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South Africa has a problem with inflation.

Publication: Market Africa Mid-East
Publication Date: 01-JAN-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
One battle the South African Reserve Bank does not want to fight at the beginning of 2007 is a fight over inflation. But that is the fight it faces.

And it is a losing battle.

South Africa's consumers are borrowing and spending furiously. And this threatens to derail the Reserve Bank's goal to keep inflation within its target range.

A posting on AllAfrica.com on December 7, 2006 quoted the head of the Reserve Bank as saying that currently South Africa's inflation rate was expected to be within range "for all forecast years."

The quote was part of...

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