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Feb 13 2012 12:15
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Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Johannesburg - The ANC's weekend election manifesto could be negative for bonds, suggested Barclays Capital in a research note on Monday.
The analysts thus recommend defensive positions along the bond yield curve.
They feel that money will probably come through increased borrowing rather than higher taxes to fund the proposed programmes.
In its much-anticipated election manifesto over the weekend, the ANC outlined five priority areas for the next five years, namely, employment creation, education, health, rural development and intensifying the fight against crime and corruption.
"In terms of economic policy, the ANC indicated that the focus for SA's monetary, fiscal and exchange rate policies will be to 'actively promote creation of decent employment, economic growth, broad-based industrialisation, reduced income inequality and other developmental imperatives'," noted the Barclays Capital analysts.
- I-Net Bridge