Cosatu has condemned what it termed ”the walkout” by financial institutions from a meeting to gazette the Financial Sector Charter.
South Africa should not only be training artisans for current needs, but also replacing its aging workforce, says a human resources company.
SA is not moving into a recession, Jeremy Gardiner, director at Investec Asset Management, said on Thursday at a media briefing in Johannesburg.
SA needs to see progress in the development of skills, UK Permanent Under-Secretary of State for Trade and Consumer Affairs Gareth Thomas says.
Investors have concerns about South Africa, former Federal Reserve chairperson Alan Greenspan told a conference in Sandton on Tuesday.
Investors may face a bumpy ride in the short term, but market prospects for later in 2008 look relatively positive, said unit trust company Stanlib on Wednesday. Stanlib forecasts a rise of 18% in the JSE all-share index over the next 12 months, assuming corporate earnings growth stays solid at 17%.
The high rate of credit extension in South Africa had become a major concern for the South African Reserve Bank (SARB), the bank’s Governor Tito Mboweni said on Monday while addressing trainee chartered accountants in the Western Cape. "Consumer spending through credit-card lending has recorded year-on-year growth of 38,6% to a level of R36,9-billion at the end of July 2006.
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/ 29 September 2006
The South African Reserve Bank (SARB) on Friday said in a statement that it would hold a strategic planning session on inflation from September 28 to October 1. In a statement, SARB Governor Tito Mboweni said: "In 2003, after three years of inflation targeting, it was decided to hold periodic strategic planning sessions of the Monetary Policy Committee.
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/ 13 September 2006
Virgin Mobile’s Richard Branson said in an open letter this week that the request that the Independent Communications Authority of South Africa (Icasa) postpone the "long awaited and agreed date" of number portability was "an absolute disgrace and completely unacceptable".
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/ 4 September 2006
The main factors that have recently led to the heightening of the inflationary risks, namely high levels of consumer spending, adverse movements in the exchange rate, a larger current-account deficit, higher food prices and high oil prices, serve as the backdrop to the tightening cycle in South Africa, Tito Mboweni, Governor of the South African Reserve Bank, said on the weekend.