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Emerging economies engineer global growth

“The global economy’s centre of gravity has shifted significantly towards emerging economies,” Gordhan told delegates at the World Economic History Congress (WEHC) in Stellenbosch on Monday. ... Full story

SA, Africa have role to play in global economic growth

South Africa and Africa will have a bright future as the next growth frontier in the global economy, if they can position themselves correctly, says Trade and Industry Minister Rob Davies. ... Full story

Switzerland-South Africa boost trade ties

South Africa’s Minister of Trade and Industry, Dr Rob Davies, has arrived in Zurich, Switzerland, on an official visit to deepen bilateral economic relations between the two countries ... Full story

National Treasury clarifies $2bn IMF commitment

South Africa on Tuesday announced its commitment to invest $2 billion of its reserves to the IMF. This as President Jacob Zuma attended the two-day G20 Summit in Los Cabos, Mexico. The summit concluded yesterday. ... Full story

South Africa must bolster industrial base to weather economic crisis

South Africa must strengthen the industrial arm of its economy if it is to successfully weather the fallout from the ominous Eurozone crisis, says Trade and Industry Director-General Lionel October. ... Full story

South Africa commits $2bn in IMF firewall

President Jacob Zuma has committed some of South Africa’s reserves to an International Monetary Fund ‘firewall’ meant to prevent future financial crises. ... Full story

SA retail trade sales weaken in April

Retail trade sales weakened in April with the year-on-year rate falling to 1% compared to a revised 6.7% in March, Statistics South Africa (Stats SA) said on Wednesday. ... Full story

Eurozone crisis could mean tougher times for South Africa

The Euro region’s debt crisis has increased risks for emerging markets and Finance Minister Pravin Gordhan appeals to all in government, including the executive, to keep a much more careful eye on how money is being spent. ... Full story

SA economic outlook ‘Modest’ says Reserve Bank

South Africa’s economic outlook remains modest, says the Reserve Bank in its Monetary Policy Review. ... Full story

PPI falls to 6.6% in April

The Producer Price Index (PPI) eased to 6.6% in April, Statistics South Africa (Stats SA) said on Thursday. ... Full story

S.Africa economic growth uneven and slow, says Gordhan

Growth in output in our own economy is uneven and slow, though consumption spending is still buoyant, Finance Minister Pravin Gordhan said on Friday 18 May, delivering the National Treasury Budget Vote in Parliament. ... Full story

IPAP has brought results

Since it was introduced over two years ago, the Industrial Policy Action Plan (IPAP2) has stabilised the clothing sector, turned around the automotive sector, added jobs in the business process services sector and had introduced procurement designation to boost local production, the Minister of Trade and Industry Rob Davies says. ... Full story

Transnet aims to create 200 000 jobs

Transnet is looking towards creating at least 200 000 jobs over the next six years, the Minister of Public Enterprises Malusi Gigaba said on Wednesday. ... Full story

S.Africa's Consumer Price Index (CPI) methodology to be revised

The methods used to calculate the Consumer Price Index (CPI) and the Producer Price Index (PPI) are to be reviewed, Minister in the Presidency for National Planning Trevor Manuel said on Tuesday. ... Full story

Manufacturing sector to get R5.75 billion

The manufacturing sector is to get a R5.75 billion injection over six years from the Department of Trade and Industry to help factories become more competitive in the increasingly difficult global economic environment. ... Full story

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