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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: 18:12

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 (3rd Jun 2009): State of the Nation Address

News-Archive


State of the Nation Address - 3rd Jun 2009

President Jacob Zuma says the economic crisis will not derail his government's plans to deal with the country's major challenges.

Delivering his maiden State Of The Nation address at Parliament, Zuma said: "The economic downturn will affect the pace at which our country is able to address the social and economic challenges it faces. But it will not alter the direction of our development."

Outlining his government's priorities for the next five years, Zuma place job creation at the centre of economic policies and committed his administration to a goal of creating about four million jobs by 2014, with half a million of them to come on-stream by the end of this year.

Please read the full speech, which can be downloaded in the IBN Library!
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