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JOHANNESBURG, Sept. 21 (Xinhua) -- South Africa's consumer inflation slowed to 5.9 percent year on year in August, from the six percent reported in July, data released on Wednesday showed.
Contributors to the annual change of 5.9 percent in CPI were food and non-alcoholic beverages at 1.7 percent, housing and utilities at 1.4 percent and miscellaneous goods and services at 1.1 percent, among others, according to data from the Statistic South Africa.
According to Statistics South Africa, food and non-alcoholic beverage inflation was 11.3 percent, but food inflation, which alone carries a 14 percent weight on the CPI basket, rose slightly to 11.6 percent year on year in August from 11.5 percent in July.
The ease in inflation in August was within the expectations of many economists.
"We expected the CPI (consumer price index) inflation rate to decline in the month of August compared with July. One of the factors for expecting this decline was due to the fact that the petrol inflation declined in the month of August compared with July," Laura Campbell, an economist at consulting firm Econometric, told Xinhua.
She expressed belief that the South African Reserve Bank (SARB) will not increase rates when it concludes its meeting on Thursday.
"Inflation has been coming down and as a result we are not expecting the Reserve Bank to hike rates," said Campbell.
Lesiba Mothata, a chief economist at Investec, concurred with Campbell, saying the current strength of the rand would not see the Reserve Bank hike the repo rate.
"The local currency has appreciated and is stable. As a result of that, I don't expect any further interest-rate hikes in this tightening cycle," Mothata said.
However, despite the overall moderation in August, South Africa's inflation still remains at the upper end of, or outside, the three percent to six percent target band. It has been outside the Reserve Bank's target of three to six percent since the beginning of 2016, and was just within it in July. Enditem
BEIJING, Sept. 29 (Xinhua) -- New rules requiring China's e-commerce platforms to improve food safety management will take effect from October 1.
Third-party online supermarkets must take responsibility for poor-quality food products sold by stores registered on their platforms, according to the new rules formulated by the China Food and Drug Administration.
Online platforms must establish a sound system to check vendors qualifications and the quality of their products, and suspend operation of violating stores in a timely manner, the rule said.
Staff of the administration will make purchases on the platforms and then test the food to check standards are being met, it said
In other changes, Chinese investigators in criminal cases will now be able to retrieve and freeze electronic data as evidence, as part of new regulations
The regulation allows courts, procuratorates and police authorities to retrieve electronic data, such as those posted on websites, social networks and popular communication apps, from individuals and organizations implicated in criminal cases.
Several other rules come into force on October 1, including one requiring professional test for drivers providing on-demand mobility services, and one streamlining procedures for registering a new company.
LAGOS nike hyperadapt pas cher , Nov. 6 (Xinhua) -- Nigeria's Minister of Sports Bolaji Abdullahi has said no team at the ongoing FIFA U-17 World Cup can stop the Golden Eaglets from lifting their fourth title.
In a statement reaching Xinhua on Wednesday, the minister said the Eaglets were now unstoppable after their 3-0 win over Sweden in the semi- finals.
He was quoted as saying that the trophy would be a good end-of-the-year gift to President Goodluck Jonathan.
"The team is exceptional and their expected victory will be a good end-of-the-year gift to President Jonathan for his support and abiding commitment to the sports sector nike hyperadapt france ," he added.
The statement said the minister had travelled to the UAE earlier this week in the company of former Super Eagles captain Kanu Nwankwo, to cheer and support the players.
Nigeria on Tuesday defeated Sweden 3-0 to reach the final of the Under-17 World Cup in United Arab Emirates.
The Golden Eaglets will face reigning champions Mexico in Friday's final as they seek a record fourth title.
Nigeria vows to crush Sweden in FIFA U-17 WC semi
ABUJA nike hyperadapt achat , Nov. 3 (Xinhua) -- Nigeria will go all way out Tuesday to crush Sweden when both countries slug it out to book a place in the final of the ongoing FIFA U-17 World Cup taking place at the United Arab Emirate (UAE), coach of the Nigerian team said on Sunday.
Nigerian coach Manu Garba Homme John Elliott X Nike Vandal High Noir Pas Cher , in a statement released by team media officer Morakinyo Abodunrin, described the forthcoming semifinal encounter as a "dream match" for the Nigerian team. Full story
Nigeria fears Uruguay at FIFA U-17 World Cup
ABUJA Femme Nike Epic React Flyknit Grise Blanche Pas Cher , Oct. 30 (Xinhua) -- The Nigeria Football Federation (NFF) on Wednesday expressed fears that the Golden Eaglets may suffer a defeat in the quarterfinal match against Uruguay at the ongoing FIFA Under 17 World Cup hosted by the United Arab Emirates.
Abdulrafiu Yusuf, Chief Technical Officer of the NFF Homme Nike React Hyperdunk Flyknit Noir Rouge Pas Cher , told reporters in Abuja that Uruguay, which will confront the Nigerian side on Saturday Homme Nike Flex 2018 RN Blanche Noir Pas Cher , could pose a threat to the Golden Eaglets.
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