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Billions to be spent on South Africa’s Infrastructure: 2017 National Budget

Government will spend over R50 billion to fund national and provincial economic infrastructure requirements, according to the National Budget 2017 announced on Wednesday by Finance Minister Pravin Gordhan. ... Full story

Highlights of South Africa's National Budget Speech 2017

Cape Town – Highlights of South African National Budget Speech 2017/18 delivered by Finance Minister Pravin Gordhan to Parliament on Wednesday. ... Full story

SONA lacked the excitement to boost Property Market, says Estate Agent

President Jacob Zuma’s 2017 State of the Nation Address (SONA) lacked the excitement needed to boost the economy and property market, the chairman of one of South Africa’s estate agency said on Thursday. ... Full story

South Africa’s economy likely to grow in 2017

South Africa’s economy will get a boost from perkier commodity prices, a benign inflation outlook, and better rains for the agriculture sector this year, a Reuters poll found on Thursday last week. ... Full story

SA keeps benchmark repo rate on hold but worried about inflation

The Reserve Bank kept its benchmark repo rate unchanged at 7% on Tuesday, in line with expectations, saying the near-term outlook of inflation has deteriorated while the domestic growth outlook remained constrained. ... Full story

Mid-Term Budget key highlights

Key highlights of Medium Term Budget Policy Statement 2016 (Mini Budget Speech) delivered by Finance Minister Pravin Gordhan in Parliament on Wednesday, Cape Town. ... Full story

South Africa's economic growth outlook revised from 0.9% to 0.5%

Addressing the 2016 Medium-Term Budget Policy Statement, dubbed the mini budget, Finance Minister Pravin Gordhan announced that the Treasury had revised South Africa's economic growth from 0.9% to 0.5%. ... Full story

We were recovering until Minister Pravin Gordhan's NPA saga

Johannesburg — Until news of renewed Cabinet tussle between Finance Minister Pravin Gordhan and the National Prosecuting Authority (NPA), the South African economy has steadily been recovering. ... Full story

Reserve Bank maintains interest rates at 7%, raises growth forecast

Pretoria – The South African Reserve Bank on Thursday, left the repo rate at 7 percent for a third consecutive time this year, raising its forecast for economic growth to 0.4 percent. ... Full story

Recession fears fade as South Africa's GDP data show growth

PRETORIA - South Africa recession fears fade as manufacturing and mining sectors output rebounded, with the gross domestic product (GDP) data for the second quarter of 2016 showing growth of 3.3%. ... Full story

Interest Rates on hold, good news for economy and property market

South Africans have welcomed the decision by the Monetary Policy Committee of the South African Reserve Bank to retain the repo rate at 7%, making it easier for real estate business to prosper. ... Full story

Repo Rate stays at 7%, economy still fragile

South African Reserve Bank (Sarb) Governor, Lesetja Kganyago on Thursday announced the bank decided to keep the repo rate at 7% — with prime lending interest rate at 10.5%. ... Full story

Real Estate Industry major contributor to GDP

Statistics South Africa on Wednesday announced the country's gross domestic product (GDP) growth rate contracted by 1.2% in the first quarter of 2016, a much steeper contraction than had been expected. ... Full story

Fitch maintains South Africa’s credit rating at investment grade

One of the influential financial rating agency Fitch, on Wednesday affirmed South Africa’s investment grade credit rating and maintained its outlook on stable, but warned that political and growth concerns posed a risk. ... Full story

No downgrade for South Africa

Ratings agency Standard and Poor’s (S&P) has kept its assessment of the South Africa’s sovereign credit rating unchanged but with an outlook on negative. ... Full story

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