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Statistics on who invests in South Africa

South Africa retains great lustre and appeal as a foreign direct investment (FDI) location — but who are the biggest foreign investors and how can government get some of the action? ... Full story

South Africa raises over R98 billion in FDI

As economic growth slows and global trade tensions continue, Foreign Direct Investment (FDI) into South Africa grew by over 400% to R98.6 billion ($7.1 billion) last year. ... Full story

Interest Rates Unchanged

Some good news to start the year off as the Monetary Policy Committee (MPC) announced today that interest rates will remain unchanged. The prime lending rate therefore remains at 10.25% and the repo rate at 6.75%. ... Full story

SA's recession over ahead 2019 polls

GDP growth in South Africa recovered to 2.2 percent in the three months through September compared with a revised 0.4% contraction in the prior quarter, Stats SA announced on Tuesday morning at a briefing in Pretoria. ... Full story

SA’s economic to brace for slower growth pace

The National Treasury has cut its estimate for South African GDP expansion to 0.7% in 2018 down from 1.3% last year. It sees growth remaining subdued as high unemployment constrains domestic demand. ... Full story

2018 Mid-Term Budget key highlights

CAPE TOWN - Newly-appointed Finance Minister Tito Mboweni on Wednesday delivered the 2018 mid-term budget statement pledging to fix the South African Revenue Collection Service as a matter of urgency. ... Full story

South Africa's economy out of recession

The South African economy is out of recession as it expanded 2.5% in the second quarter after contracting by a revised 0.6% in the first quarter, Statistics South Africa said on Tuesday. ... Full story

South Africa's Credit Rating demoted to Junk Status

Ratings agency, Standard & Poor’s global on Monday announced South Africa's sovereign credit rating has been downgraded to junk status, following the removal of finance minister Pravin Gordhan. ... Full story

Finance Minister Gordhan replaced at a time of Weak Growth

President Jacob Zuma on Thursday dismissed respected finance minister Pravin Gordhan and deputy Mcebisi Jonas as part of a major Cabinet reshuffle — a move that has tumbled South Africa's markets and currency. ... Full story

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

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