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Evan Pickworth

‘Africa needs greater unity to punch above its weight’

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Africa needs to urgently improve its cooperation across the continent, Minister in the Presidency Trevor Manuel said on Friday.

SA labour market distress to continue

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The announcement of a reduced formal workforce in SA of 179 000 people in the first quarter clearly signals a labour market in distress.

Manufacturing, the GDP killjoy, at its worst since 1960

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South Africa's manufacturing sector is not only in a recession, it is dropping at rates last seen before TV had even been introduced into the country.

SA credit growth slows, giving bank room to cut rates

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South African bonds overlooked a weaker rand to open firmer on Friday after credit extension and money supply data surprised to the downside.

DA: ANC lurch to the left will throw SA off course

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An ANC lurch to the left is bound to throw the country off course, said Democratic Alliance leader Helen Zille on Thursday.

Treasury: Tough decisions taken early are bearing fruit

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Tough economic decisions taken early on are bearing fruit in the face of the world financial crisis, said the National Treasury on Tuesday.

Expect budget changes by new ANC, says economist

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The new ANC leadership is likely to make budget changes prior to the election next year, says an economist.

Mboweni: Inflation expectations have deteriorated

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Inflation expectations have deteriorated somewhat, Reserve Bank Governor Tito Mboweni told a bank shareholders' meeting on Thursday.

Can America have a private recession?

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Economist Clem Sunter said during a BDO seminar on Tuesday evening that the recession in the United States was starting to spread like a virus.

Mboweni: I will serve another term if asked to

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Reserve Bank Governor Tito Mboweni said on Tuesday that he will complete his current term in August 2009, and if asked to serve another term, he will.

JSE: CPIX data aids banks

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SA stocks remained volatile by noon on Wednesday as resources flip-flopped around, but a CPIX reading in line with expectations aided banks.

Strong dollar upsets commodity train

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South African stocks were on the retreat by noon on Tuesday as a strong dollar upset commodity prices and stocks.
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