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South Africa: Recession Looms As Retail Sales Plunge
Business Day, 16 April 2009
RETAIL sales dived a record 4,5% in February, much more steeply than expected and backing the case for a hefty interest rate cut at the Reserve Bank's policy meeting at the end of… Read more »
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South Africa: Emerging Markets Rally As Metal Prices Rise
Business Day, 15 April 2009
EMERGING market stocks rallied to six-month highs yesterday on higher metals prices and amid hope that the worst could be over for banks in crisis, with Goldman Sachs posting… Read more »
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South Africa: Factories 'In Deep Trouble' As Output Plunges
Business Day, 9 April 2009
FACTORY output plunged by a record 15% in February, much more sharply than expected and steering SA inevitably towards its first recession in 17 years. Read more »
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South Africa: Manuel and Mboweni Only Appear to Disagree
Business Day, 9 April 2009
PERHAPS it's their good guy, bad guy routine. Finance Minister Trevor Manuel predicts the economy will grow a bit this year and start to recover next year. Reserve Bank governor… Read more »
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South Africa: Commodity Shortages 'Looming'
Business Day, 16 April 2009
MINING group Anglo American said yesterday commodity prices, particularly platinum and copper, were recovering after a turbulent period in the past six months. Read more »
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South Africa: Retail Figures May Signal Start of Recession
Business Day, 14 April 2009
RETAIL sales figures this week are likely to reinforce the view that SA's economy contracted in the first quarter of this year, signalling the start of the country's first… Read more »