• Economic Transformation document warns that ANC heightening policy uncertainty may deter investors, writes Andile Ntingi

    THE drafters of the ANC’s discussion document titled “Economic Transformation” must be alarmed at the policy uncertainty that the recent cabinet reshuffle has created. South African foreign currency denominated debt has been downgraded to junk status by global credit rating agencies Standard & Poor’s Global and Fitch Ratings after a controversial cabinet reshuffle that saw President Jacob Zuma replacing his finance minister Pravin Gordhan with Malusi Gigaba, […]
    • by African Times
    • 2 Years ago
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  • SA looks to East Africa as domestic growth falters

    GERSHWIN WANNEBURG SOUTH African manufacturers are looking to East Africa as economic growth grinds to a virtual standstill on the southern tip of the continent. More than 30 South African manufacturers are hoping to unlock opportunities later this month at the inaugural Manufacturing East Africa conference in Nairobi, where potential business partners will be connected. “One of the challenges South African manufacturing faces is low domestic demand, […]
    • by African Times
    • 2 Years ago
    • 0
  • Zuma welcomes rating agency’s decision to spare SA junk status

    PIET RAMPEDI PRESIDENT Jacob Zuma, under pressure to save South Africa from a credit rating downgrade, has welcomed rating agency Standard and Poor’s (S&P) decision to maintain the country’s current investment rating. He heaped praise on the government, labour and business for working together to turn the economy around in the face of a possible junk-status […]
    • by Piet Rampedi
    • 3 Years ago
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  • Radebe: SA economy poised to forge ahead despite global challenges

    WORKING together with business and labour, government says it remains focused on reigniting economic growth, preserving existing jobs and creating more sustainable jobs. “Through our programme of structural reforms and fiscal consolidation, government will remain within its expenditure ceiling to ensure that our economy emerges stronger when the global economy recovers,” Minister in the Presidency […]
    • by Piet Rampedi
    • 3 Years ago
    • 0
  • All roads lead to Durban as Tourism Indaba draws closer

    LESETJA MALOPE OVER 3000 meetings are expected to take place at this year’s installment of the Tourism Indaba, the continent’s premier expo scheduled for Durban’s Inkosi Albert Luthuli Convention Centre next month. Officials said Tourism Minister Dereck Hanekom’s media talk session, facilitated by CNN’s anchor Richard Quest, and would be among the many experiences offered […]
    • by Piet Rampedi
    • 3 Years ago
    • 0
  • Reserve Bank set to continue raising interest rates

    WITH South Africa’s rising inflation, the Reserve Bank says it is necessary to raise interest rates. “Tolerating additional inflation in the short run could require larger interest rate adjustments later, with proportionally greater costs for the economy. Higher inflation would also have its own economic costs by damaging competitiveness, eroding living standards and weakening confidence,” […]
    • by Piet Rampedi
    • 3 Years ago
    • 0
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