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  ECONOMIC REPORT
  South Africa
Steep rate hike on the cards 2008-05-19 06:00:01
South Africa's heavy reliance on imported products has helped fuel inflation and make Reserve Bank governor Mboweni's warning of a steep rise in lending rates all the more chilling.
[Full Story...]

  • Stagflation clouds are gathering
  • Mboweni threatens 2% rate increase


  •   International
    e1bn bribery trial starts 2008-05-19 06:00:01
    The first criminal trial in a mammoth bribery probe at German engineering giant Siemens began in Munich yesterday, as the prosecutor warned that it should send a signal to corporations that corruption would not be tolerated.
    [Full Story...]

  • Rice crisis a blessing in disguise for Africa - report
  • Greenspan saved new employer billions


  •   Currencies
    Money can indeed buy happiness, new research reveals 2008-05-19 06:00:01
    The saying goes that money can not buy happiness. But inquiring economists have been working for decades trying to prove or disprove the notion.
    [Full Story...]

  • Harvard's advice to limit rand worries SA economists
  • Rate hikes unable to help rand, says bank

  •  Markets
    Local reaction: Inflation jitters hit bonds 2008-05-19 06:00:01
    Local government bond prices fell yesterday as a record oil price above $130 a barrel raised concern that inflation would soar above a five-year high.
    [Full Story...]

  • Metals push stock index to a record
  • Outlook brightens for rand



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