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Consumer inflation drops further

Consumer inflation eased further in December, Stats SA said on Wednesday, raising the chance of a 100 basis points cut in the repo rate next month.

Petrol, diesel prices to jump in May

South African petrol pump prices and wholesale diesel prices will rise sharply next week, the government said on Wednesday, adding to inflationary pressures. The Department of…

February retail sales growth accelerates

South Africa’s retail sales growth accelerated to 2,5% year-on-year in February at constant prices, from an upwardly revised 0,7% growth in January, Statistics South Africa said…

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…

SA November manufacturing slows

Growth in South Africa’s manufacturing output volumes eased in the year to November, data showed on Thursday, but this might not sway the central bank’s next decision on interest…

Manufacturing output quickens to 5,2%

South Africa’s manufacturing output recovered in October to grow an unadjusted 5,2% year-on-year in volume terms, after contracting 1,4% in September, official data showed on…

Zuma brushes off scandals to lead race

Jacob Zuma is hounded by corruption allegations and his rape trial often overshadows his status as a hero of the anti-apartheid struggle. Yet the burly Zulu politician has…

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…

Interest-rate hike ‘a near certainty’

The continued strong rises in credit extension provided little counter to the shocking inflation figures released on Wednesday and the chances of an interest-rate hike next week…

SA GDP growth increases in third quarter

South African third-quarter growth rose to an annualised 4,7%, beating forecasts and backing the case for another interest-rate hike. Statistics South Africa on Tuesday said the…

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…

‘Strong borrowing still going on in the economy’

Growth in demand for credit from South Africa’s private sector slowed in September, but remained above forecasts, keeping up pressure for higher interest rates. Credit growth…

July PPI ‘very disappointing’

South Africa’s producer price index (PPI) rose by 10,3% year-on-year (y/y) in July from a 10,4% year-on-year increase in June, Statistics South Africa (Stats SA) data on Thursday…

GDP growth slows in second quarter

South Africa’s real gross domestic product (GDP) at market prices on a quarter-on-quarter seasonally adjusted annualised (saa) basis rose by 4,5% in the second quarter of 2007…