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SADC Committee of Ministers of Finance meets in South Africa

By: African News Agency      11th July 2018 The Southern African Development Community (SADC) Committee of Ministers of Finance and Investment will meet today in Johannesburg to discuss areas of cooperation and improving regional financial coordination.  The Ministers will be joined by the central bank governors from the region.  

WARM EMBRACE

2nd February 2018 South African Reserve Bank governor Lesetja Kganyago may have been feeling the cold in Davos, Switzerland, last week, where he participated in the World Economic Forum. However, the rest of the world has embraced him warmly, with the International Monetary Fund (IMF) having appointed Kganyago as... 

Intercontinental alignment agrees to increased economic cooperation

By: Keith Campbell     22nd September 2017 The five member countries of the Brics alignment – Brazil, Russia, India, China and South Africa – are to strengthen trade and investment between themselves. This was affirmed in the “Xiamen Declaration” issued during the IX Brics Summit in the southeastern Chinese coastal city of Xiamen. The... 

Central banks vital for Africa’s integration, says Zuma

By: African News Agency      15th August 2017 President Jacob Zuma has encouraged African central bank governors gathered in Pretoria for the 2017 Governors’ Symposium of the Association of African Central Banks (AACB) to explore ways to improve economic integration, including linking payment systems, across borders on the continent.... 

Trump's infrastructure plan a boon for iron-ore, says Australia's Cormann

By: Bloomberg     23rd April 2017 US President Donald Trump’s plan to upgrade the nation’s roads, ports and bridges will drive demand for steel and support iron ore prices, Australia’s Finance Minister Mathias Cormann said. “The US and the Trump administration has put out a very ambitious infrastructure investment program" and... 

G20’s Compact with Africa launched with widespread support

By: Natasha Odendaal     20th March 2017 Clear support emerged last week from Group of 20 (G20) members’ Finance Ministers and central bank governors for the broadening of international economic and financial cooperation with African countries to “foster sustainable and inclusive growth” in line with the African Union’s Agenda 2063. At... 

Spectre of trade war looms as Trump puts ‘America First’

10th February 2017 World leaders are not taking Donald Trump’s trade barbs lying down. After the US President said Germany and Japan were gaming foreign exchange markets to win favourable trade terms, Japanese Prime Minister Shinzo Abe joined German Chancellor Angela Merkel last week in pushing back and leading a... 

Brics summit to see ties between member States deepen – Zuma

By: African News Agency      7th July 2015 The seventh Brics summit this week will see a deepening of relations in the emerging markets bloc as member nations sign a range of new agreements, the South African presidency said on Tuesday. The leaders of Brazil, Russia, India, China and South Africa would also learn how far each had come in... 

G20 leaders highlight importance of trade

By: Riaan de Lange     5th December 2014 The Group of 20 (G20), an international forum for the governments and central bank governors of 20 major economies issued a communiqué on November 16, after its summit in Brisbane, Australia. The communiqué emphasised trade as a powerful driver of economic growth, job creation and better living... 

SA backs G20 resolution to scale-up employment-boosting policies 

By: Natalie Greve     9th June 2014 South Africa has reiterated its support of a resolution by the Group of 20 (G20) Finance Ministers and central bank governors to promote the scaling-up of internal policies to deal with the “crippling” global unemployment crisis. Speaking at the ongoing 103rd session of the International Labour... 

Ministers agree to six-month Brics Bank work programme

By: Terence Creamer     26th April 2013 Finance Ministers and central bank governors from Brazil, Russia, India, China and South Africa (Brics) agreed, during meetings in Washington in April, to an “intensive” six-month work programme to firm up arrangements for the establishment of the so-called Brics Development Bank. The programme,... 

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