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UN stands with Chilean people - Ban

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… of up to $10 million in UN funds to support the relief and recovery effort in Chile. He also announced the creation of a … shelters, education and water and sanitation. The UN Economic Commission for Latin America and the Caribbean …

EC exceeds jobs target, but challenges remain

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… in the country after Gauteng and Limpopo, according to Economic Development Minister Ibrahim Patel. The figure is … that the province’s GDP growth dropped from the recovery figure of 3.4% in 2011 and is expected to remain at … number of programmes to ensure young people had access to economic development opportunities. These include maintaining …

Trade conditions continue to improve

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… slowed given the uncertainty about the strength of the economic recovery over the medium term. The index on selling prices … of the 2010 FIFA World Cup as well as anticipated stronger economic recovery in the second half of the year, said SACCI. …

Economists upbeat about GDP figures

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… Danelee van Dyk. The economists however cautioned that recovery of the country's economy will be slow. Additional to … MPC other than confirm that the economy is turning around. Economic growth will have to disappoint for the bank to cut …

T-20 ministers discuss tourism, economy

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… to discuss how best the industry will assist in the global recovery. The meeting, which is dubbed the T-20, under the … globally and in South Africa as a vital contributor to economic growth as well as a key job provider and therefore vital in driving the economic recovery globally. Speaking at the opening of the …

SACCI concerned at farm attacks

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… conservative approach to the impact of farm attacks on economic output," the Chamber said. It is by no means a comprehensive estimate of economic impact of the attacks on farms or the direct, … as these further impede South Africa's currently modest recovery from the global economic crisis. They constitute a …

Taxi strikes hamper economic recovery - SACCI

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… Pretoria - Minibus taxi strikes hamper South Africa's recovery from the global economic meltdown, says the South African Chamber of Commerce … threats of strikes are hampering South Africa's hesitant recovery from the global crisis and casting a shadow over the …

Labour-intensive economy to create jobs - Patel

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… Cape Town - The Department of Economic Development has identified several areas of the … and innovation to the challenge of jobs and growth," said Economic Development Minister Ebrahim Patel delivering his … While, South Africa's economy has started to show signs of recovery, Patel conceded that regulatory reforms that …

Cabinet talks tough on taxi strikes

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… Industry (SACCI) said taxi strikes hampered South Africa's recovery from the global economic meltdown. …

Reserve Bank slashes repo rate

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… very uncertain times," she said, adding that the global recovery has continued in an uneven way with downside risks … the news. "Given the present internal and external economic trends, it is the right move. With interest rates … following data, which pointed towards the domestic recovery losing some momentum, and inflation falling further …

SACCI welcomes repo rate cut

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… SMMEs, who are still vulnerable despite the hesitant recovery of the country from the recent global economic downturn. It will also assist consumers who are …

Indaba to look into NW's economy

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… national recession period was over, an Integrated Economy Recovery Plan would be developed at the Indaba which would be … whether the province was out of a recession or not. "Our economic growth remains challenged by infrastructure and …

: Welcome address by President Jacob Zuma at the 2010 UNWTO International Tourism, Sport and Mega-Events Summit

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… given that we have just emerged from the worst global economic recession of our generation. Due to the recession, … percent in 2009, to 880 million. The effects of the global economic recession and uncertainty around the swine flu … economies and travel and tourism sectors. The economic recovery has meant that in 2010 we should see an increase of …

New vehicle sales grow in May

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… pent up replacement demand has contributed to the strong recovery of domestic sales. "Positive factors that would … confidence as well as projected further recovery in economic activity levels. On the down side, however, the … and uncertainty about the sustainability of the global economic recovery could impact on volume growth over the …

Eskom reports R3.6 billion profit

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… tough challenges before us, but Eskom is on the path to recovery for the future", said Eskom's acting chairman Mpho … security of electricity supply and achieve the required economic growth for South Africa," he said. According to the …

Job losses in mining sector mitigated

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… MIGDETT effectively managed to mitigate the effects of the economic slowdown after its establishment in December 2008. … the industry manage the negative effects of the global economic crisis and to save jobs as well as to position the … However, following on its success and the slight economic recovery, the task team has decided to shift its focus to …

MPC keeps repo rate unchanged

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… expenditure. "There are continued signs that the domestic economic recovery is underway following the 0.9 percent annualised GDP … rate measured in the third quarter of 2009. However, the recovery is expected to remain relatively subdued and below …

Experts warn of weak economic recovery

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… Pretoria - Economists and industry leaders at the World Economic Forum (WEF) meeting in Davos, Switzerland, have warned of weak recovery and over regulation of financial sectors. According … the world leaders have called for caution in designing economic exit strategies as the global economic recovery is …

Zuma wraps up WEF summit

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… five-day stay in Davos where he was attending the World Economic Forum (WEF) Annual Meeting. Leading Team SA, Zuma … resilient economy which was now beginning to show signs of recovery following the global economic crisis. He said growth in the South African economy …

Economic recovery is fragile, uneven- Marcus

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… Pretoria - Recovery from the global financial crisis is fragile and uneven says Reserve Bank governor Gill Marcus. "The recovery is taking place, but it is hesitant, fragile and … we use those opportunities that are there to enhance our economic infrastructure and human capital capacity," Marcus …