Pity poor Zimbabweans, with a food inflation rate of 353%
No water for eight days, electricity cuts for 10 -12 hours at a time and inflation of 353% is making life there almost impossible.
food inflation
Lings: #FeesMustFall halts March inflation (6.3%) – short-term relief, sees 8% year end
Stanlib economist Kevin Lings expects consumer inflation to move noticeably higher over the coming months, ending 2016 at an estimated 8 percent.
#Budget2016 – IRR’s sobering reality. FinMin undershot, stagflation likely outcome.
Ian Cruickshanks provides a sobering reality check of what to expect from the economy in 2016, following Finance Minister Gordhan’s budget address.
SA starts importing maize again, 1m tons needed as drought bites
South Africa is importing maize for the first time in 11 months as the worst drought since 1992 destroyed crops in the continent’s biggest producer, the biggest grain farmers’ organization said.
Unscheduled India rate cut sends stocks soaring
Reserve Bank of India Governor Raghuram Rajan cut interest rates in an unscheduled review to revive growth in economy after inflation eased.
Consumer confidence index edges up to zero
Consumer confidence increased from -1 index point to a level zero in the fourth quarter of this year, according to the FNB/BER Consumer Confidence Index (CCI) released on Thursday.
Shoprite undershoots, fresh buying opportunity if you missed the bull run
Shoprite’s financial results for the year to end June were greeted with some concern by investment analysts, Old Mutual’s Jeanine van Zyl among them. After dropping 8% at one point, the stock stabilised in later trading but still ended just over 5% down on the session. CEO Whitey Basson reckons analysts may have over-reacted, perhaps … Read more
Pick ‘n Pay: Good or bad investment bet?
Thinking of investing in Pick ‘n Pay? Or unloading it from your share portfolio? Cor van Deventer of Seed Investments has put together this general primer for stock market investors who have their eye on this household name. Cor reckons that, with a new CEO at the helm, things should be looking up for the supermarket chain. However, … Read more