Look­ing Back

Sunday Times - - OPIN­ION -

From the Sun­day Times 50 years ago

AMID songs sung by mem­bers of South African Jewish youth move­ments at Jan Smuts Air­port last night, nearly 3 000 peo­ple bid tear­ful but res­o­lute “shaloms” to 50 young Jewish men and women who left for Is­rael to take up non­com­bat­ant du­ties. Hun­dreds of young men and women, Jewish and non-Jewish, have of­fered their ser­vices to Is­rael in re­sponse to an ap­peal for aid as the coun­try went onto a war foot­ing af­ter the clo­sure of the Egyp­tian-con­trolled Strait of Ti­ran.

Uni­formed mem­bers of youth move­ments linked arms in a guard of hon­our as the vol­un­teers made their way to the de­par­ture lounge. — June 4 1967

From the Sun­day Times 25 years ago

THE con­sumer price in­dex dropped a mere 0.1 per­cent­age point in April, lead­ing econ­o­mists to ques­tion whether the Re­serve Bank is ca­pa­ble of bring­ing the fig­ure to un­der 10% af­ter two decades of dou­ble-digit in­fla­tion. The in­dex stands at 15.6%. This is con­sid­er­ably lower than some fore­casts, which put it at more than 16% , but far short of Re­serve Bank tar­gets. The CPI drop in­creases pres­sure on Re­serve Bank Gov­er­nor Chris Stals to lower the bank rate and ease the econ­omy out of one of its most pro­longed re­ces­sions. Dr Stals, how­ever, re­mains unim­pressed by the mar­ginal de­cline in in­fla­tion: “We are tak­ing a medium- to long-term view of the econ­omy.” — May 31 1992

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