Home | Economy

Economy

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

Uncertainty looms ahead of Pravin Gordhan's case

Newspaper reports say Finance Minister Pravin Gordhan is facing imminent arrest for his role over the rogue unit formed during his tenure as South African Revenue Service (SARS) commissioner. ... Full story

back 1 2 total: 25 | displaying: 16 - 25
Regus Workspace Solutions


Newsletter


Please enter your e-mail address below and click 'Subscribe'.