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SA credit demand falls, corporates weigh
Demand for credit from South Africa’s private sector fell more than expected in April, reflecting companies’ reluctance to borrow further.
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SA retail sales down
South African retail sales fell more sharply than expected in November, highlighting the weakness of consumer demand.
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Rates seen steady as Marcus takes helm
The SARB will likely keep rates unchanged at the end of a two-day meeting that started on Monday, the first to be chaired by new Governor Gill Marcus.
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SARB: Banks’ bad loans no major systemic risk
Rising credit impairments at South African banks do not pose a major systemic threat to the financial sector, the central bank said on Tuesday.
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SA inflation seen slowing further in August
South Africa’s targeted consumer inflation likely slowed further in August, a poll has shown.
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SA’s July inflation seen easing on food costs
SA’s targeted consumer inflation is likely to have slowed further in July on easing food prices and depressed local demand, a Reuters survey showed.
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Mboweni says SARB should ignore pressure
South Africa’s central bank should pursue its objectives of maintaining price stability regardless of political pressure, Governor Tito Mboweni said.
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SA economic confidence up on World Cup optimism
SA economic confidence rose in July on the back of an expected mild economic recovery next year, the Reuters Econometer showed on Thursday.
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Economic confidence at nine-month low, GDP seen weak
South African economic confidence fell to a nine-month low in June due to expectations that the economy will shrink faster than previously expected.
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Construction workers start indefinite strike
South African building workers began an indefinite strike on Wednesday that will halt work at stadiums for the 2010 World Cup.
