South Africa has been ranked the second worst performer of the G20 non-OECD member countries, behind Saudi Arabia, for its lack of transparency and continued support for fossil production, fossil-fuel based power and consumption of fossil fuels
The fact that women, even under normal circumstances, multitask as teachers, cooks, cleaners and more has been rendered even more vivid by the lockdown
Policymakers and pundits, however, must ensure novel solutions do not exacerbate the inequalities of the South African education system
Fixing South Africa’s economy requires the right political will, says Pravin Gordhan and the Organisation for Economic Cooperation and Development.
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/ 25 February 2012
The head of the OECD has said that the eurozone needs to build "the mother of all firewalls" to prevent the crisis from spreading throughout the bloc.
Growth in African countries will to slow to 3.7% this year owing to upheavals in northern Africa and increased food and fuel prices.
Top policymakers are striving to temper optimism the global economy has turned a corner, which has propelled world stocks on a six-week climb.
Latest report shows the sector has to meet a growing demand without compromising quality.
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/ 22 September 2008
United Nations chief Ban Ki-moon has appealed to rich countries to honour their 2005 pledge to more than double their aid to the African continent.
Business Unity SA has welcomed the overall thrust of the Organisation for Economic Cooperation and Development’s economic assessment of South Africa.
The Organisation for Economic Cooperation and Development on Tuesday released a key report on the economic status of South Africa.
SA’s economic growth rate still trails that of most dynamic emerging economies, with unemployment a key challenge to the country’s development.
Japanese Prime Minister Yasuo Fukuda pledged on Wednesday to double Tokyo’s aid to Africa by 2012 to spur growth and attract private investment — a model that helped propel post-war Japan into economic prosperity. Japan will provide up to -billion in flexible, low-interest ”soft loans” to Africa over the next five years.
Although the violent nature of crime in South Africa is often highlighted, white-collar crimes are rampant and impact negatively on citizens’ rights. Bribery and corruption were perceived to be the most prevalent crimes, said a South African Human Rights Commission report.
Africa’s economy will grow by 6% this year and next, an acceleration from 2007, owing to high oil prices and demand for commodities, research from the African Development Bank (ADB) showed on Monday. The joint research was released ahead of the ADB’s annual meeting, which starts in Maputo, Mozambique, on Wednesday.
More than 3 000 delegates from 193 nations will descend on the Ghana capital, Accra, on Sunday for five days of United Nations talks on globalisation — against a backdrop of rising food prices and an economic slowdown. The talks will be opened by UN Secretary General Ban Ki-moon, who will warn that not everyone benefits from globalisation.
Food prices are soaring, a wealthier Asia is demanding better food and farmers can’t keep up. In short, the world faces a food crisis and in some places it is already boiling over. Around the globe, people are protesting and governments are responding with often counterproductive controls on prices and exports.
Freer trade could bring benefits worth up to -billion a year to the world economy, according to a study on Thursday that dismisses growing unease about globalisation. The report, by two economists in Australia and Britain, also suggested greater immigration to rich nations from developing countries would raise economic growth.
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/ 16 February 2008
President George Bush set off on Friday on a five-nation tour of Africa, touting American compassion for the poor on a continent where he already basks in high approval ratings. Bush aims to use the week-long Africa voyage, likely his last as US president, to bolster his legacy and highlight efforts to resolve regional disputes.
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/ 13 February 2008
The world oil market could be set for a lengthy slowdown, the International Energy Agency (IEA) said on Wednesday, signalling a sharp shift in the climate that pushed the oil price to $100 last month. "Just as the demand shock of 2004 shaped the oil market for the next three years, so too could the pending slowdown," the IEA said in its monthly review of oil trends.
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/ 13 January 2008
President Nicolas Sarkozy’s talk of creating a new growth and well-being index for France is part of a mounting global campaign that many economists believe will shape civilisation and democracy in the 21st century. Sarkozy presented his recruitment of Nobel prize-winning economists Jospeh Stiglitz and Amartya Sen to work on a quality-of-life index.
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/ 11 January 2008
Tax collectors from 39 countries around the world meeting in an Organisation for Economic Cooperation and Development-sponsored conference on Friday agreed to support a further conference specifically on taxation in Africa. The conference will be hosted by the South African Revenue Service, and will take place in May this year.
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/ 10 January 2008
Talks are under way to explore the possibility of South Africa being invited to join the Organisation for Economic Cooperation and Development (OECD) — the so-called "rich man’s club" of nations. The 30 OECD countries have already given the green light for the start of accession talks with five prospective new members.
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/ 10 January 2008
Finance Minister Trevor Manuel said on Thursday that he did not have any concerns about the direction fiscal policy might take following the victory of Jacob Zuma at the African National Congress’s leadership conference in Polokwane last month. He said fears about fiscal policy were just so much hype.
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/ 26 December 2007
Oil prices of near per barrel caused alarm in consuming countries in 2007, and analysts forecast another tense crude market next year with triple-figure records a real prospect. Despite a murky outlook for the world economy, crude prices are seen settling at elevated levels.
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/ 16 November 2007
A new World Trade Organisation (WTO) accord could improve access to clean-energy tools in poorer countries, but any deal making it easier to ship cargo internationally would also carry a heavy carbon footprint. Environmental economists are uncertain about the relative merits of the WTO’s Doha round.
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/ 7 November 2007
Oil prices jumped to a new trading record above $98 a barrel on Wednesday amid expectations of declining United States supplies. The weak dollar and the Organisation of the Petroleum Exporting Countries’s apparent reluctance to pump more crude into the market also boosted prices.