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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
Johannesburg - Despite the unpopularity of its policies among workers, the South African Reserve Bank (Sarb) will likely keep the policy rate unchanged in the near term unless the economy takes a turn for the worse, said Moody's Economy.com in a note on Friday.
"The central bank will be relying on an improved global economy to lift South Africa out of recession. Although domestic demand conditions are expected to remain weak in the medium term, global indicators of economic performance will likely grow more optimistic in coming months.
"Nevertheless, the global recovery is initially expected to be tepid and uneven, implying it will be some time before South Africa's labour market heals," say the economists.
"For now, there appears to be no ambivalence in the central bank's policies: Controlling inflation takes priority over stimulating growth. The annual headline CPI rate is expected to ease into the Sarb's 3% to 6% target range in the first half of next year," conclude the Moody's Economy.com economists.
The Sarb kept rates on hold at 7% this week.
- I-Net Bridge