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Nedbank
 

SOME ECONOMIC GOOD NEWS ...
with a sting in the tale!

* Food Price inflation has come down at last! From a crippling 16% a year ago, food inflation has dropped to a far more acceptable 1.6% in January – its lowest level in 35 years.   Experts and those in the retail trade believe that we should be able to hold these low food prices for at least six months.

* According to Statistics SA, the Consumer Price Index for February fell to 5.7%, a more than 3-year low, indicating a fairly widespread decline in the cost of food and clothing.  Market forecasters predict that it will fall to 5.9 of the Reserve Bank’s inflation target of between 3 and 6%.

*  Manufacturing confidence rose by 9 index points to 28 in the first quarter of 2010, according to a business survey from Rand Merchant Bank and the Bureau for Economic Research (BER).  Exports accounted for about a third of the manufacturing sector which makes up about 15% of the economy’s overall output with domestic demand still lagging behind.

* The sting in the tale is the increase in electricity which kicks in on April 1st and which inevitably raise prices across the board.

 
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SOME ECONOMIC GOOD NEWS ... with a sting in the tale!
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FASA PRESENTS A ONE-DAY FRANCHISE CONVENTION ON FRIDAY 7TH MAY 2010 AT THE SANDTON CONVENTION CENTRE, JOHANNESBURG
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FINANCIAL MANAGEMENT TRAINING COURSE FOR FRANCHISEES

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