South Africa

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South Africa's building boom looks set to continue, with confidence within the construction industry at near record highs.
South Africa's central bank may be sending warning signals about the high levels of household debt, rising inflation and the widening trade deficit, but it appears that the country's consumers aren't taking much notice.
Recently released statistics on South Africa's crime rates have put additional pressure on the government to address a problem that has long plagued society as well as the country's economy.
The governor of the South African Reserve Bank has suggested a further increase in the interest rate might curb high consumer spending after the latest inflation figures came in well above the bank's target and household debt levels remained disturbingly high.
Into its third week, the strike by South African public servants appears no closer to coming to an end, and indeed looks set to spread, increasing the impact on the country's economy.
South Africa's leading mobile phone network operator Vodacom announced it intends to move into the fixed-line sector, a step that will put it into direct competition with its own major shareholder, landline operator Telkom.

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