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South African Reserve Bank
Pretoria – The South African Reserve Bank views risks to the country’s inflation projections as being skewed slightly to the upside.
“Uncertainty regarding future developments in cost–push pressures and the exchange rate pose an upside risk to the outlook, which more than offsets the downside risks from possible contagion effects from the European crisis and associated slow growth,” said the bank in its Monetary Policy Review released on Tuesday. [Read more…]
Pretoria – Business Unity South Africa (Busa) on Tuesday urged government to reconsider the “public interest” part of the Protection of Information Bill, which the National Assembly will vote on later today. “Busa urges government even at this late stage to reconsider the ‘public interest’ dimension of the Bill to allay fears that transparency and […]
Business urges reconsideration of Info Bill is a post from: GlobalBuzz SA
GlobalBuzz SA» Business
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Pretoria – Relations between South Africa and India should promote the development of small and medium businesses across all sectors, Deputy Trade…
BizForums – Southern Africa
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Moody Downgrade
Pretoria – The decision by bank rating agency Moody’s Investor service to downgrade the stability rating of South African banks from “stable” to “negative” demonstrated the “superficial” way in which world rating agencies tend to conduct their assessments, Deputy President Kgalema Motlanthe said. [Read more…]
Taxation Amendments
Pretoria – Adjustments to the country’s taxation bills currently before Parliament aim to help grow the South African economy, and will alleviate the burden on ordinary working citizens, says Finance Minister Pravin Gordhan. [Read more…]
Renewable Energy
Cape Town – Government and its key partners, such as labour and business, have signed an all-comprehensive Accord geared to create 300 000 jobs in the next 10 years.
The Accord, signed by various ministers on Thursday in both Cape Town and Pretoria, is said to be one of the “most comprehensive social partnerships on the green economy anywhere in the world”. [Read more…]
Pretoria – South Africa is to attend the 11th Indian Ocean Rim Association for Regional Cooperation Council of Ministers Meeting (IOR-ARC) this week,…
BizForums – Southern Africa
Pretoria – The World Bank’s $ 250 million (about R1.9 billion) loan to Eskom indicates good investor confidence in South Africa, Public Enterprises Minister Malusi Gigaba said on Monday. “This loan we are receiving today shows great investor confidence in South Africa and Eskom in particular,” said Gigaba of the loan that will pay for the […]
Eskom loan proves investor confidence is a post from: GlobalBuzz SA
GlobalBuzz SA» Business
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Green Tax Dangers
Cape Town – The Department of Trade and Industry has warned that South African exporters could lose billions of Rands if wealthy nations imposed tough tariffs on energy intensive imports from the developing world.
[Read more…]
SA open for business
Pretoria – South Africa has enormous potential as an investment destination that offers promising opportunities in automotive components, aerospace, chemicals and agro-processing, says Trade and Investment Minister Rob Davies. [Read more…]
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