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Success in an Unfriendly Neighbourhood

Tel Aviv Israel

Tel Aviv Israel

Few people realize that Israel, despite all its political problems, is one of the world’s most successful economies. Since 2004 its GDP has grown about 5 per cent a year in real terms every year except 2009, when the global economy crashed. [Read more…]

Economic growth not encouraged by high inflation

Pretoria – Low interest rates and high inflation do not encourage economic growth, economist Chris Hart said on Tuesday. “Low interest rates in the developed world have become counter-productive…. Growth has to be funded. In South Africa where interest rates are at 5.5%, we cannot get growth going,” said Hart adding that inflation was too […]

Economic growth not encouraged by high inflation is a post from: South Africa Business

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Economic downturn effects manufacturing

Cape Town – Trade and Industry Minister Rob Davies has highlighted that the global economic meltdown and European debt crisis was affecting SA’s manufacturing industry. The minister recently briefed journalists following his department’s presentation of its unqualified annual report to MPs at Parliament. Davies said that the manufacturing industry had slipped down by minus 6 […]

Economic downturn effects manufacturing is a post from: South Africa Business

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Policy alone cannot solve economic crisis

Pretoria – Monetary policy alone cannot solve the global economic crisis, Reserve Bank Governor Gill Marcus said on Tuesday. The governor said that normal cyclical downturns are often reinforced by tight monetary policies in response to an overheating economy and inflationary pressures. “Unfortunately, we are not in a normal cyclical downturn, and the crisis cannot […]

Policy alone cannot solve economic crisis is a post from: South Africa Business

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Economic empowerment for SA women

Pretoria – Economic empowerment for South African women will be the focal point of this year’s annual Women’s Month celebrations. Minister for Women, Children and People with Disabilities, Lulu Xingwana, unveiled the 2011 Women’s Month programme on Sunday in Pretoria. “We will use Women’s Month to highlight the economic empowerment of women as a critical […]

Economic empowerment for SA women is a post from: South Africa Business

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SA arts, culture sector can lead in economic growth

Cape Town – South Africa’s creative sector, like in many developed nations, has the potential to lead in generating economic growth, says Arts and Culture Minister Paul Mashatile. This minister said this was the collective view in April of over thousand delegates who attended the historic National Consultative Conference on the contributions of the arts, […]
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