Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
South Africa Business Forecast Report Q4 2012

South Africa Business Forecast Report Q4 2012 - new country guide report published


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2013-01-01 02:21:54 - South Africa Business Forecast Report Q4 2012 - a new country guide report on companiesandmarkets.com

BMI sees the South African economy continuing its uneven recovery over the medium term, with real GDP growth forecast to slow to 2.7% in 2012 from an estimated 3.1% in 2011. Although the consumer sector is experiencing a fairly robust resurgence, the supply side is lagging behind, and there are widespread concerns that the recovery is not sufficiently broad-based.

We forecast that South Africa´s repo rate will be kept steady at 5.50% over the medium term. That said, there is a significant risk that rates will be cut. Growth is slowing, inflation is under control and commentary from the central bank is increasingly dovish. On balance, however, we expect the South African Reserve Bank to ´hold fire´ in order to save

 

 

its ammunition in case the eurozone crisis accelerates. Policy uncertainty is relatively high owing to questions over whether President Jacob Zuma will secure another term in office.

Major Forecast Changes

Following a sharp decline in the price of oil over May and June, we now expect that interest rates will be kept on hold through to the end of 2012. Previously, we expected a 50-basis-point rate hike in the final quarter of the year.

Key Risks To Outlook

A sustained bout of global risk aversion with an attendant sharp outflow of portfolio funds would threaten South Africa´s precarious balance of payments. There is the possibility of a sudden uptick in domestic political risk, perhaps surrounding the African National Congress elections in December. A sustained period of high oil prices would exacerbate the alreadysizeable current account deficit.

Click for report details: www.companiesandmarkets.com/Market/All-Sectors/Country-Guide/Sou ..

Browse all All Sectors Country Guide Reports www.companiesandmarkets.com/Market/All-Sectors/Country-Guide?aCo ..

Browse all All Sectors Company Profile Reports www.companiesandmarkets.com/Market/All-Sectors/Company-Profile?a ..

Browse all Latest Country Guide Reports www.companiesandmarkets.com/Market/All/Country-Guide?aCode=f3fb3 ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser