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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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Date & Weather

Date: 04.02.2012
Time: 18:01

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 (25th Nov 2009): Inflation down and Recession ends

News-Archive


Inflation down and Recession ends - 25th Nov 2009

Not only backed by a lower oil price the inflation rate in South Africa has finally arrived back in the Reserve Bank's target corridor. The consumer price index (CPI) on a year on year basis was announced this morning has fallen to 5.9%.

Also this morning Statistics South Africa announced that the Recession has come to an end as the economic growth has returned to a positive 0.9%.

Though this is good news, it does not mean that a big consumer spending can be expected, as a quarter of the population (24.5%) is still unemployed.
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