German investor morale brightens

German analyst and investor sentiment climbed more than expected in August, a leading survey showed on Tuesday, suggesting Europe’s largest economy is gradually regaining momentum after suffering a contraction in late 2012 and a weak start to 2013. The ZEW...
ECB Lowers Interest Rates

ECB Lowers Interest Rates

Europe’s interest rates have probably reached a bottom. Although the economy has been in recession since Q4 2011, the European Central Bank (ECB) hesitated until this morning to lower its main refinancing rate at which banks can borrow funds by a quarter...
China GDP Slows

China GDP Slows

China is slowing. Now the second-largest economy, the East Asian giant has to ease its pace to keep from stumbling in its quest for prosperity. The National Bureau for Statistics released numbers today showing annual GDP growth in Q1 2012 of 8.1%, a continuation of...

Tourism sector to boost the economy

Pretoria – The National Tourism Sector Strategy (NTSS) seeks to increase tourism’s total direct and indirect contribution to the economy to R499 billion by 2020 said Tourism Deputy Minister Tokozile Xasa. Through the NTSS, said Xasa, the tourism sector is...