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That uncertain electricity supply in South Africa has the potential to damage our own economy is stating the obvious. Not so obvious, however, is the impact of South Africa’s interrupted power supply on the global economy. Debbie Geraghty, head of Alexander Forbes Risk Services’ Metals and Minerals division, says, “Eskom has announced [...] More on this topic (What's this?) Three challenges facing South Africa (Wall Street Sector Selector, 11/14/11) Winter Strikes Help Boost This Metal’s Price (Investment U, 8/1/11) South Africa could also do with interest rate cuts (Wall Street Sector Selector, 11/8/11)
By Andre Roux After holding up at 54.3 in December, the seasonally adjusted Investec PMI declined 2.2 index points to 52.1 in January. Manufacturers’ short-term expectations were revised sharply lower over the month, consistent with the interruption in power supply, rising commodity prices and weaker domestic and global demand. The seasonally [...] | |||||||||||||||||||
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