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SA Growth outlook revised downwards

south africa - finance

South Africa’s growth outlook has been revised downwards to 0.7% in 2018, said National Treasury on Wednesday. [Read more…]

SA provides fertile ground for investment

President Cyril Ramaphosa has assured potential investors that South Africa is working hard to provide a conducive environment for investors. [Read more…]

Contributing towards South Africa’s competitiveness

Mining Industry

South Africa – The Investing in African Mining Indaba is an annual platform that brings more than 7 000 seasoned captains of industry in the mining sector under one roof at the Cape Town Convention Centre. Mining Indaba 2015 is scheduled to take place from 9 – 12 February. The event comprises an exhibition, conferences, meetings, on-site and offsite events wherein strategic investment discussions are held between industry, investors and governments. [Read more…]

Moodys downgrades SA

Moodys

Credit rating agency Moodys Investors Service has downgraded South Africa’s credit rating one notch from Baa1 to Baa2, while also revising the credit outlook from negative to stable, said National Treasury. [Read more…]

SARB disputes downgrade of Capitec Bank

capitec bank limited

The South African Reserve Bank (SARB) says while it has taken note of rating agency Moody’s decision to downgrade Capitec Bank Limited, it does not agree with the decision. [Read more…]

Automotive sector moves up a gear

auto south africa

President Jacob Zuma is expected to launch the First Automotive Works (FAW) South Africa assembly plant in the Eastern Cape on Thursday. [Read more…]

SARB fines country’s big banks

South African Reserve Bank

South African Reserve Bank

The South African Reserve Bank (SARB) has fined the country’s big four banks R125 million collectively, it said on Wednesday. [Read more…]

SA to diversify reserves

NZ dollar

South Africa’s Reserve Bank is set to invest in currencies such as the Korean Won, Australian Dollar and the New Zealand Dollar. [Read more…]

Transnet credit rating upgraded

transnet

Transnet’s credit rating has been upgraded to ‘BBB’, with the upgrade affirming the state utility’s ability to raise funds without a government guarantee. [Read more…]

Scrap metal decision welcomed

Scrap Metal

Economic Development Minister Ebrahim Patel has welcomed the judgement of the North Gauteng High Court to dismiss an application to interdict the implementation of government’s new scrap metal export regulations. [Read more…]