{"id":14490,"date":"2012-09-11T16:12:03","date_gmt":"2012-09-11T14:12:03","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/s-africas-spending-growth-quickens-to-4-7-pct-in-q2\/"},"modified":"2012-09-11T16:12:03","modified_gmt":"2012-09-11T14:12:03","slug":"s-africas-spending-growth-quickens-to-4-7-pct-in-q2","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-spending-growth-quickens-to-4-7-pct-in-q2\/","title":{"rendered":"S.Africa&#8217;s spending growth quickens to 4.7 pct in Q2"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">PRETORIA, Sept 11<\/span> (Reuters) &#8211; Spending growth in South<br \/>\nAfrica quickened to 4.7 percent in the second quarter from 4.3<br \/>\npercent in the first quarter as growth in fixed capital<br \/>\nformation increased and government spent more on wages, the<br \/>\ncentral bank said on Tuesday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Households continued to tighten purse strings with spending<br \/>\ngrowth registering the lowest rate of increase in two years.<\/p>\n<p><span><\/span><\/p>\n<p>In its September Quarterly Bulletin, the South African<br \/>\nReserve Bank said growth in household spending slowed to 2.9<br \/>\npercent in the second quarter, from 3.1 percent in the previous<br \/>\nquarter.<\/p>\n<p><span><\/span><\/p>\n<p>The bank said persistent increases in prices of<br \/>\nnon-discretionary items such as transport and electricity likely<br \/>\neroded consumer purchasing power.<\/p>\n<p><span><\/span><\/p>\n<p>Household debt increased faster than disposable income,<br \/>\nwidening the ratio of household debt to income by nearly one<br \/>\npercentage point. The bank revised up the first quarter<br \/>\ndebt-to-disposable income to 75.6 percent from the 74.7 percent<br \/>\npreviously reported.<\/p>\n<p> (Reporting by Xola Potelwa; editing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PRETORIA, Sept 11 (Reuters) &#8211; Spending growth in South Africa quickened to 4.7 percent in the second quarter from 4.3 percent in the first quarter as growth in fixed capital formation increased and government spent more on wages, the central bank said on Tuesday. Households continued to tighten purse strings with spending growth registering the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14490","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14490"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14490\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}