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South African producer-price inflation was unchanged at 5.2 percent in December, giving the central bank room to keep interest rates at their lowest level in more than 30 years to stimulate growth.
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South African retail sales growth quickened for the first time in three months in November, signaling a recovery in consumer spending.
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South African inflation is likely to ease for a fifth month, giving the central bank what may be a last chance to cut the key interest rate before higher wages begin to push up the consumer price index from a four-year low.
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South African manufacturing output rebounded in October as a series of mining and transportation strikes tailed off.
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South Africa’s credit rating is headed to the brink of junk within the next year as investors anticipate Standard & Poor’s will follow last week’s downgrade with another cut, trading in default swaps shows.
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South Africa’s inflation rate rose for a second month in September to 5.5 percent, more than economists expected, as fuel and food prices climbed and a weaker rand boosted import costs.
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South African Finance Minister Pravin Gordhan may push back next year’s budget deficit target for the second time in four months as economic growth fails to meet projections and cuts into tax revenue.
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South African credit growth accelerated to 6.1 percent in August as the central bank kept its key lending rate at a 30-year low for the longest period since 2006 to support economic growth.
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South African credit expanded at the fastest pace in more than 2 1/2 years in January, easing pressure on the central bank to provide more stimulus to the economy.
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South African credit growth accelerated at the fastest pace in more than three years in March as the central bank left borrowing costs unchanged at a 30-year low, boosting lending in Africa’s biggest economy.
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