Mail & Guardian
Mail & Guardian
colen garrowlatest news & developments

Confidence at five-and-a-half year low

South Africa’s economic confidence fell to a five-and-a-half year low in April, weighed down by expectations of slower growth, higher inflation and a longer cycle of tighter…

Credit growth jumps, ups rate hike chance

South African private sector credit growth jumped to 22,62% year-on-year in March, knocking expectations of a slowdown in spending and hardening the case for more interest rates…

February credit growth slows to 20,79%

Growth in demand for credit from South Africa’s private sector slowed to 20,79% year-on-year in February, lower than expectations and easing pressure for an interest-rate hike…

January PPI at 10,4%

South Africa’s new basket of producer price inflation stood at 10,4% year-on-year in January, official data showed on Thursday. Statistics South Africa said the headline number…

Manuel’s budget: Mediocre or historic?

Overwhelmingly positive or mediocre? Economists on Wednesday had a variety of impressions to share of Finance Minister Trevor Manuel’s national budget, tabled in Parliament…

Budget changes to inflation targets ‘not likely’

Brait economist Colen Garrow says that while the government’s inflation-targeting and exchange-control policies are overdue to be fine-tuned, it is unlikely that any tangible…

Power crunch raises infrastructure doubts

South Africa’s critical electricity crunch has raised doubts over whether infrastructure can keep pace with an economic boom while the country prepares to host the 2010 Soccer…

November retail growth at four-year low

South African retail sales growth slowed to 0,2% year-on-year in November, the lowest in four years, as higher interest rates put a dampener on consumer spending. Statistics…

CPIX figure a ‘shocker’

South Africa’s targeted CPIX inflation rate quickened to 7,3% in the year to October from 6,7% in September, data showed on Wednesday, above forecasts. Statistics South Africa…