Please find attached Newsletter. Its again a real mix bag. More sideway movements as expected.

I think the trend of the first quarter of 2011 is likely to continue through the rest of 2011. No major changes are expected EXCEPT if oil prices suddenly and significantly increase due to the political unrest ie Saudi Arabia. Oil prices will be the major driver of the recovery.

Continue reading.....

Regards


General Manager: Intergovernmental Relations
KZN Provincial Treasury