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Boao, China – President Jacob Zuma has called on developing and developed countries not to move towards trade protectionism or to significantly devalue their currencies.
“If these occur, it would merely result in a race to the bottom and undermine all G20 efforts to achieve strong, sustainable and balanced growth,” said Zuma, while addressing the opening ceremony of the Boao Forum for Asia Annual Forum Conference 2011 hosted in Boao on Hainan Island. [Read more…]
Cape Town – South Africa may be the new kid on the block when it arrives at next week’s Bric summit in China, but the country has much to offer as a gateway to Africa with one of the strongest financial sectors in the world, and with its tradition of independent decision making it’s not likely to be swept aside by the summit’s bigger members, say analysts. [Read more…]
Pretoria – Cabinet ministers will today begin unveiling plans on how they will utilise the money allocated to their departments by Finance Minister Pravin Gordan in his national budget earlier this year.
The Budget Vote presentations will start in Cape Town today with Economic Development Minister Ibrahim Patel expected to tell Members of Parliament how he intend spending the R549 million allocated to his department for the 2011-2012 financial year. [Read more…]
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