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May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 24 2012 15:29
The Reserve Bank will maintain current interest rates, says governor Gill Marcus.
May 24 2012 12:00
Britain fell deeper into recession than initially thought in the first quarter of 2012, upping chances that the central bank could inject more stimulus into the economy.
Pretoria - The government raised its pay offer to civil servants on Thursday to try to avert a strike by nearly 1 million public workers that could cripple commerce in the continent's largest economy.
The Public Service Ministry said in a statement it was prepared to increase salaries by 7%, from its previous offer of 6.5%. The offer of a monthly housing allowance of R630 remained unchanged.
Unions are demanding an increase of 8.6% - double the inflation rate - and a housing allowance of R1 000, which would put pressure on the state budget.
- Reuters