Wendy Hall

Mozambique’s economic growth is expected to slow but remain robust over the medium term, according to Standard Bank economist Robert Bunyi’s mid-year guage of the country. Real gross domestic product growth is expected to slow over the next few years as construction activity related to large-scale projects winds down.

The JSE was still down slightly in midday trade on Friday after slipping off Thursday’s all-time high. The JSE started lower on early profit taking as well as the stronger rand against the United States dollar, equity brokers said. On Thursday the all share reached an all-time high of 14,832.18.

South African Reserve Bank Governor Tito Mboweni says much can be learned from the European Union as the Southern African Development Community (SADC) attempts to create a single monetary union for the region by 2016, adding that it is necessary to be strict about macroeconomic convergence criteria.

Transnet CEO Maria Ramos hopes the transfer of national carrier South African Airways (SAA) to the government will be complete by March next year. Ramos said a joint team with representatives from Transnet, SAA and the Department of Public Enterprises is working on an exit strategy for the airline.

Spoornet is to consider a move to a vertical separation model between infrastructure and operations, chief executive Siyabonga Gama told the African Rail conference in Johannesburg on Tuesday. Gama said private sector participation in rail services in the form of concessions was a useful tool to fund and manage operations.