The Johannesburg Stock Exchange ascended to a fresh high this week as platinum and mining shares continued to recover.
Disappointingly, the International Monetary Fund (IMF) cut SA’s growth forecast to 2% for this year from 2.3%, citing electricity shortages as one of the biggest impediments to growth in the economy.
Local retail sales rose 4.2% year on year in February, the highest level in a year, suggesting that consumers are spending slightly more due to higher disposable incomes from lower fuel prices, lower inflation and stable interest rates.
China’s economy grew in the first three months of 2015 at its slowest quarterly pace in six years as GDP rose 7 percent from a year earlier.
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