Creator
Phumza Macanda
State says Moody’s worries on politics overdone
South Africa has played down suggestions from Moody’s that political pressure could lead to a further deterioration in public finances.
Reserve Bank dovish, factory rise seen as blip
The Reserve Bank’s note about the economy has hinted at a chance of a rate cut, despite a stronger-than-expected performance in the factory sector.
Rand tumbles, tipped to hit R8/dollar
The rand tumbled nearly 3% to hit 16-month lows against the dollar as importers piled into the greenback, spooked by a recent trend of sharp declines.
Expenditure growth slows in second quarter
The pace of spending in the economy slowed sharply in the second quarter — partly as household consumption eased — but investment has picked up.
SA current-account deficit at seven-year low
South Africa’s current account gap narrowed to a seven-year-low in the fourth quarter of 2010, while expenditure slowed, the Reserbe Bank said.
Nationalisation not govt policy, Gordhan reiterates
Nationalisation of South Africa’s mines and other economic assets is not government policy, Finance Minister Pravin Gordhan said on Monday.
Gordhan says 7% GDP crucial for jobs
South Africa needs to double the rate of its economic growth in order to create jobs, Finance Minister Pravin Gordhan said on Thursday.
May retail sales climb, jury out on rates
South African retail sales rose more than expected in May, growing for the fifth month in a row ahead of the soccer World Cup.
Gordhan, AG to probe ‘wasteful’ ticket spending by govt
Finance minister and auditor general are to investigate World Cup ticket purchases by government agencies amid concerns over "wasteful expenditure".
SA’s current-account gap widens in first quarter
The deficit on South Africa’s current account widened more than expected in the first quarter.
SA credit demand falls, corporates weigh
Demand for credit from South Africa’s private sector fell more than expected in April, reflecting companies’ reluctance to borrow further.
SA retail sales down
South African retail sales fell more sharply than expected in November, highlighting the weakness of consumer demand.
Rates seen steady as Marcus takes helm
The SARB will likely keep rates unchanged at the end of a two-day meeting that started on Monday, the first to be chaired by new Governor Gill Marcus.
SARB: Banks’ bad loans no major systemic risk
Rising credit impairments at South African banks do not pose a major systemic threat to the financial sector, the central bank said on Tuesday.
SA inflation seen slowing further in August
South Africa’s targeted consumer inflation likely slowed further in August, a poll has shown.