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Economy

Ratings agency may opt to delay downgrade

Standard and Poors. Picture: REUTERS

Standard & Poor’s may opt for a ‘hawkish hold’ to give SA time for fiscal consolidation to show outcomes, if any

Economy

Producer prices slightly down but effect of drought still to kick in

Picture: THINKSTOCK

Producer price inflation slows slightly but the manufactured food and petroleum categories continue to drive the data

Economy

Avoid attempts at quick fixes to the economy, Fitch warns

Picture: REUTERS

Ratings agency Fitch, which rates SA’s debt at one notch above speculative grade, is expected to publish a review of the country’s debt rating next week

Economy

Slight decline in producer price inflation in April

Picture: THINKSTOCK

Producer price inflation, commonly seen as a leading indicator for consumer price inflation, slows to 7% in April from 7.1% in March

Economy

Shared vision for economic development in SA is vital, Motlanthe says

SHARED VISION: Former president Kgalema Motlanthe. On Thursday at an indaba in Sandton he called for collaboration, which would reduce the trust deficit between the government, business and labour. Picture: SOWETAN

SA’s competitiveness and labour market reform must be addressed to boost employment growth, says Kgalema Motlanthe

Trade & Industry

Trade deal will help some local products gain better access to the EU

Minister of Justice and Constitutional Development, Jeff Radebe . Picture: GCIS

SA has also negotiated a bilateral protocol on geographic indicators with the EU, where names of products such as rooibos, honeybush and Karoo lamb will be protected

Economy

Reserve Bank’s leading indicator edges up in March

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

Composite leading business cycle indicator, a forecasting measure used by Reserve Bank, edges up in March, suggesting letup in tough business conditions

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

Bank needs to look at inflation in a new way

Brian Kantor: Monetary policy in SA needs a different narrative, one that will preserve the credibility of the Reserve Bank

Economy

Revised GDP data reveals slower growth

Picture: THINKSTOCK

The revised data show GDP growth at a seasonally adjusted and annualised 0.4% in the fourth quarter of 2015 from 0.6%

Economy

Ratings agency reprieve ‘is probable and plausible’

Standard and Poors. Picture: REUTERS

Economists say an S&P downgrade is not a done deal but SA must show it means business to avoid cuts in December

Economy

Rating downgrade will push SA into recession, says chief economist

Picture: SUPPLIED

If Finance Minister Pravin Gordhan quit his position or was sacked, there would be a ‘rerun’ of the financial market in December

Economy

Final quarter 2015 GDP growth revised lower to 0.4% from 0.6%

Picture: THINKSTOCK

Gross domestic product contracted 2% in the second quarter of 2015, revised higher from a 1.3% decline, Statistics SA says

Opinion

Inequality in SA will be colour-coded for some time

Due to strong overlap between class and race forged by apartheid, inequality will continue to be colour-coded in SA for many generations to come

Economy

Credit regulator could get new powers

Picture: ISTOCK

The National Credit Regulator’s new powers are set to include imposing fines, proactive investigations, and implementing debt-relief programmes

Economy

Debt forgiveness for consumers on cards

Picture: THINKSTOCK

The main concern is the knock-on effect of debtors withholding other repayments in case of further debt-relief measures

Industrials

State is preparing measures to protect the primary and secondary steel industry

CONCERNS: The government says it is acutely aware of the problem of higher steel prices and is working on plans to provide relief to domestic steel producers.  Picture: REUTERS

DA says steel price increases imposed by ArcelorMittalSA this year have had a devastating effect on downstream manufacturers

Opinion

State’s industrial policy needs support

A PPC Lime manufacturing plant.  Picture: SUPPLIED

Ipap objectives are excellent — to stimulate manufacturing and to bring about more industrialisation

Opinion

Pursuit of Treasury will be Zuma’s Achilles heel

Economic decline may be Zuma’s Achilles heel, implying that his course of action with regard to the Treasury could be the key to his eventual downfall

Industrials

South African steel production falls to 539,000 tonnes in April

Picture: EVRAZ HIGHVELD STEEL & VANADIUM

Production dipped 7.18% year on year as the industry battled electricity supply disruptions and subdued domestic demand

Economy

Business debt index improves slightly in first quarter

Picture: THINKSTOCK

Local businesses in a slightly better financial position and better able to repay debt after raising selling prices faster than before, Experian’s business debt index shows

Picture: THINKSTOCK

EDITORIAL: Be wary of the easy money

Mozambique in dire straits following disclosures that the government hid at least $1.4bn in government-guaranteed foreign debt from its creditors

Economy

Poor data may disrupt Reserve Bank’s hiking cycle

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

While data support unchanged interest rates inflation is expected to continue to rise on higher food prices and the weaker rand

Economy

ANC proposes another round of debt forgiveness for retrenched workers

Picture: ISTOCK

Party says money could come from surpluses of government entities such as Unemployment Insurance Fund, and credit watchdog should probe reckless lending

Economy

Hikes paused but Bank warns of more to come

Reserve Bank governor Lesetja Kganyago at Thursday’s briefing. Picture: FREDDY MAVUNDA

Reserve Bank’s rate rises of 200 basis points since 2014 has helped curbed inflation

Opinion

Stats SA will do the GDP job, but let’s be vigilant

Changes at Stats SA are in line with international practice and the agency remains under the watchful eye of the Reserve Bank

Opinion

Stress-eating, self-medicating nation needs rehab

Our failure to binge to lift the economy suggests a desperate need to do something different to turn around the economy

Standard Bank

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