Total Government Debt increased significantly
Real Interest Rates are increasing
The production side of the economy is slowing down
The demand side of the economy is still very sluggish

The economy is still very much moving side ways. The economy is lacking direction. How long can this sideway movement continue???
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Oil Prices appears to be under some pressure
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General Manager: Intergovernmental Relations
KZN Provincial Treasury
Economist (MEcon, US)
033 897 4538
http://www.kzntreasury.gov.za/