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The economy
Wage demands making SA vulnerable
21 May. Wage demands making SA vulnerable. By Ed Stoddard. Reuters. Johannesburg – Big wage hikes demanded by the government-allied trade union in South Africa’s coal and gold industries helped push the rand to a four-year low on Monday, highlighting the ripple effect of the prospect of more turmoil in the industry. The National Union … Continue reading
Statement by IMF on South Africa
13 May. Statement by IMF First Deputy Managing Director David Lipton at the Conclusion of his Visit to South Africa. David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Cape Town: “It has been a great pleasure for me to make my first visit to South … Continue reading
SARB: Composite business cycle indicators for South Africa
23 Oct. Composite business cycle indicators for South Africa. The composite leading business cycle indicator increased by 0,1 per cent in August 2012 compared with the preceding month. Five of the eleven component time series that were available for August 2012 increased, while six decreased. The largest positive contributions in August came from an acceleration … Continue reading
Nedbank: Guide to the Economy
Nedbank Guide to the Economy – October 2012. International background and outlook. The global slowdown continued into the third quarter. There was no relief for the Eurozone as recessionary conditions persisted, while industrial and retail conditions in the US and other developed countries lost further momentum. China and most emerging markets also experienced slower growth … Continue reading
SARB: Composite business cycle indicators for South Africa
25 Sep. Composite business cycle indicators for South Africa. The composite leading business cycle indicator increased by 0,8 per cent in July 2012 compared with the preceding month. Six of the eleven component time series that were available for July 2012 increased, while five decreased. The largest positive contributions in July came from an improvement … Continue reading
Nedbank: Manufacturing production
12 Aug. Nedbank Economic Commentary: Manufacturing production. Manufacturing production in line with expectations. Manufacturing production came out in line with expectations in July, at 5,8 % y-o-y compared to a revised 0,9 % (previously 0,8 %) in June. The annual increase was mainly as a result of higher production in the ‘petroleum, chemical products, rubber … Continue reading
SARB Quarterly Bulletin
South African Reserve Bank, September 2012. Introduction Global economic growth decelerated in the second quarter of 2012 with activity slowing across a wide range of advanced and emerging-market countries after having surprised on the upside in the first quarter of the year. Concerns around debt sustainability and austerity programmes in the euro area continued to … Continue reading
Namibia’s government seeks bigger local share in SA banks
24 Aug. Namibia’s government seeks bigger local share in SA banks. The South African-dominated Namibian banking sector has been put on warning that the country is intent on increasing local participation in financial services. Three of the four commercial banks operating in the country — First National Bank Namibia, Nedbank and Standard Bank Namibia — … Continue reading
SARB: Composite business cycle indicators for South Africa
23 Aug. Composite business cycle indicators for South Africa. The composite leading business cycle indicator decreased by 1,1 per cent in June 2012 compared with the preceding month. Seven of the ten component time series that were available for June 2012 decreased, while three increased. The largest negative contributions in June came from a decline … Continue reading
‘Trevor’s plan’ now faces a political minefield
What has become known as “Trevor Manuel’s plan” — the final version of the National Development Plan released yesterday — will have to navigate a political minefield as sectional interests and zero-sum politics are bound to make its implementation difficult. In his previous life as finance minister, Mr Manuel was initially loved for the fiscal … Continue reading
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