
/ 26 September 2008

Motlanthe’s economic stance praised

Wconomists Moody’s expressed comfort on Friday with the fact that President Kgalema Motlanthe had opted not to tinker with SA’s economic policy.

By Staff Reporter
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Article
/ 25 September 2008

August PPI figure ‘lower than expected’

South Africa’s producer price inflation (PPI) quickened to 19,1% year-on-year in August from 18,9% in July, official data showed on Thursday.

By Staff Reporter
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Article
/ 23 September 2008

SA retail sales fall, point to steady rates

SA’s retail sales fell 4,6% year-on-year in July, data showed on Tuesday, pointing to continued pressure on consumer spending from rates increases.

By Staff Reporter
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Article
/ 22 September 2008

Consumer inflation seen accelerating

The CPIX should accelerate in year-on-year terms to 13,3% in August from 13% in July, RMB financial markets research said on Monday.

By Staff Reporter
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Article
/ 22 September 2008

A silver lining?

Global meltdown could ease SA inflation and interest rates, writes Maya Fisher-French.

By Maya Fisher French
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Analysis
/ 19 September 2008

Ten steps to a new economy

Read the second part of Zwelinzima Vavi’s economic manifesto, in which he looks ahead to economic policies geared towards SA’s future.

By Staff Reporter
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Article
/ 16 September 2008

SA slips down economic freedom rankings

South Africa’s economic freedom ranking has dropped five places in the past year to 54 out of 141 countries, according to a new report.

By Staff Reporter
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Article
/ 15 September 2008

Taxing hot air

Cabinet is backing a radical new tax policy to combat climate change, writes Kevin Davie.

By Kevin Davie
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Analysis
/ 11 September 2008

Walking through the doors

In the first of a two-part series, Cosatu general secretary Zwelinzima Vavi, argues that capital must be disciplined.

By Staff Reporter
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Article
/ 3 September 2008

Developing a competitive edge

South Africa has a spirit of resilience but it needs to build a more tough-minded approach to competitiveness to grow the economy and create jobs.

By Staff Reporter
Beneficiaries must drive BEE
Article
/ 2 September 2008

Beneficiaries must drive BEE

Black people must become familiar with what and how the empowerment process delivers.

By Nkosinathi Chonco
Can SA spend its way to gold?
Article
/ 2 September 2008

Can SA spend its way to gold?

Our 131 Olympic athletes collectively brought back five ounces of silver from Beijing. That’s worth R7 849 at the current silver price.

By Staff Reporter
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Article
/ 15 July 2008

SA unemployment a challenge for economy

SA’s economic growth rate still trails that of most dynamic emerging economies, with unemployment a key challenge to the country’s development.

By Staff Reporter
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Article
/ 7 July 2008

SA needs an inclusive growth path

Kenneth Creamer reviews the Harvard panel’s macroeconomic policy recommendations

By Staff Reporter
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Article
/ 2 July 2008

SA consumer confidence dives to four-year low

South African consumer confidence plunged to a new four-year low in the second quarter of 2008, stung by high interest rates and soaring inflation.

By Staff Reporter
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Article
/ 1 July 2008

Financial pinch slows SA’s partying

South Africans are cutting down on having fun in order to save money, according to research released on Tuesday.

By Staff Reporter
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Article
/ 26 June 2008

SA investor confidence slumps on growth concerns

South African investors have become increasingly pessimistic about expected returns on the domestic equity market, a survey showed on Thursday.

By Staff Reporter
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Article
/ 26 June 2008

May PPI figures ‘a disaster’

SA’s producer price inflation (PPI) accelerated above expectations to 16,4% year-on-year in May, from 12,4% in April, data showed on Thursday.

By Staff Reporter
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