{"id":9095,"date":"2012-03-19T15:21:46","date_gmt":"2012-03-19T13:21:46","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-1-s-africa-cact-narrows-spending-quickens\/"},"modified":"2012-03-19T15:21:46","modified_gmt":"2012-03-19T13:21:46","slug":"update-1-s-africa-cact-narrows-spending-quickens","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africa-cact-narrows-spending-quickens\/","title":{"rendered":"UPDATE 1-S.Africa c&#8217;act narrows, spending quickens"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds spending, inflation, Mnyande quotes)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Current account helped by lower non-resident dividend<br \/>\npayments<\/p>\n<p><span><\/span><\/p>\n<p>* Spending up, pushed by households and government<\/p>\n<p><span><\/span><\/p>\n<p>* Households&#8217; debt-to-annual-income ratio still high<\/p>\n<p><span><\/span><\/p>\n<p>By Stella Mapenzauswa<\/p>\n<p><span><\/span><\/p>\n<p>PRETORIA, March 19 (Reuters) &#8211; The deficit on South Africa&#8217;s<br \/>\ncurrent account narrowed in the fourth quarter of 2011, helped<br \/>\nby lower dividend payments to non-resident investors, but<br \/>\nspending by households and government rose, signalling rising<br \/>\nimport pressures.<\/p>\n<p><span><\/span><\/p>\n<p>The current account shortfall edged lower to 3.6 percent of<br \/>\ngross domestic product in the fourth quarter from a revised 4.1<br \/>\npercent in the third quarter, the Reserve Bank said in its March<br \/>\nQuarterly Bulletin released on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It looks good &#8230; The fact that it&#8217;s the government is not<br \/>\nsurprising as it just keeps spending more and more but it&#8217;s good<br \/>\nto see that households are also doing the same,&#8221; said Christie<br \/>\nViljoen, an analyst with NKC Independent Economists.<\/p>\n<p><span><\/span><\/p>\n<p>The shortfall for the whole of 2011 however widened to 3.3<br \/>\npercent of GDP from 2.8 percent in 2010, largely due to a sharp<br \/>\ndeterioration during the second quarter of last year.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds spending, inflation, Mnyande quotes) * Current account helped by lower non-resident dividend payments * Spending up, pushed by households and government * Households&#8217; debt-to-annual-income ratio still high By Stella Mapenzauswa PRETORIA, March 19 (Reuters) &#8211; The deficit on South Africa&#8217;s current account narrowed in the fourth quarter of 2011, helped by lower dividend payments [&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-9095","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\/9095","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=9095"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9095\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}