Johannesburg – The heat is on as Finance Minister Pravin Gordhan prepares to deliver his mid-term budget later on Wednesday at a time when the economy is stagnating, the nation stands on the brink of a junk credit rating and universities have been rocked by student protesters demanding free education.[…]
Although growth my be challenging going forward, Finance Minister Pravin Gordhan said that growth will be above 0%. Gordhan was speaking at the Investment Summit, in collaboration with Sasfin Wealth, and publications Business Day and Financial Mail, in Sandton on Tuesday. The 3.3% growth achieved in the second quarter may[…]
Saudi businesses catering to haj visitor have taken a hit this year as far fewer pilgrims arrive and those who come have less cash to spend. Saudi authorities say only about 1.86 million pilgrims, including around 1.3 million coming from outside the country, are attending this year’s haj, down from[…]
In a damning report, the UN development body (UNCTAD) described the ways Israeli occupation of Gaza and West Bank has been preventing the Palestinian economy from recovery and getting twice as big as it is now. The document detailing the “staggering economic cost” of Israeli occupation was released on Tuesday[…]
While the rains have begun to fall, South Africans will have to remain patient has the agricultural industry begins to recover, a process analysts assert will be a tough road. The agricultural industry’s setbacks have not only been linked to the drought, but to a large extent have been severely[…]
One of South Africa’s key problems is that a third of the population of 57 million, are excluded from the economy, said Deputy President Cyril Ramaphosa. Ramaphosa delivered an address at the ABSIP Summit about transformation in the investment industry, on Monday. When it comes to addressing some of the[…]
There was a low-intensity “hidden” civil war in South Africa, and things were going to get worse unless the country moved to full industrialisation to increase the economy, said political economist Moeletsi Mbeki in Durban on Wednesday night. Addressing the audience during the launch of his book A Manifesto for[…]
A credit rating downgrade to sub-investment grade or junk status will cause rand weakness, push SA into a recession and lead to the loss of at least 200,000 jobs, Standard Bank chief economist Goolam Ballim warned on Monday. A downgrade would see SA’s gross domestic product (GDP) decline by 0.3%[…]
The Economic Freedom Fighters should be very careful not to mess with two key pillars of South Africa’s stability: the legitimacy of election results and the political neutrality of the defence force. I have for years reassured business people and potential investors that South Africa’s stability was guaranteed while the[…]
Despite poor economic growth and job creation nationally‚ the Western Cape seems to be bucking the trend. Protesters call Zille a ‘germ from Germany’ who must ‘go back where she came from’ Protesters call Zille a ‘germ from Germany’ who must ‘go back where she came from’ Presenting her State[…]
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