November 2009 - Posts
SARB Governor Marcus today announced no change to interest rates, following a two day meeting of the Monetary Policy Committee. Though there was a tremendous change in presentation style, there was none in policy substance. The Governor presented her...
In this special report Cees looks forward at both the global and local economic situation "After a great fall (2008), success in arresting the fall and stabilizing the economy on a low level of capacity utilization (2009), growth prospects tend to...
Electricity output has continued a steady, if gradual, recovery since March 2009, by now nearly matching the September 2008 level (output rising by 8.8% by August 2009). Unfortunately, this probably also implies that our electricity constraint is coming...
In the twelve months to September 2009, the South African economy lost 366 000 formal jobs. This is 4% of the 9.4 million formal labour force deployed in 3Q2008 (the peak of the employment cycle). In addition, a further 290 000 non-agricultural informal...