SARB issues bleak Quarterly Bulletin


The South African Reserve Bank released its December quarterly bulletin on Thursday and set a gloomy tone with its updates.

"The South African economy continued to expand in the third quarter of 2011 but at a lacklustre pace," the document laments. Third-quarter production was "held back" by industrial action that "especially made itself felt in the mining and manufacturing sectors", it added.

Aside from domestic woes, the central bank noted that as international investors became more risk

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