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Jul 24, 2014
Olivier Blanchard
   
The International Monetary Fund (IMF) has once again lowered its 2014 growth forecast for South Africa to 1.7%, having previously forecast that Africa’s second-largest economy would expand by 2.3%. The 0.6% downward revision, which is contained in the World...
 
Jul 24, 2014
Jeff Radebe
Cabinet approved the five-year Medium-Term Strategic Framework (MTSF) of government on Wednesday, which would serve as the “building block towards the 2030 vision in the National Development Plan (NDP)”. The MTSF, which covers the period 2014 to 2019, reportedly...
Jul 25, 2014
Updated 42 minutes ago The future changes constantly. Where it once favoured the car over the horse, then the introduction of new, fuel-efficient, low-emission engines, it is now inhabited by the self-driving car and truck. In fact, the debate around self-driving vehicles, or autonomous...
Jul 24, 2014
Jul 24, 2014
The country's financial institutions should assist government to cost and fund the intended nuclear build programme, Deputy President Cyril Ramaphosa suggested on Thursday. Addressing members of the parliamentary Press Gallery Association (PGA), Ramaphosa said...
Jul 24, 2014
Cyril Ramaphosa
South Africa should adjust labour laws so union members have to vote before striking, Deputy President Cyril Ramaphosa said on Thursday, suggesting the government may push ahead with reforms to curb damaging industrial action. The longest and costliest strike in...
Jul 24, 2014
Dr Rob Davies
Trade and Industry Minister Dr Rob Davies has re-emphasised government’s commitment to the creation of a viable local minerals beneficiation industry, saying the country could establish a competitive advantage in global markets by leveraging that fact that minerals...
Jul 24, 2014
Despite a degree of ambiguity around the transfer of small business-focused promotion programmes from under the auspices of the Department of Trade and Industry (DTI) to the newly formed Department of Small Business Development (DSBD), Small Business Development...
Jul 24, 2014
Mineral Resources Minister Advocate Ngoako Ramatlhodi on Thursday officially launched the drill operation for South Africa’s first offshore deep-water well, south of Mossel Bay. The well, which would be operated by petroleum company Total, gave impetus to South...
 
Jul 24, 2014
The Group of 20 (G20) summit to be held in Australia, in November, will focus on three key areas, namely promoting strong economic growth and employment outcomes by empowering the private sector, making the global economy more resilient and strengthening global...
Jul 24, 2014
A study on the economic state of the City of Johannesburg’s (CoJ’s) economy has revealed lagging growth and a lack of diversification as the city struggled to return to pre-financial crisis growth levels. The ‘CoJ Economic Overview 2013: A Review of the State...
Jul 24, 2014
A 50% cut in mobile termination rates (MTRs) implemented by the Independent Communications Authority of South Africa (Icasa) in April has dragged down telecommunications group Vodacom’s service revenue for the three months ended June 30. The group on Thursday...
Jul 24, 2014
The liquidated Kyalami race circuit was bought by Porsche SA at auction for R205-million in Johannesburg on Thursday. The auction, which lasted only around one minute and 50 seconds, fetched the highest price for a single lot in South African history.
Jul 24, 2014
With the right reforms and investment, Nigeria had the potential to raise its gross domestic product (GDP) by 7.1% a year through to 2030, to more than $1.6-trillion, which could make the country a top 20 global economy, a new report by the McKinsey Global Institute...
Jul 24, 2014
South Africa's UASA union has broadly accepted an offer for wage increases of up to 10%, a spokesperson said on Thursday, a move that would take about 20 000 metal workers out of a three-week strike that has hit the supply of auto parts. More than 200 000 metal and...
Jul 24, 2014
Local companies are expecting the implementation of the revised Codes of Good Practice to result in a decrease in their black economic-empowerment (BEE) scores, a survey by professional services firm KPMG shows. Seventy-five per cent of respondents to the firm’s...
Jul 24, 2014
SABMiller, the world's second-biggest brewer, reported higher first-quarter sales volumes on Thursday, helped by a return to growth in lager sales in Africa. The London-listed company behind beers such as Miller, Grolsch and Peroni said revenue rose 6 % in the three...
 
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