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Another Week AT HOME The SA economy shrank by 3% annualised in Q2 compared with Q1, says Stats SA. The JSE falls 3% on Monday, its biggest dip in five months, led by lower commodity prices and uncertainty over a global recovery. A DTI policy review suggests raising import tariffs and levying an export tax to assist the agriculture sector.
The Reserve Bank MPC cuts the benchmark repo rate by 50 basis points to 7%.
Retail sales fell 6,7% in the year to June, says Stats SA.
Standard Bank Group posts a drop in H1 profit with headline earnings down 27% to 351,3c and credit impairments up 58% to R7,1bn.
The SABC interim board agrees an R11m payout to …