The October edition of the Reuters South African Survey of Economists has just been published. (The Reuters Econometer is a measure of economic sentiment drawn from a monthly poll of forecasts by leading economists in South Africa and abroad and presented in the form an index). The weightings used in the index are: GDP growth - 25%; CPIX inflation - 20%; Producer Price Inflation - 5%; Prime Interest Rate - 20%; 10-year bond yield - 5%; Rand-Dollar Depreciation - 25%.

The Reuters Econometer fell for a third consecutive month in October, falling to 235,60, its lowest level since September last year. Confidence in SA’s economy fell as demand and manufacturing capacity is seen taking longer to improve, as a result of the looming increase in power tariffs, which is expected to further