South Africa’s consumer inflation expected to fall to 4.5% y/y in June

By bne IntelliNews July 25, 2010
South Africasconsumer inflation is expected to fall to 4.5% y/y in June against 4.6% in Maywith expectations of CPI at 0.3% m/m from 0.2% previously. Private sectorcredit demand is expected to rise by 1.0% y/y, from 0.8% in May, giving thesecond annual rise for two consecutive months. PPI is seen to rise to 7.4% y/yfrom 6.8% in May, with the deficit on the trade account likely to widen to ZAR2bn (USD 268.9mn) from a May gap of ZAR 300mn. Household debt levels remainclose to record highs and companies are too cautious about economic prospectsto borrow further, but banks also have limited funds to extend.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss