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News Highlight
19th Jan 2012

Interest Rate remains unchanged!

The South African Reserve Bank left its repo rate unchanged at 5.5% on Thursday as expected, with concerns about a slowing economy off-setting the pressures from inflation, which is likely to stay outside its target band for longer than previously expected.

At its first policy meeting of 2012, the bank raised its inflation forecast, saying it expected inflation to be outside its 3-6% target range throughout 2012, with the recent depreciation of the rand being the main ...[MORE]

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Exchange Rates

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Rates are compliment of the ECB and will be updated once a day on weekdays only.

Date & Weather

Date: 04.02.2012
Time: 18:08

Capetown:

Temp.: 29 °C / 84 °F
Wind: S / 13 kn
Sunrise: 05:43
Sunset: 20:15

Johannesburg:

Temp.: 19 °C / 66 °F
Wind: VRB / 3 kn
Sunrise: 05:19
Sunset: 19:22
IBN News (4th Mar 2009): The bad Tide has reached SA

News-Archive


The bad Tide has reached SA - 4th Mar 2009

Reading the newspaper these days is not fun. The last quarter has seen a drop in the manufacturing sector of more than 21% leading to a - 1.8% GDP growth, which brings the current economic growth down to 3.1%. Car sales and consumer spending are dropping, SABC seems to be bankrupt and the Rand is suffering from the hammering of the international markets. The outlook is grim, though public spending continues, preparations for 2010 are well on its way. Regroup, focus, take a deep breath and enjoy the continuing smiles on the faces of the South African people as they are heading for the polls in April!
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