African countries may have growth rates that are the envy of developed economies, but the continent’s boom has failed to dent poverty levels.
Investors will have plenty to work on through the week, despite US President Barack Obama’s second inauguration staying in the spotlight.
Iran’s president Mahmoud Ahmadinejad is shouldering the blame for the financial woes hitting the republic, writes Saeed Kamali Dehghan.
Reserve Bank Governor Gill Marcus has warned that South Africa’s economic outlook is deteriorating rapidly, with strikes likely to lead to job losses.
India’s rapid progress may be halted if high public expenditure is not brought into check, writes Jason Burke.
Economic events around the globe over the past five years have revealed one important fact: the modern banking system is fundamentally dysfunctional.
The ANC’s economic transformation views are big on everything except their details, writes Stephen Gelb.
Britain is unique in that it does not tax its super-rich on all their earningsand the wealthy have been insulated from economic crisis.
<b>Louise Redvers</b> reports that ordinary people are losing patience because of the worsening economic crisis — but the king has no answers.
Fresh from his victory on landmark healthcare legislation, United States President Barack Obama is ready to take on Wall Street.
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/ 9 September 2009
The stark social cost of Russia’s economic crisis was exposed when new statistics revealed a 30% increase in the number of people living in poverty.
The global economic crisis has resulted in a paradigm shift in which the "rich and powerful have been humbled", Eskom chairperson Bobby Godsell says.
The National Union of Metalworkers of SA (Numsa) will demand the reinstatement of General Motors SA workers in the labour court on Thursday.
Africa waited decades to host its first Soccer World Cup and when it comes, it’s during an unprecedented global economic crisis.
South Africa, grappling with its first recession in 17 years, expects tax revenues to decline, Finance Minister Pravin Gordhan said on Friday.
The head of the World Bank said on Wednesday there were signs the global financial crisis was easing, but warned there were still potential risks.
The current economic crisis will have severe consequences for the African continent, according to the 2009 African Economic Outlook issued on Monday.
The global economy has already passed the worst of the economic crisis and should soon pull out of its slump, George Soros said on Monday.
The current gloomy economic climate has seen a move back to ”naughty sexuality”, Sexpo said on Thursday.
The economic crisis could lead to over 300 000 job losses, economist Mike Schussler said in the 8th United Association of SA Employment Report.
Interest rate cuts are among the policy responses proposed to minimise the impact of the global financial downturn, it was reported on Wednesday.
The economic crisis will give way to a more enduring era of economic development in Africa, Finance Minister Trevor Manuel said on Monday.
Employment growth in SA is steadily declining but the country remains better off than many others, consulting company Grant Thornton said on Thursday.
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/ 20 February 2009
Finance Minister Trevor Manuel says the global economic crisis is not likely to be over shortly.
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/ 4 February 2009
Bundled in city clothes, Zhao Yongfeng slumped in front of a television set and tried to ignore the red-cheeked children in padded jackets.
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/ 30 January 2009
Volkswagen SA said on Friday it had been forced to take steps to address the economic crisis and would shed up to 400 jobs.
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/ 26 January 2009
Companies forecast almost 70 000 job cuts in a single day as the rampant crisis born in the banking sector struck workers across the globe.
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/ 26 January 2009
Icelandic Prime Minister Geir Haarde announced on Monday the resignation of his government in the wake of the country’s dire economic crisis.
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/ 20 January 2009
EU finance ministers met in Brussels on Tuesday to discuss how to mitigate one of the bloc’s sharpest economic downturns in decades.
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/ 16 January 2009
De Beers Consolidated Mines has begun consultation with labour unions about possible retrenchments, the world’s largest diamond miner said on Friday.
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/ 16 January 2009
The global economic crisis is stifling investment into Africa and will put heavy strain on the region, Finance Minister Trevor Manuel said on Friday.
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/ 16 January 2009
Bank of America was rescued by the US government on Friday through a -billion bailout.