Definitions
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Etymologies
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Examples
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Glynos said the fourth quarter figures may help reassure investors that economic prospects were "not as desperate and bad as it looked at the beginning of the year" but this depended on the government's ability to contain the power crisis.
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SARB through its aggressive reduction of the NOFP would indirectly help their cause, Glynos said.
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Glynos said economic growth forecasts should be revised down to between 2,5 and 2,7 percent, from Manuel's budgeted prediction of
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Glynos said he was not expecting a large drop in the inflation target for after 2002, but Manuel could indicate longer-term views on inflation levels.
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That, and the lack of a viable lease, Glynos said, is why bidders were reluctant.
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Glynos said the rand was boosted by worse-than-expected March consumer inflation data which had fuelled speculation that an interest rate cut may now only come in September rather than as expected in June.
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South Africa, "Glynos added, as the ruling African National Congress
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This would be a precautionary measure in meeting their inflation targets, "Glynos added.
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