BRICS - Development bank
Pretoria – South Africa says as host of the next BRICS summit next year, it has a duty to ensure that the grouping realises its dream of a Development Bank. [Read more…]
SA economy improving
April 16, 2012 By Leave a Comment
The Eurozone
Johannesburg – South Africa’s economy is improving but is vulnerable to problems in the Eurozone, says Finance Minister Pravin Gordhan. [Read more…]
Targeted budget deficit is achievable
April 13, 2012 By 1 Comment
Pretoria – South Africa’s targeted budget deficit is achievable, says Deputy Finance Minister Nhlanhla Nene.
The Deputy Minister was responding to scepticism over whether government’s targeted budget deficit of 4.6% in 2012/13 is achievable. [Read more…]
SA to BRICS Business Forum
March 26, 2012 By Leave a Comment
BRICS
Pretoria – Business Unity South Africa (BUSA) has confirmed that it will be sending a delegation of over 50 companies to South Africa’s second BRICS Business Forum in New Delhi, India, which kicks off on Wednesday. [Read more…]
DTI moots small business census
February 8, 2012 By Leave a Comment
DTI moots small business census
Cape Town – The Department of Trade and Industry wants to run a regular small business census to help improve its support and funding to the sector as part of a revised policy to boost support to small businesses. [Read more…]
SA, France bolster relations
February 5, 2012 By 1 Comment
South Africa - France Business Relations
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. [Read more…]
Tourism sector to boost the economy
January 30, 2012 By 2 Comments
Tourism to boost 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. [Read more…]
GDP grows by 1.4 percent
November 30, 2011 By Leave a Comment
SA’s GDP grows by 1.4%
Pretoria – South Africa’s Gross Domestic Product (GDP) came in lower than expected, increasing by 1.4% in the third quarter of 2011. [Read more…]
Reserve Bank sounds warning
November 23, 2011 By Leave a Comment
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…]
SA challenges Moody views
November 20, 2011 By Leave a Comment
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…]
