CPIX rose by an annualised rate of 4.2% y/y in July, surprising on the high side this month, and compared to 3.5% for June. A Reuters poll predicted 3.9% CPIX rose 1.0% on a month-on-month basis for July versus a fall of 0.2% in June.

CPI rose by 3.4% y/y versus 2.8% in June y/y.

CPI rose by 0.90% versus a fall of 0.20% for June

Kind regards,

Mark Lindhiem

Debt Capital Markets - Treasury Solutions Rand Merchant Bank

Tel: (011) 269 9849

Cell: 082 789 5884

Rightfax: (011) 282 4296

Fax: (011) 269 9598