An annual round of strikes and inflationary pay hikes could not have come at a worse time for a strained South African economy.
South African municipal workers are to strike over wages from Monday, unions said, in a move that could hit public services.
Africa waited decades to host its first Soccer World Cup and when it comes, it’s during an unprecedented global economic crisis.
SA does not expect an early end to the Doha trade talks and wants imbalances in current proposals addressed before pushing for a conclusion.
SA faces a sharp downturn after a prolonged boom and is responding with counter-cyclical measures to boost growth, Treasury DG Lesetja Kganyago says.
South Africa looks set for a second consecutive quarter of negative growth, Tito Mboweni said on Tuesday, tipping the country into recession.
SA’s economy will remain lacklustre this year, helping to cool inflation, although expected electricity price increases pose a risk to the outlook.
Southern African leaders were on Monday expected to suspend Madagascar from the SADC regional grouping, after its president was forced from office.
Tito Mboweni announced on Wednesday that the South African Reserve Bank will now meet on March 23 and 24 to decide on interest rates.
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/ 11 February 2009
SA ramped up spending in its 2009 budget but cut taxes to counter a global slowdown and boost an economy seen limping to its lowest rate of growth.