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News
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Greece, creditors edge closer to deal, talks to continue
Source: Reuters
Greece and its private creditors made progress on Thursday in talks on restructuring its debt, both sides said, and they will continue negotiating on Friday with the aim of sealing an agreement within a few days.
27 January 2012
Fed’s ‘cheap money’ lifts rand, gold and JSE
Source: Business Day
THE rand rallied yesterday to its strongest level against the dollar since Octobe r and gold passed $1700/oz for the first time this year as markets digested the US Federal Reserve’s decision to keep interest rates at historic lows until at least late 2014.
27 January 2012
Oil up as Fed sees low rates through late 2014
Source: Reuters
Crude oil futures rose on Wednesday as investors cheered a plan by the U.S. Federal Reserve to keep interest rates low at least through late 2014, much longer than it had said previously, in a move aimed at helping speed the slow economic recovery26 January 2012
Treasury in U-turn on tax breaks for industry
Source: Business Day
The Treasury has made a complete about-turn in its opposition to tax incentives to promote industrial development.
26 January 2012
IMF shaves 1.1% off SA growth forecast
Source: Business Report
The outlook for South Africa has continued to decline, prompting the International Monetary Fund (IMF) to slice the country’s growth forecast by 1.1 percentage points to 2.5 percent for this year.
25 January 2012
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| FNB Civil |
The FNB/BER civil construction confidence index rose to 26 points in 4Q11 from 21 in 3Q11. Despite the increase, the current reading indicates that three quarters of respondents remain dissatisfied with prevailing conditions. |
| Kagiso PMI |
The seasonally adjusted Kagiso PMI lost some ground in December 2011, falling by 2.2 index points to below the key 50 mark at 49.4. The December pullback followed three consecutive months (September to November 2011) of (marginally) above 50 readings. |
| RMB/BER BCI |
The RMB/BER BCI declined by one index point to 38 in 4Q11. Sentiment improved notably in the retail and wholesale trade sectors, deteriorated further in new motor trade and remained largely unchanged in manufacturing and building. The survey implies a slightly faster GDP growth rate in 4Q11 after the soft patch in 3Q11 |
| FNB/BER CCI |
After falling by 7 index points in 3Q2011, the FNB/BER consumer confidence index (CCI) increased by one index point from +4 in 3Q2011 to +5 in 4Q2011. The one index point change is so small that for all practical purposes one could say that consumer confidence remained unchanged in 4Q2011. Consumer confidence remains above average supportive of consumer spending. However, accelerating inflation will likely dent the growth in real disposable income over the short term. This will probably lead to lower growth in consumer spending given the limited access to bank credit. |
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Kagiso PMI
Dec 1 2011
The seasonally adjusted Kagiso PMI picked up some momentum in November, rising by 1.1 index points ...more
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Inflation Expectations
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BER press release
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Update
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A monthly economic fact sheet accompanying the BER's economic forecast report, Economic Prospects ...more
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Economic Snapshot
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A concise monthly document that provides a graphical overview of recent SA economic developments. ...more
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