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Headache as South Africa ponders ways out of recession
DIKELEDI NOKWANE SOUTH Africa’s economy might be experiencing a recession and unenviable downgrades in recent months, but all hope of recovery is not lost. This has been the predominant sentiment by stakeholders and experts as the country ponders ways out of its economic problems. Brand South Africa (BSA), established to help create a positive and compelling brand image for the country, is forging a […] -
Young entrepreneurs call for reduction in restrictions and regulations
MOKGADI RABOSHAKGA YOUNG black entrepreneurs have identified financial difficulty as one of the core challenges that restrict the growth of small businesses. They have largely attributed the problem to “red tape” constructed by financial agencies that are designed to develop and assist SMMEs. With more and more young black entrepreneurs entering the business sector, funding SMMEs has proven to come with its […] -
Petrol prices won’t fuel inflation
GERSHWIN WANNEBURG A RARE bit of good news emerged this week amid all the doom and gloom about how credit rating downgrades will sign the death warrant of the South African economy. Economists said that even a huge jump in petrol prices won’t fuel inflation, meaning that interest rates should also stay steady. Analysts predicted […] -
Professor Malikane to help drive radical economic transformation
ANDILE NTINGI LEFT-LEANING economist Chris Malikane has made a spectacular comeback into South Africa’s economic policy debate. Malikane, who advocates state ownership of mines and financial institutions, has been roped in as economic advisor by newly appointed finance minister Malusi Gigaba, to assist the National Treasury in driving radical transformation of the economy. Malikane has […] -
Young people want share of the lucrative property market
GERSHWIN WANNEBURG YOUNG black people want their share of the R5.8 trillion property market. That was the message last week from the newly launched Youth In Property Association (YIPA), which hopes to boost the participation of young people in the lucrative industry by representing their needs. The launch of the association follows calls by lobbyists […] -
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, […] -
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, […] -
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 […] -
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 […] -
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 […]