Africa September 2006

Posted by Scriptaty | 6:04 AM

  • South Africa’s second quarter GDP increased 4.9 percent from the previous quarter and 4.9 percent compared to the same quarter in 2005. Also, the South African Reserve Bank raised the country’s benchmark repurchase rate 50 bps to 8 percent. The increase was the second straight 0.50-percent jump following more than a year of unchanged rates.