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Platinum seen contributing as much to South Africa's economy as gold did in the 20th century 

By: Natasha Odendaal     3rd May 2019 With the too-high economic cost of a lost opportunity looming, immediate measures are required to assist the platinum group metals mining sector to improve its viability and preserve employment. This is the intent behind the industry’s new South African National Platinum Strategy, with its most... 

Africa gains traction as trade destination

By: Jessica Oosthuizen     3rd May 2019 Africa, as a trade and export destination, is looking increasingly attractive from a South African perspective, and represents an opportunity for growth for many South African companies, says research and consulting specialist Africa House MD Liz Whitehouse. Africa offers South African companies... 

The WCO’s fellowship programme

By: Riaan de Lange     26th April 2019 The World Customs Organisation (WCO), known as the Customs Cooperation Council until 1994, is not as well known as the World Trade Organisation (WTO). This is odd, since the WCO was founded on January 26, 1952, while the WTO founded several decades later – on January 1, 1995. Part of the reason... 

World's central banks want more gold as India joins spree

By: Bloomberg     24th April 2019 India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves. The Reserve Bank of India’s purchases are part of a wider picture across... 

IMF slates unpredictable policies in report Tanzania blocked

By: Bloomberg     23rd April 2019 The International Monetary Fund said that Tanzania’s economy is being harmed by the government’s “unpredictable and interventionist policies” in a report whose release the East African country has blocked. Tanzania refused to authorize the publication of the report, the IMF said Wednesday in a... 

Nigeria has no intention of cutting fuel subsidy at this time

By: Reuters     18th April 2019 Nigeria has no intention of removing subsidies on petroleum products, its finance minister said on Wednesday after the International Monetary Fund (IMF) advised the country to eliminate them to protect public finances. Africa's top oil producer and biggest economy heavily subsidises gasoline and... 

A region in mourning

By: Martin Zhuwakinyu     12th April 2019 Southern Africa is in mourning. More than 1 000 people have perished since the tropical cyclone, Idai, lashed parts of Malawi, Mozambique and Zimbabwe last month. The toll will likely increase, as scores have been missing for weeks and hopes are fading that they are still in the land of the... 

IEA says oil market tightening, but global demand may falter

By: Bloomberg     11th April 2019 Global oil markets are tightening as Opec supply falls, the International Energy Agency said, while warning it could lower demand forecasts because of economic threats. Crude inventories are set to decline for the rest of the year as Saudi Arabia and its partners curb production, while exports... 

Rand firms, breaks below key R14/$ mark

By: News24Wire      10th April 2019 The rand broke below the key R14/$ mark on Wednesday. By 10:40, the rand was trading at R13.98 to the greenback. 

IMF trims South Africa's economic growth forecast to 1.2%  

By: Reuters     9th April 2019 The International Monetary Fund lowered its forecast for South Africa's economic growth to 1.2% in 2019 and to 1.5% in 2020, saying political and policy uncertainty remained a constraint on activity. South Africa has seen growth stagnate in the decade since the world's financial crisis, with... 

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