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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: 17:24

Capetown:

Temp.: 29 °C / 84 °F
Wind: S / 14 kn
Sunrise: 05:43
Sunset: 20:15

Johannesburg:

Temp.: 24 °C / 75 °F
Wind: SW / 10 kn
Sunrise: 05:19
Sunset: 19:22
IBN News (22nd Aug 2008): Economic Growth accelerates!

News-Archive


Economic Growth accelerates! - 22nd Aug 2008

South Africa's economic growth is accelerating again in the second quarter of 2008. Statistics South Africa reported that the eceonomic growth has accelerated up to 4.9%. This is predominantely owed to an increas in productivity in the sectors mining and manufacturing. Due to the electricity shortage the groth during the first quarter was only 2.1%, the lowest growth rate in six and a half years.
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