Tag Archiveseconomy


Kagiso PMI maintains high level

The seasonally adjusted Kagiso PMI stabilized at a fairly high level of 56.4 during April, only marginally lower than the 13-month peak of 57.2 index points reached in March.   “Both the current activity and forward looking indicators remained robust, suggesting that the improved growth momentum in the factory sector during 2011Q1 was sustained in […]

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Johann Els

SA recovery on track despite global shocks

South African consumers can find some reassurance in the fact that, despite the serious shocks seen around the globe in the first quarter of the year, the economic recovery underway in South Africa is still o­n track and growth prospects remain positive, according to Johann Els (pictured), senior economist at Old Mutual Investment Group SA […]

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Rates increase on the horizon?

Economic developments, particularly the potential second round inflation effects of the past year’s commodity and administered price shocks, would most likely prompt the SA Reserve Bank to hike interest rates towards the end of this year and will continue with hikes in 2012. This was the comment of private client wealth manager Citadel’s Chief Investment […]

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Kagiso PMI stabilises on a high level

    “The seasonally adjusted Kagiso PMI stabilized at a reasonably high level in February, reaching 54.8 index points,” says Theo Vorster, specialist consultant at Kagiso Trust Investments.   “The most heartening trend in the latest numbers is that the PMI employment index rose back above the key 50 mark to 51.6, indicating that the […]

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Petrol price increases

Apart from an additional 10cents a litre and a further 8 cents a litre increases in the petrol price on 6 April – the fuel price may well increase substantially in the next month just from the appreciation in the oil price and the depreciation of the rand. The 10c and 8c increases come from […]

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Budgeting on jobs

As South Africans prepare for local government elections later this year, the Deloitte KwaZulu-Natal tax experts believe Finance Minister Pravin Gordhan would focus the 2011 national budget on job creation and employment incentives rather than raising tax rates. This was particularly relevant when many municipalities were not operating efficiently and required funding for employment. Gordhan […]

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Budget Preview

By André Roux, head of fixed income, Investec Asset Management Since the September Mini Budget, Government revenue has disappointed. All of the big ticket items are going to fall short of the Treasury’s mid-term projections. Although in part a consequence of the post Wold Cup soft patch that the economy experienced in the latter part […]

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