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S&P economists revise downward forecast for South African growth In 2016

06 April 2016

A range of adverse global and domestic factors continue to weaken South Africa's macroeconomic outlook, Standard & Poor's economists said in a report published today.

‘Tough times not impacting take-home pay raises, yet…’

30 March 2016

Unexpectedly, salary payments still beating inflation despite inflation rises, says BankservAfrica.

Headline consumer price inflation hits 7%

23 March 2016

Stats SA reported an increase in headline consumer price inflation (CPI) from an already above-target 6.2% y/y print in January 2016 to a more worrisome 7% y/y print in February 2016.

Rising interest rates: are we close to the end?

22 March 2016

The key takeaway from the Reserve Bank’s Monetary Policy Committee (MPC) Statement of 17 March 2016 is that the Bank’s MPC expects inflation to peak in 2016 and to return to within the inflation target band by late next year. Specifically, the Bank’s forecast shows headline CPI increasing to a peak of 7.3% in 4Q16, before returning to within the target range in 4Q17. The forecast also shows inflation averaging 6.6% in 2016 and 6.4% in 2017. Meanwhile, core CPI is expected to average lower than headline inflation at 6.2% in 2016 and 5.7% in 2017.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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