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Retail sales up 6.1 percent

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… base effects diminish," said Nedbank. The bank said recent economic releases suggest that the overall economic recovery remains fragile, with production still taking …

2011 Budget Speech by Minister Pravin Gordhan, Minister of Finance

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… journey is under way. We have embarked on the long walk to economic freedom. All South Africans aspire to these … transformation and expansion of our social and economic possibilities. In reflecting on commitments made in … Mister Speaker, there are encouraging signs of stronger recovery in the global economy as we enter 2011. But it …

Grim outlook for 2011 global economy - UN

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… New York - The recovery from the global economic crisis has been faced with … on Wednesday. The annual UN report titled the "World Economic Situation and Prospects 2011 (WESP)" pointed to high …

Idasa hopeful about Budget, warns of debt servicing

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… fastest increasing budget item over the medium-term. "The economic backdrop to the 2011 Budget does look more … to be realised. However, Verwey said the continued slow recovery of tax revenue meant that deficit financing remained … of 7.2 percent," he said. According to Idasa, though economic recovery in the narrower sense appears to be …

SA records R4.9bn trade deficit

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… commodity prices is likely to be countered by global economic recovery that is still hesitant. "Imports on the other hand …

Continental cooperation needed to create jobs

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… at regional and continental level to ensure complementary economic and social policies that create decent work … development policies and ensuring regional and continental economic cooperation in ways that promote jobs," said Zuma. … Mildred Oliphant, who told the summit that economic recovery could not be sufficient until there was employment …

E Cape trade doubles

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… Sitembele Mase, said the increase in trade indicated an economic recovery in the review period, following the recession of the … period, partly due to the continued negative impact of the economic downturn and the corporation repositioning itself as …

British Royals to touch down in SA

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… on trade and investment promotion to support Britain's economic recovery; employment opportunities; education and practical …

Royal Highnesses to visit SA

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… on: * trade and investment promotion to support Britain's economic recovery; employment opportunities; * education and practical … anniversary of Independence. Bilateral ties, including economic cooperation, will also be to the fore in Kuwait and …

Implementation should be at core of Zuma's address

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… confidence and the role of business in order to strengthen economic recovery and promote growth. It also hoped that the address … of job creation, poverty reduction, education, economic transformation, infrastructural development and …

SA's current account deficit widens to 3.1%

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… positive profit announcements by domestic companies as the economic recovery proceeded," said the report. …

Grim outlook in resolution of Eurozone problems

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… was a mixed picture that was unfolding with small sight of recovery in the US, the world's biggest economy. Although … while also solving the youth unemployment debate." Economic Development Minister Ebrahim Patel said the launch of the council came at a time when the global economic recovery remained fragile. "We face deep …

SA, Germany commit to strengthen partnership

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… the economy, both acknowledged that there existed signs of economic recovery in their respective countries following the deterioration in the global economic situation during 2009. However, they stressed the …

SARS announces increased tax collection

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… managed to collect in the 2008/09 period. "This slow recovery of CIT in the main accounted for the current tax to … sectors showed robust growth on the back of a modest economic recovery," read documents from SARS. Gordhan said … 20 000 jobs created each quarter. He said given the tough economic climate, SARS had done very well. He was of the view …

SA, India, Brazil to create Working Group on Decent Work

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… and India to co-operate in promoting a job-intensive economic recovery and create a framework for sustainable growth. "This … exchange of experiences and be used as an engine of economic growth as well as a co-ordinated response to global …

SA allocates R268m in aid to 19 countries

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… R100 million went to Cuba to help support the country's economic recovery following the 2008 hurricanes, she said. South … to Zimbabwe to contribute towards supporting the country's economic recovery programme. The remaining funds were …

CPI rises to 4.1% in March

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… would do little to contain inflation and risks curbing the economic recovery. As a result, the Reserve Bank is only forecast to …

Brics trade ministers to bolster business ties

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… Pretoria - Trade ministers at the Brics Economic and Trade Ministers' meeting have agreed to expand … an institutional framework and concrete measures to expand economic cooperation among BRICS and with other developing … agreed that as the world economy continued a momentum of recovery since the 2008 financial meltdown, the foundation …

CPI rises to 5% in June

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… as an early interest rate increase would risk curbing the economic recovery," said Nedbank. …

No growth in May retail trade sales

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… with the latest weak production statistics, confirms that economic recovery is still hesitant. Despite rising inflation, we …