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Nedbank's group chief economist Nicky Weimar says the only way government can ensure that SA doesn't land in a fiscal crisis would be to cut its spending and generate tax income. ....
Slight slump in SA retail sales in July due to civil unrest iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Producer prices remain at five-year high last month By Siphelele Dludla Share Consumers will continue forking out slightly higher prices for goods as producer prices remained elevated near a five-year high in June. Data by Statistics South Africa (StatsSA) yesterday showed that annual headline producer price inflation (PPI) for final manufactured goods jumped 7.7 percent in June. This June producer inflation followed a 7.4 percent rise in May and was slightly above market expectations of a 7.3 percent surge. StatsSA said this was the biggest annual rise in headline PPI since February 2016 when the rate was 8.1 percent. A low base effect from last year also weighed in on the PPI reading as producer prices increased by a smaller 0.5 percent in June 2020. ....
Private-sector credit remains constricted Share GROWTH in private-sector loans remained in contractionary territory for the fourth consecutive month in June as corporates reduced taking credit on Covid-19 induced activity. Data from the SA Reserve Bank (Sarb) yesterday showed private sector credit fell by 0.5 percent year-on-year in June, following a 0.42 percent decline in May. This decline in private sector credit extension was worse than expected as it missed the market consensus of a 0.4 percent gain. The Sarb said the decline was primarily due to corporate credit, which has been subdued, recording no monthly growth for the third consecutive month in June. ....
Food prices to remain high despite easing of consumer price inflation iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.