| Consumer
Price Index (CPI) & Key Findings: November 2010
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[updated 14 January 2010]
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The headline inflation rate in November 2009 (i.e. the Consumer Price Index for all urban areas in November 2009 compared with that at November 2008) was 5.8%.
The official inflation rate (i.e. the percentage change in the CPI for all urban areas in November 2009 compared with that in November 2008) was 5.8% at November 2009. This rate was 0.1 of a percentage point lower than the corresponding annual rate of 5.9% in October 2009 (i.e. the Consumer Price Index for all urban areas in October 2009 compared with that in October 2008).
From October 2009 to November 2009 the Consumer Price Index for all urban areas remained unchanged.
CPI Headline November 2009 = 5.8%.
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| Interest
Rates
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[updated 14 January 2010]
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Interest is the amount a borrower pays a
lender for the use of the funds borrowed. There are a wide range of
interest rates, including the various rates on deposits, the prime lending
rate of banks, rates on mortgage bonds (home loans), the repo rate of the
South African Reserve Bank, rates charged by micro-lenders and the rate on
government stock, to mention but a few.
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| Competition
Amendment Bill
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[updated 31 August 2009]
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President Jacob Zuma has signed the controversial Competition Amendment
Bill into law. The Bill has been prohibited twice by the Presidency based
on fears that it was unconstitutional.
Businesses have lobbied against the new Bill since it was first tabled in
Parliament last year, as it places a heavy responsibility on company
directors with its provisions on “complex monopolies” and criminal
sanctions against directors. Under the new act, directors and managers can
be held personally liable, and face prison terms and fines, for
price-fixing activities.
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| Transition
to the 2009 Consumer
Price Index (CPI) |
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In February 2009, Statistics South Africa (Stats SA) introduced a revamped Consumer Price Index (CPI) with the publication of the CPI for January 2009. Various changes, methodological and other, will be implemented in the construction of this CPI, and these changes are of three main types.
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| Outlook
into 2009 |
The financial market distress of 2008 was driven primarily by the calamitous
collapse of global economic activity, which hit a wall in June of this year.
Perhaps the best measure of this is global freight rates, which have fallen 96%
since June 2008.
Article
by
Richard
Simpson – Obsidian Capital
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PDF (28kb) CLICK
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| Financial Markets
Directory — Review 2009 |
REVIEW 2009: Contents
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2009 Budget Summary —
Deloitte
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BA 900 summary of SA banks - December 2008 —
Ratings Afrika
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The South African short term insurance industry – is the market turning?
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Global Credit Ratings
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Funding of Healthcare in South Africa —
Liz Still
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Future Design of South Africa’s Healthcare Service —
Liz Still
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The Merger of the JSE and BESA
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Consumer Price Index (CPI)
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Interest Rate Change Dates (Prime and Repo)
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| Deloitte
Tax Grapevine
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[12 February 2009]
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On Wednesday, 11 February 2009, the South
African Minister of Finance, Mr Trevor Manuel, delivered his 2009 Budget
Speech.
This Tax Grapevine summarises the tax highlights of this speech.
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| South
Africa and broader African economic integration
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[02 JANUARY 2009]
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Worldwide,
illegal immigration and economic integration are pressing issues. Whether
it concerns open borders or reducing trade barriers, economic integration
meets fierce resistance and governments are battling to respond
effectively.
Article
by Jason Mattes
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PDF (453kb) CLICK
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