23.10.2015 - Tough times may linger for commodities
Bureau for Economic Research (BER) senior economist Hugo Pienaar said on Thursday that he expected commodities to face the pinch for some time to come. “We don’t think it is going to be a robust story for commodity prices any time soon. The global situation is not positive for South Africa,” he told a BER conference in Stellenbosch. This was despite the fall in the rand to record low levels. Major producers were showing pessimistic numbers and price outlooks, although there was a window of hope come 2017. “Our five-year outlook is that we will start to see moderate increases in commodity prices from 2017 onwards as the global economy starts to recover,” advised Pienaar...............................................Full Article: Source
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