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Food prices will not drop with petrol

... face.""It is a typical assumption that fuel prices determine food prices. That is not so," said Dr Azar Jammine, chief economist for Econometrix. "However, we fully expect that the rate at which food prices increase will fall sharply in 2009. We might even see costs come down, although I wouldn't bank on it."Jammine said that while South Africa had experienced slightly negative...

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Downside of new petrol price

... 2009 the company would have to implement its annual fare increase, she said.Econometrix economist Azar Jammine said that although it was unlikely that the fuel price drop would have a knock-on effect, it would give businesses some breathing space and contribute to reduced inflation figures.It would help the economy by making more money available to spend and would knock "at least...

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Jobs scarce abroad, but South Africans move away

... almost 50%."In most instances I think the fundamental reason for leaving is violent crime," said Azar Jammine, chief economist at Econometrix.Peter Gent, chief operating officer of Rand Merchant Bank, said the investment firm is actively sourcing skilled labour overseas because of an exodus of investment bankers, accountants and information technology specialists."Certainly from the...