Mail & Guardian
Mail & Guardian
helmo preusslatest news & developments

Mandela steals Zuma’s coronation

Nelson Mandela on Sunday proved he is still the giant of African politics when he made a surprise appearance at the ANC’s final campaign rally.

SA February PPI seen steady at 5,5% y/y

South Africa’s February 2005 producer price index (PPI) is expected to remain at January’s 5,5% year-on-year (y/y) increase. According to an I-Net Bridge survey of economists,…

SA nuclear firm awards design contract

The Pebble Bed Modular Reactor’s (PBMR) fuel division announced on Wednesday that it had awarded a design contract worth R10,5-million to a South African design house, Thermtron…

Petrol price: Good news may be in store

The Department of Minerals and Energy could implement a retail petrol price cut of about 15 cents per litre (c/l) on March 1, given recent trends in both the rand exchange rate…

Manuel tables conservative Budget

South African Finance Minister Trevor Manuel on Wednesday tabled a conservative Budget, eschewing corporate and individual income tax rate cuts, even though the revenue over-run…

Petrol price could drop by 12 cents a litre

The Department of Minerals and Energy could implement a retail petrol-price cut of about 12 cents per litre (c/l) on March 1, given recent trends in both the rand exchange rate…

Budget: Economists expect personal tax cut

Strong South African government revenue growth should allow Minister of Finance Trevor Manuel to cut personal taxes by about R20-billion when he announces the 2006/07 Budget on…

Economists expect no change in rates

All economists surveyed by I-Net Bridge expect no change in interest rates at the end of the two-day meeting of the South African Reserve Bank’s monetary policy committee (MPC)…

Business leaders upbeat on SA growth

Business leaders and economists are very upbeat in their expectations for South Africa’s general economic prospects in years to come, the Bureau for Market Research said on…

No change expected in interest rates

All economists surveyed by I-Net Bridge expect no change in interest rates at the end of the two-day meeting of the South African Reserve Bank’s monetary policy committee (MPC).…

Exchange controls ‘to be relaxed gradually’

The National Treasury is unlikely to deviate from the path it has pursued since 1995, one of gradually dismantling exchange controls in a phased and responsible manner, despite…

Most economists expect no 2006 rate cut

The majority of economists expect no change in monetary policy in South Africa in 2006, but there are economists who are forecasting cuts, and those who are looking for…

FDI expected to keep rand more stable

Foreign direct investment (FDI) is likely to keep the rand more stable in 2006, as it did in 2005, compared with previous years, economists surveyed by I-Net Bridge said. The…

November PPI seen easing to 4,1%

South Africa’s November 2005 producer price index (PPI) is expected to ease to a 4,1% year-on-year (y/y) increase from 4,2% y/y in October and 4,6% y/y in September. According to…

SA property price rise eases

The South African residential property market continues to be buoyant, although the growth in house prices has eased substantially from last year’s peak, Standard Bank economists…

Economist: GDP to remain above 4%

The real growth rate of the South African economy is expected to moderate next year, but remain at or above 4% for four years in a row, Econometrix economist Azar Jammine told a…

Stable rand forecast against dollar

The rand is forecast to remain stable against the dollar over the next three years, but depreciate on a trade-weighted basis, as the United States current-account deficit leads…

Make hay while the sun shines, says Mboweni

Rather than worry about how to get growth going, people should be worrying how to make the most of a South African economy that is "pumping", South African Reserve Bank Governor…

The risk of ‘horrendous’ youth unemployment

The unemployment rate for youths aged between 16 and 25 is 52% in South Africa, while in the Western Cape it is 49%, compared with a national average for all ages of 26,5%,…

Manuel: Youth unemployment in SA at 52%

The unemployment rate for youths aged between 16 and 25 was 52% in South Africa, while in the Western Cape it was 49%, compared with a national average for all ages of 26.5%,…