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Interest rates to remain unchanged- economists

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… is likely to remain stable for some time. "The domestic economic recovery remains fragile. We therefore expect the committee … over the next few meetings," Nedbank said in its weekly economic commentary. Interest rates have been cut by 550 …

Medium Term Budget Policy Statement

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… those who are poor and those who are privileged, want economic growth. But not just any growth. We want economic growth that creates opportunities for meaningful … significantly to global growth. There are signs that this recovery has slowed since mid-year. In the US, the Federal …

Unemployment increases slightly in 3rd quarter

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… and employing, despite four consecutive quarters of economic growth. "The current employment trends suggest that … about the strength and sustainability of the current economic recovery," said Nedbank economist Nicky Weimar. Weimar said …

Positive outlook for August retail sales

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… next meeting in mid November, showing that South Africa's economic recovery remains on a relatively firm footing. "We therefore … have moderated to 7.4 percent," Nedbank said it its weekly economic forecast. Meanwhile, Standard Bank pointed out that …

Business welcomes SARB's interest rate decision

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… rates as is. "BUSA [Business Unity SA] shares the overall economic assessment offered by the Bank today and on a … BUSA also agreed with the Reserve Bank that the current economic recovery is modest and vulnerable, with a growth rate of …

Retail trade sales surprise in December

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… is likely to improve through the course of 2011 as economic recovery continues and interest rates remain low and … remain reluctant to use credit. The still hesitant economic recovery is likely to keep interest rates at current …

Business SA optimistic on 2011 outlook

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… South Africa (BUSA) is "cautiously optimistic" about the economic and business outlook for 2011. "Although economic recovery this year has been mild, and is likely to fall short …

Budget parameters likely to stay unchanged: Idasa

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… the 2011 Budget will be released against a more favourable economic backdrop than the 2009/10 Budgets, which were drawn … amid the recession and job losses. "The current degree of economic recovery and the slightly more favourable fiscal position we …

SA in pleasing position, says Gordhan

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… Cape Town - South Africa is in a welcomed economic position, the Minister of Finance Pravin Gordhan, … faster global growth have been the main forces behind our economic recovery," said Gordhan. He said Gross Domestic Product (GDP) …

Retail sales up 6.1 percent

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… base effects diminish," said Nedbank. The bank said recent economic releases suggest that the overall economic recovery remains fragile, with production still taking …

2011 Budget Speech by Minister Pravin Gordhan, Minister of Finance

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… journey is under way. We have embarked on the long walk to economic freedom. All South Africans aspire to these … transformation and expansion of our social and economic possibilities. In reflecting on commitments made in … Mister Speaker, there are encouraging signs of stronger recovery in the global economy as we enter 2011. But it …

Grim outlook for 2011 global economy - UN

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… New York - The recovery from the global economic crisis has been faced with … on Wednesday. The annual UN report titled the "World Economic Situation and Prospects 2011 (WESP)" pointed to high …

Idasa hopeful about Budget, warns of debt servicing

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… fastest increasing budget item over the medium-term. "The economic backdrop to the 2011 Budget does look more … to be realised. However, Verwey said the continued slow recovery of tax revenue meant that deficit financing remained … of 7.2 percent," he said. According to Idasa, though economic recovery in the narrower sense appears to be …

SA records R4.9bn trade deficit

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… commodity prices is likely to be countered by global economic recovery that is still hesitant. "Imports on the other hand …

Continental cooperation needed to create jobs

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… at regional and continental level to ensure complementary economic and social policies that create decent work … development policies and ensuring regional and continental economic cooperation in ways that promote jobs," said Zuma. … Mildred Oliphant, who told the summit that economic recovery could not be sufficient until there was employment …

E Cape trade doubles

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… Sitembele Mase, said the increase in trade indicated an economic recovery in the review period, following the recession of the … period, partly due to the continued negative impact of the economic downturn and the corporation repositioning itself as …

British Royals to touch down in SA

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… on trade and investment promotion to support Britain's economic recovery; employment opportunities; education and practical …

Royal Highnesses to visit SA

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… on: * trade and investment promotion to support Britain's economic recovery; employment opportunities; * education and practical … anniversary of Independence. Bilateral ties, including economic cooperation, will also be to the fore in Kuwait and …

Implementation should be at core of Zuma's address

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… confidence and the role of business in order to strengthen economic recovery and promote growth. It also hoped that the address … of job creation, poverty reduction, education, economic transformation, infrastructural development and …

SA's current account deficit widens to 3.1%

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… positive profit announcements by domestic companies as the economic recovery proceeded," said the report. …