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.
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 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
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