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Recession unlikely in second quarter: Reserve Bank

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… 2014. If there is a second consecutive quarter of negative economic growth this would mean a technical recession. “The … meeting of the year in January. “However, with domestic economic growth weak, and world inflation and interest rates … This will provide continued support to the economic recovery,” it said. The review found that household …

2014 Budget Speech

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… our economy after the 2008 crisis. We have achieved a recovery in growth and jobs. Yet we need to do more, together … the knowledge that all South Africans will gain from our economic transformation, just as we all share a new pride and identity in our Constitutional democracy. So the new economic order we seek cannot just be a pact amongst elites, …

Min Gordhan anchors budget on economic growth

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… Cape Town – Despite the sluggish local economic growth brought about by the 2008 global recession, … Gordhan said government would focus its efforts on economic growth. This would be backed-up by plans to increase … recovered. “We stabilised the economy and ensured a recovery. Our response was to implement an aggressive fiscal …

WEF ends with cautious optimism

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… Davos - The annual meeting of the World Economic Forum (WEF) concluded on Saturday on a note of … The idea that global economy is on a bumpy path of recovery, but is shadowed by uncertainty, potential risks and … probed into possible approaches to problems such as global economic recovery, financial outlook, new energy, health and …

Global unemployment on the rise

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… on 2012. The numbers illustrate the effects of uneven economic recovery and successive downward revisions in economic growth projections. The bulk of the increase comes …

BRICS crucial to dealing with global food crisis

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… to deal with the global food crisis, promote global economic recovery as well as play a crucial role in global initiatives …

World leaders pleased with global economic recovery

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… it was agreed by the UN Security Council. Investing in economic growth and creating jobs was the main priority on … reforms to address the major fault lines that caused the economic crisis that set in in 2008. “We are building more … Leaders also agreed that corruption impedes sustainable economic growth and poverty reduction, threatening financial …

G20 leaders meet to discuss Syria

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… The Russian President told the summit that a global economic recovery was not yet assured and there were still risks of …

G20 summit: A test for world leaders

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… Pretoria – Although economic recovery is underway from the shock of the worst global … for better global coordination of efforts to reduce the economic burden that the crisis has handed to developing …

More prudence needed in economic crisis response

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… considered global collective action in response to the economic crisis, ahead of its participation in the G20 … takes place against the backdrop of a fragile and uneven economic recovery - hence the talk of the "three speed” global … More prudence needed in economic crisis response …

SADC worried over escalating violence in Egypt

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… said SADC had significantly steered the region towards economic integration, peace and democracy.  She called on … despite a few pockets of political insecurity. “On the economic front, the summit noted food security and nutrition … on Zimbabwe so that country can find its way to economic recovery. Leaders also welcomed the deployment of the SADC’s …

SA congratulates Mali's President-elect

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… peace talks with northern rebels, reform of the army and economic recovery to bring back to normal this West African country … by nearly two years of political-military turmoil and economic recession. - SAnews.gov.za …

Bold steps needed to curb labour unrest

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… many countries that have greater instability, but their economic narrative is extremely positive. South Africans want … during a period of declining employment, and provided an economic stimulus through rising allocations towards … a combination of revenue growth in line with the economic recovery, and disciplined real growth in spending.” He said …

SA to prioritise regional integration

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… to the creation of an environment conducive to sustainable economic growth and development," he told a joint sitting of … with particular emphasis on improving the political and economic integration of SADC, towards the AU goal of a Union … to support the inclusive government to achieve economic recovery," he said. On Madagascar, which has also dominated …

Obama deals with economy, Iraq, Guantanamo on day 1

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… the United States - the pullout of US troops from Iraq and economic recovery. In a meeting with the US ambassador to Iraq, the US … to fulfill his promise to get the country out of its economic woes by calling in his top economic advisors to …

Zim unity govt gives new lease of life to businesses

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… operations in Zimbabwe are once again showing signs of a recovery after a decade of political deadlock in that country … expecting to see significant changes, barring the global economic down-turn which has led to less people wanting to … $69 million USD in 2007. Although investment is critical, economic recovery hinges on political stability in a country. …

Infrastructure investment sustaining SA's economy

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… to sustain South Africa's economy in the midst of global economic recession, Trade and Industry Minster Mandisi Mpahlwa said, Tuesday. Speaking at the Economic, Investment and Employment Cluster Programme of … the trade and industry minister said. The road to economic recovery in South Africa is a road government does not know, …

Elections will not affect SA's response to economic crisis

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… Johannesburg - South Africa's efforts in dealing with the economic crisis will not be affected by the transition in … South Africa would be part of global efforts to tackle the economic crisis, hence its participation in the upcoming G20 … banking sector would be instrumental in ensuring economic recovery. "South Africa's banking system will play a key role …

SA, Zim foreign ministers to strengthen cooperation

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… is expected to review existing bilateral political, economic and trade relations between the two countries as … reconciliation, reconstruction and development as well as economic recovery. Last month, Southern African Development Community …

Economy, climate change tops G8 agenda

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… countries began their summit on Wednesday, with the economic crisis and climate change at the top of their … policy measures. Michael Froman, President Barack Obama's economic adviser, said the summit would be a time for the … to get together to assess the effects of the economic recovery effort and decide on additional steps. The World …