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Headline inflation surprises to the upside after a lengthy period of undershooting expectations.
January 2016 inflation jumped to a worse than expected 6.2% y/y, up from December’s 5.2% y/y as the lower base of last year begins to take hold. The month-on-month number grew 0.8% in a clear sign that pass-through effects are accelerating.
As the country struggles to meet its growth targets, small businesses will once again be put in the spotlight since they will be the hardest hit should South Africa fall into recession.
Key executives from Grant Thornton South Africa, provide commentary and snippets following President Jacob Zuma’s State of the Nation Address this evening, Thursday 11 February 2016:
The strongest deterrent against FSP compliance missteps is or should be: