Economy

BMI View: The external position will remain strong, but it will become more difficult in the future to continue to accumulate official foreign assets at the pace of recent years.... 2008-09-26

Despite the deteriorating global economic outlook, we envisage real GDP growth of 4.6% in 2008, up from 3.7% in 2007, driven primarily by strong diamond and uranium output.

Inflation is probably now in the region of 20,000,000%, but reliable estimates are unavailable. The official interest rate and foreign exchange mechanisms are no longer used by the... 2008-09-25

BMI View: Headline inflation rose to 15.1% y-o-y in August, up from 15.0% y-o-y in July. We believe price rises will soon peak, and then decline to 11.9% by end-08.

Inflation rose to 9.5% in August 2008, up from 9.1% in July, and we have revised up our end-08 inflation forecast to 9.0% from 8.5%, and ticked up our average 2008 inflation forecast... 2008-09-24

Inflationary pressures continue to build in South Africa's economy, with CPIX (which excludes interest rates on mortgage bonds) climbing to 13.6% y-o-y in August, up from 13.0% in... 2008-09-24

The Mauritian all-share index's high weighting of financial service companies is likely to compound our already bearish view on Mauritian equities in the short-to-medium term, though... 2008-09-24

BMI View: Mining and tourism should provide a boost to growth in Madagascar over the coming five years, with oil potentially contributing by 2012. We are forecasting annual real... 2008-09-23

BMI View: Headline inflation came in at 10.6% y-o-y in July, up from 9.2% the previous month and 8.1% at the end of 2007. We feel it is close to peaking, however, and are forecasting... 2008-09-23

BMI View: In our view, Angola in 2008 is set to see real GDP growth almost halve from 21.1% in 2007, albeit to a still-impressive 12.4% rate, as expansion in the oil sector slows.... 2008-09-23