Pretoria – Top officials from South Africa and France have met in Pretoria to map a way forward on how to deepen political and economic relations between the two countries. International Relation’s Director-General Jerry Matjila hosted his French counterpart Pierre...
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...
Pretoria – South Africa’s Gross Domestic Product (GDP) came in lower than expected, increasing by 1.4% in the third quarter of 2011. “The seasonally adjusted real GDP at market prices for the third quarter of 2011 increased by an annualised rate of 1.4% compared...
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...
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...
