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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: 17:31

Capetown:

Temp.: 29 °C / 84 °F
Wind: S / 14 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 (11th Feb 2010): Unemployment rate dropping

News-Archive


Unemployment rate dropping - 11th Feb 2010

Unemployment dropped to 24.3% in the last quarter of last year from 24.5% in the third quarter.

A total of 870000 jobs were lost last year, whereas just over 200000 job opportunities were created through the extended public works programme - falling far short of President Jacob Zuma's promise of 500000 new jobs to be generated by public works.

Though there was a slight decline in unemployment in the fourth quarter of 2009, there was still "room for improvement", Cosatu said yesterday.

Stats SA released its fourth-quarter labour force survey yesterday, in which it noted a "slight" increase of 61000 jobs created between the third and last quarters of the year.
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