South Africa

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Concerns are mounting regarding the price South Africa will have to pay to stage the 2010 World Cup, the largest sporting extravaganza after the Olympics, with the project already facing massive cost overruns.
The programme to reform South Africa's tariff system has been given fresh impetus, heralding a renewed drive for the policy backed by Finance Minister Trevor Manuel and first promoted by him when in charge of the department of trade and industry (DTI).
Inflationary pressure is continuing to mount, despite the best efforts of the reserve bank's Monetary Policy Committee to rein it in.
South Africa has entered the mainstream of carbon finance, offering the opportunity for foreign investors in countries with high levels of greenhouse gas emissions to buy into local projects in return for certified emission reductions (CER) credits.
Despite rising inflation and climbing interest rates, investors haven't lost confidence in South Africa, according to a new report.
Less than a week after raising its repo rate, the Reserve Bank told South Africa the country could see another increase in interest rates before the end of the year.

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