Any direct impact of the sub-prime mortgage turmoil on the South African financial system is likely to be negligible, the Reserve Bank said on Thursday.
> Financial system remains sound
Lower-than-forecast broad M3 money supply and private sector credit extension is unlikely to prevent an interest-rate hike, economists said on Monday, with higher consumer inflation remaining key.
Jittery investors will closely eye the ANC election conference next week, fearing a victorious Jacob Zuma would chart a leftist course to appease his communist and labour backers.
There is potential for severe pressure on the rand due to a high current account deficit combined with slow growth and an uncertain political climate, says chief economist from Investment Solutions Chris Hart.
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