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...
Pretoria – Retail trade sales increased by 2.2% year-on-year in June from a revised 0.2% in May, Statistics South Africa (Stats SA) said. According to Stats SA, the highest annual growth rate was recorded for retailers in pharmaceutical and medical goods,...
Pretoria – The Seeker 400 prototype, which is an unmanned air vehicle, is due to make its maiden flight early 2012, Denel Dynamics said on Wednesday. “The prototype of Denel Dynamics’ latest Unmanned Air Vehicle (UAV), the Seeker 400, has been completed and is...
Pretoria – Nomaxabiso Majokweni has been named the new Business Unity South Africa (BUSA) chief executive officer. “She was appointed today following a special council meeting,” BUSA spokesperson Lesego Lehihi said on Thursday. Majokweni, 42, has held senior...
Cape Town – South Africa’s low lending rate and the Reserve Bank’s stockpiling of more than $50 billion in foreign currency would help shield the country from some of the turmoil experienced by global markets in recent days, Johan van den Heever, the Reserve Bank’s...
