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President Zuma commits to helping rebuild Somalia
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… been our suffering and now that they are on the road to recovery and prosperity, we wish to walk beside them and … to define a programme of action to strengthen trade and economic relations that are beneficial. “We are therefore …SA needs new growth path
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… not manage to get unemployment below 22.8 percent of the economic year to publication," said Davies. Deputy President … rate and a better utilisation of labour. In March, Economic Development Minister Ebrahim Patel announced a shift … ensure a competitive currency". The report showed global recovery was fragile and uneven with emerging markets leading …Business confidence goes up
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… improved in the third quarter of 2010, says the Bureau for Economic Research (BER). "The results indicate that the recovery in the retail sector remained on track, although …Leaders urged to invest in eradicating poverty
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… cohesion. And it means reconsidering conventional wisdom. Recovery from the economic crisis should not mean a return to the flawed and …CPI rises to 3.4 percent in October
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… keep interest rates on hold throughout 2011 as the local recovery remains relatively modest and inflation slowly … easing is still possible if the rand remains strong, economic growth disappoints again and inflation remains," …CPI rises to 3.4 percent in October
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… keep interest rates on hold throughout 2011 as the local recovery remains relatively modest and inflation slowly … easing is still possible if the rand remains strong, economic growth disappoints again and inflation remains," …IBSA unites for job creation
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… recession. The programme aims to promote a job-intensive recovery from the global economic downturn, create a framework for sustainable growth …Nation Address by Jacob Zuma
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… to Tata Madiba and his family, and wish him a speedy recovery. Compatriots, We need to accept the reality that … not a welfare state, the social grants will be linked to economic activity and community development, to enable … in the face of the recent financial crisis and the global economic meltdown. The Budget deficit is set to decline from …Positive outlook for August retail sales
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… next meeting in mid November, showing that South Africa's economic recovery remains on a relatively firm footing. "We therefore … have moderated to 7.4 percent," Nedbank said it its weekly economic forecast. Meanwhile, Standard Bank pointed out that …MPC keeps repo rate at 5.5 percent
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… that it is of the view that the domestic consumption recovery will be sustained. "While there are increasing risks … to revised assumptions of the international oil price. The economic outlook globally said the Reserve Bank remains …Business welcomes SARB's interest rate decision
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… rates as is. "BUSA [Business Unity SA] shares the overall economic assessment offered by the Bank today and on a … BUSA also agreed with the Reserve Bank that the current economic recovery is modest and vulnerable, with a growth rate of …Monthly vehicle sales show decline
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… of the new car emissions tax regime. Certain domestic economic performance indicators such as the Purchasing … Managers Index and the Reserve Bank's leading indicator of economic activity also suggested that domestic economic … in the case of export sales, the sustainability of the recovery in the global economy," explained NAAMSA. Standard …Retail trade sales surprise in December
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… is likely to improve through the course of 2011 as economic recovery continues and interest rates remain low and … remain reluctant to use credit. The still hesitant economic recovery is likely to keep interest rates at current …SA growth projections lower in 2011, 2012
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… Monetary Fund (IMF) said on Tuesday. In its latest World Economic Outlook (WEO) report update, the IMF said the … sub-Saharan Africa have recovered quickly from the global economic meltdown with the region projected to grow 5.5 percent in 2011. "But the pace of the recovery has varied within the region. Output growth in most …GDP expected to reach 3.8% in 2011: BER
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… is forecast to reach 3.8 percent in 2011, the Bureau for Economic Research (BER) said on Thursday. "For 2011, the BER … a projected 4.3 percent in 2010," said the bureau. Recent economic data strongly suggests that GDP growth accelerated … of 1.7 percent recorded in 2009. Importantly, the growth recovery to date has not been broad-based, with robust …Zuma wishes Madiba well
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… from around the world in wishing Nelson Mandela a speedy recovery after he was admitted to hospital on Wednesday for … routine tests. President Zuma, who is attending the World Economic Forum annual meeting in Davos, Switzerland, is being …Business SA optimistic on 2011 outlook
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… South Africa (BUSA) is "cautiously optimistic" about the economic and business outlook for 2011. "Although economic recovery this year has been mild, and is likely to fall short …Economy sees growth at end of 2010
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… and business services contributed to the increase in economic activity in the fourth quarter, with the … "Today's GDP figures are encouraging, suggesting that the recovery is no longer confined to spending but also supported … spending and infrastructure constraints hold back the recovery. … Economy sees growth at end of 2010 …Better education, state delivery needed for NGP success
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… for the government's New Growth Path by the Minister of Economic Development Ebrahim Patel. Iraj Abedian, chief … Deputy Director General for policy at the Department of Economic Development says there was a tendency by many … in the first social pact, the Programme for National Recovery (PNR). Azar Jammine, chief economist of Econometrix, …Budget parameters likely to stay unchanged: Idasa
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… the 2011 Budget will be released against a more favourable economic backdrop than the 2009/10 Budgets, which were drawn … amid the recession and job losses. "The current degree of economic recovery and the slightly more favourable fiscal position we …