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MPC keeps repo rate at 5.5 percent
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… that it is of the view that the domestic consumption recovery will be sustained. "While there are increasing risks … to revised assumptions of the international oil price. The economic outlook globally said the Reserve Bank remains …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 …Monthly vehicle sales show decline
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… of the new car emissions tax regime. Certain domestic economic performance indicators such as the Purchasing … Managers Index and the Reserve Bank's leading indicator of economic activity also suggested that domestic economic … in the case of export sales, the sustainability of the recovery in the global economy," explained NAAMSA. Standard …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 …SA growth projections lower in 2011, 2012
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… Monetary Fund (IMF) said on Tuesday. In its latest World Economic Outlook (WEO) report update, the IMF said the … sub-Saharan Africa have recovered quickly from the global economic meltdown with the region projected to grow 5.5 percent in 2011. "But the pace of the recovery has varied within the region. Output growth in most …GDP expected to reach 3.8% in 2011: BER
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… is forecast to reach 3.8 percent in 2011, the Bureau for Economic Research (BER) said on Thursday. "For 2011, the BER … a projected 4.3 percent in 2010," said the bureau. Recent economic data strongly suggests that GDP growth accelerated … of 1.7 percent recorded in 2009. Importantly, the growth recovery to date has not been broad-based, with robust …Zuma wishes Madiba well
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… from around the world in wishing Nelson Mandela a speedy recovery after he was admitted to hospital on Wednesday for … routine tests. President Zuma, who is attending the World Economic Forum annual meeting in Davos, Switzerland, is being …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 …Economy sees growth at end of 2010
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… and business services contributed to the increase in economic activity in the fourth quarter, with the … "Today's GDP figures are encouraging, suggesting that the recovery is no longer confined to spending but also supported … spending and infrastructure constraints hold back the recovery. …Better education, state delivery needed for NGP success
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… for the government's New Growth Path by the Minister of Economic Development Ebrahim Patel. Iraj Abedian, chief … Deputy Director General for policy at the Department of Economic Development says there was a tendency by many … in the first social pact, the Programme for National Recovery (PNR). Azar Jammine, chief economist of Econometrix, …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 …Marcus confident in SA bank notes
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… in a challenging environment. "We are part of the global economic system and the serious difficulties facing many … way or another challenges too," she said. Domestically, recovery from the economic crisis has been fragile with disappointing growth …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 …New vehicle sales improve in November
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… compared to the corresponding month last year. "The strong recovery in sales of heavy and extra heavy trucks in recent … in the case of export sales, the sustainability of the recovery in the global economy. "For 2011, domestic new car … commercial vehicle sales, on the back of higher projected economic growth, could rise by up to 15 percent," said NAAMSA. …SA declares war on road accidents
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… focus on road maintenance and potholes, public transport, economic infrastructure and communication and stakeholder … road crash in Limpopo ... and wish those injured a speedy recovery," said the minister. …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 …