The very industries that should benefit from the rand’s slump are the ones being hobbled.
GDP data is expected to show SA rebounded from a contraction but there still remains little momentum to spur economic growth.
The president is under pressure to buoy investor confidence with his State of the Nation Address amid a credit-rating downgrade and ongoing strike.
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Inflation in South Africa increased to 6.1% in April, exceeding the Reserve Bank’s target of between 3% and 6%.
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The rand is down and inflation is up, but has not yet breached the Reserve Bank’s upper target range.
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While the local poor protest about basic amenities and housing, the rich are flocking to Cape Town to enjoy its luxury accommodation.
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The former labour minister and reserve bank governor may be planning a return to politics as he steps down as AngloGold Ashanti’s chairperson.
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Nations in southern and eastern Africa are progressing towards an agreement on a free trade area that wil comprise of nearly 600-million people.
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The UK’s Standard Bank has been fined $12.6-million by the Financial Conduct Authority for failing to implement adequate anti-laundering controls.
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Major companies like Amazon are looking to outsource their call centres to SA, listing South Africans’ "English premium voice quality" as ideal.
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SA’s mining and oil laws need more research and refinement before they are adopted and will probably only be amended next year, says Parliament.
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Government will take a stake in a new gas and oil venture, but energy companies say it could lead to significant delays in planned investment.
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