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    SOUTH AFRICA: CPI rises to 6.1% in November 

    by
    BuaNews
    Published on 14th December 2011 01:21 PM

    Pretoria - The Consumer Price Index (CPI) in November came out lower than market expectation, rising to 6.1%.

    "The headline CPI annual inflation rate in November 2011 was 6.1%. This rate was 0.1 of a percentage point higher than the ...

    SOUTH AFRICA: Cabinet reacts to Moody's rating 

    by
    BuaNews
    Published on 24th November 2011 08:09 PM

    Pretoria - Cabinet has disagreed with a decision by bank rating agency Moody's Investor Service to downgrade the rating of South African banks from "stable" to "negative", saying its economic policies were supportive ...

    SOUTH AFRICA: No more 5 cent coins 

    by
    BuaNews
    Published on 24th November 2011 08:06 PM

    Pretoria - South Africa will no longer be making 5 cent coins, says Cabinet spokesperson Jimmy Manyi.

    Briefing the media on Thursday, Manyi said at its ordinary meeting on Wednesday that ...

    SOUTH AFRICA: CPI reaches 6% in October 

    by
    BuaNews
    Published on 23rd November 2011 03:12 PM

    Pretoria - The Consumer Price Index (CPI) in October rose to 6%, reaching the upper end of the target range, Statistics South Africa (Stats SA) said.

    "This rate was 0.3 of a percentage point higher than the corresponding annual rate of 5.7% in September ...

    SOUTH AFRICA: Eskom records R12.8bn in profits 

    by
    BuaNews
    Published on 23rd November 2011 03:05 PM

    Pretoria - Eskom reported strong financial results with a net profit of R12.8 billion in the six months ended in September compared to last year's R9.5 billion.

    "The results for the six months to end September 2011 reflect increased net profit of R12.8 billion (which ...

    SOUTH AFRICA: Economic growth not encouraged by high inflation 

    by
    BuaNews
    Published on 9th November 2011 07:15 AM

    Pretoria - Low interest rates and high inflation do not encourage economic growth, economist Chris Hart said on Tuesday.

    "Low interest rates in the developed world have become counter-productive.... Growth has to be funded. In South Africa where interest rates are at 5.5%, we cannot get growth ...

    SOUTH AFRICA: New appointments for Broadband Infraco 

    by
    BuaNews
    Published on 19th October 2011 07:35 PM

    Pretoria - Public Enterprises Minister Malusi Gigaba has appointed six non-executive board members and a chairman of Broadband Infraco.

    Mandla Ngcobo, 51, who is an admitted attorney and holds an LLB and LLM Degree, is the incoming chairman. He was previously a Chief Executive ...

    SOUTH AFRICA: CPI rises to 5.7% in September 

    by
    BuaNews
    Published on 19th October 2011 07:34 PM

    Pretoria - The Consumer Price Index in September rose to 5.7%, Statistics South Africa (Stats SA) said.

    "This rate was 0.4 of a percentage point higher than the corresponding annual rate of 5.3% in August 2011. On average, prices increased by 0.4% between August 2011 and September ...

    SOUTH AFRICA: Retail trade sales increase in August 

    by
    BuaNews
    Published on 19th October 2011 07:33 PM

    Pretoria - Retail trade sales increased by 7.1% in August above market expectation, Statistics South Africa (Stats SA) said.

    "Retail trade sales in real terms increased by 7.1% year-on-year in August 2011. The ...

    SOUTH AFRICA: PPI rises to 7.4% in June 

    by
    Admin
    Published on 29th July 2011 01:37 PM

    Pretoria - The Producer Price Index (PPI) in June rose to 7.4 percent, Statistics South Africa (Stats SA) said on Thursday.

    "This rate is 0.5 of a percentage point higher than the corresponding annual rate of ...

    SOUTH AFRICA: Unemployment rises to 25.7% 

    by
    Admin
    Published on 29th July 2011 01:35 PM

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    Pretoria - Unemployment in the second quarter of rose to 25.7 percent compared to the first quarter's 25 percent, Statistics South Africa (Stats SA) said.

    "The unemployment rate increased by 0.7 of a percentage point between quarter one (25 percent) and quarter two (25.7 percent)," said Stats ...

    SOUTH AFRICA: Public thanked for their patience during petrol strike 

    by
    Admin
    Published on 29th July 2011 01:33 PM

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    Pretoria - The South African Petroleum Industry Association (Sapia) has thanked the public for its patience during the petroleum sector strike, which ended on Thursday.

    "We thank the public for their patience during ...
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