Xola Potelwa
latest news & developments
Tipping point looms for SA as economy’s despair grows
Not since Nelson Mandela walked out of Victor Verster prison 26 years ago have investors been gloomier about South Africa’s economy.
One in four South Africans remain jobless
South Africa’s unemployment rate rose in the third quarter, with more than one in four out of work.
Marcus sounds warning on SA economy
Reserve Bank Governor Gill Marcus has warned that South Africa’s economic outlook is deteriorating rapidly, with strikes likely to lead to job losses.
South Africa suffers shock current account deficit hit
SA’s current account recorded its largest deficit in nearly four years in the second quarter of 2012 as exports fell due to subdued external demand.
FNB looks to appoint new sharia board by end 2012
First National Bank says it is aiming to appoint a new sharia board for its Islamic finance division by the end of 2012.
Gordhan says SA growth likely to miss target
Finance Minister Pravin Gordhan says SA’s growth this year is likely to miss forecasts while the central bank warns about the economy’s vulnerability.
South Africa pegged as eurozone safe haven
SA may issue five new bonds this week, helping to plug a 10-year benchmark gap and extend the government yield curve by a further seven years.
Inflation settles within target range
Headline inflation slowed in March to within target range for the first time in four months, suggesting inflation may undercut the forecasts.
Oil and food main risks to sub-Sahara Africa
There is little risk the political crisis in North Africa could spread to sub-Sahara Africa, but escalating oil and food prices are the main worry.
Current-account gap widens, household spending up
South Africa’s current-account deficit widened in the third quarter, partly due to a fall in receipts after the boost from the Soccer World Cup.
South Africans unite in Soweto rugby final
Bulls supporter Eldre Janse van Rensburg had never set foot in Soweto before Saturday’s Super 14 rugby final.