SA fourth-quarter data fuels recovery hopes

Friday, March 26, 2010

South Africa's current account deficit narrowed to a 4-1/2 year low in the last quarter of 2009 while household spending and employment rebounded, virtually ruling out chances of an interest rate cut this week.

The central bank said in its latest quarterly bulletin released on Tuesday that the current account gap dipped to a smaller-than-expected 2,8 percent of GDP from a downwardly revised 3,1 percent the previous quarter, aided by higher exports and a drop in dividends paid to foreign investors.

Economists had forecast 3,6 percent for the fourth quarter.

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SA fourth-quarter data fuels recovery hopes

South Africa's current account deficit narrowed to a 4-1/2 year low in the last quarter of 2009 while household spending and employment rebounded, virtually ruling out chances of an interest rate cut this week.

Serowe man 'loses' P1m in crypto trading

MultiChoice appoints Johnson Otlaadisa to the role of Production Supervisor for Mzansi Bioskop Local Film Project

Grieving individuals urged to seek support

BIBDA vows to fight haemophilia

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Inspect the voters' roll!

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Inspect the voters' roll!