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Mail & Guardian
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SA credit growth slows, giving bank room to cut rates

South African bonds overlooked a weaker rand to open firmer on Friday after credit extension and money supply data surprised to the downside.

PPI data ‘does not bode well for consumers’

South Africa’s producer price index (PPI) rose by 11,8% year-on-year in March from 11,2% in February, Statistics South Africa data on Thursday showed. Dawie Roodt, economist at…

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…

February PPI ‘a shock to the system’

South Africa’s producer price inflation (PPI) accelerated above forecasts to 11,2% year-on-year in February from 10,4% in January, official data showed on Thursday. Statistics…

SA manufacturing output quickens

South Africa’s manufacturing output growth quickened to an unadjusted 1,4% year-on-year in January, despite an energy crisis that knocked industry, official data showed on…

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…

Govt’s power plan for mines expected on Friday

The South African government will on Friday announce whether power supply can be increased to mines while maintaining the stability of the system. The review of consumption comes…

January trade deficit widens to R10,2-billion

South Africa’s monthly trade deficit widened to R10,2-billion in January, compared with December’s R1,2-billion gap, the South African Revenue Service said on Friday. Compared…

Minister: Job cuts at mines unavoidable

South African Minister of Minerals and Energy Buyelwa Sonjica has confirmed that job losses at mines are unavoidable, the South African Broadcasting Corporation reported on…

Inflation surge boosts rate-hike chances

South Africa’s consumer inflation, which jumped unexpectedly in January, raised the risk of further monetary tightening despite worries over slowing economic growth. Statistics…

‘Shocker’ CPIX quickens to 8,8%

South Africa’s targeted CPIX inflation rate quickened to 8,8% year-on-year in January from 8,6% in December, above forecasts, data showed on Wednesday. The all-items consumer…

December PPI quickens at 10,3%

South Africa’s producer price inflation quickened to 10,3% year-on-year in December, above forecasts, after a 9,1% increase in November, official data showed on Thursday. On a…

Dismal mining figures despite price rally

South Africa’s mining sector made a positive contribution to the overall GDP in the third quarter of 2007, but this is not expected to be the case in the fourth quarter,…

Soweto retailers report bustling festive season

The hallways were teeming with shoppers — and perhaps those just wanting to be seen — in Soweto’s spanking new Maponya Mall during December. According to mall management,…

November PPI slows to 9,1%

South Africa’s producer price inflation (PPI) slowed to 9,1% year-on-year in November, below forecasts, from a 9,5% rise in October. On a monthly basis, PPI rose by 0,3% after a…

Expect a restrictive Budget in 2008

South African taxpayers should brace themselves for scant relief when the Budget is announced in February next year as analysts feel Finance Minister Trevor Manuel is likely to…

Trade deficit: ‘SA is now officially in trouble’

South Africa’s monthly trade deficit jumped to a record R14,73-billion in October, compared to September’s R4,3-billion shortfall, the South African Revenue Service said on…

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…

September retail sales growth slows to 2%

South Africa’s retail sales growth slowed to 2% year-on-year in September at constant prices, data showed, but analysts said this was likely not enough to hold off another…

September trade deficit lower at R4,3-billion

South Africa recorded a trade deficit of R4,3-billion in September, compared to August’s R9,1-billion shortfall, the South African Revenue Service said on Wednesday. Economists…