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Policy alone cannot solve economic crisis

172 views
… Pretoria - Monetary policy alone cannot solve the global economic crisis, Reserve Bank Governor Gill Marcus said on … soft patch but now it is recognized is that the US economic recovery is weaker than anticipated, with fears of a possible … Policy alone cannot solve economic crisis …

Malawi president creates new position for fired military chief

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… civil society groups in protest of recent government economic and governance policies, however, turned tragic when … during the recent attacks and wish those wounded a speedy recovery." South Africa said it will be closely watching …

African leaders to pledge for Somalia

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… of all political institutions. "This will allow for macro-economic recovery and the restoration of normality in Libyan society," …

GDP forecast upped

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… to 3.8 percent at the end of the year, said the Bureau for Economic Research (BER). In its economic prospects report for the third quarter of 2011, it … economic uncertainties combined with a fragile domestic recovery, may force the South African Reserve Bank to only …

IMF report fair, says govt

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… in the IMF report, the report is a fair assessment of the economic conditions in South Africa and will be considered … which is 3.7%. According to the report, South Africa's economic recovery is uneven, with downside risks mainly being …

Statement on the Cabinet meeting held on 25 May 2011

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… youth empowerment and participation in the country's socio-economic activities/priorities. Youth Month will be launched under the theme "Youth Action for Economic Freedom in our Lifetime". The main event will take … the doctor's report and is pleased about the Minister's recovery. …

Consensus needed around policy changes

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… the country to find ways to achieve consensus around economic policy changes to help it weather negative global … defining current and future responses to the latest global economic crisis," said Raymond Parsons, Deputy CEO of Busa. … the approach needed to sustain the present economic recovery from 2008's recession.  Unemployment, he said, was …

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 …

Trade conditions improve in May

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… to 48 in April 2012 and 49 in May 2011. There was strong recovery in sales and new orders rising to 64 and 58 compared … bullish outlook was moderated during the year. Weak economic conditions will continue to weigh on trade …

Rates remain unchanged at 5.5%

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… potential impact of the current global turmoil on domestic economic prospects and stands ready to act appropriately … second and third quarters of 2013. The MPC said domestic economic recovery was fragile and uneven with growth performance in …

G20 Labour meeting to focus on job creation

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… policies * accelerating job creation to ensure a sustained recovery * future growth and placing employment * poverty alleviation at the centre of national and global economic strategies * improving the quality of jobs for the … International Organisation of Employers, Organisation for Economic Co-operation and Development, International Labour …

UN recognises Libya's NTC

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… the rule of law, uphold key human rights and promote both economic recovery and public security. More than 50 heads of State or … human rights, security, gender issues and economic recovery. The participants urged the NTC to move …

Libya's NTC to create interim government

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… the NTC in its efforts to promote rapid and sustainable economic recovery as the country slowly emerges from a violent civil …

Medium Term Budget Policy Statement

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… and improves the quality of life of our people. Our economic transformation requires much more. It requires an … thought we would see a sustained improvement in the global recovery and in our economy. That was not to be. The eurozone … with the resources at our disposal, to strengthen our economic performance and improve public service delivery. In …

Medium Term Budget Policy Statement

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… and improves the quality of life of our people. Our economic transformation requires much more. It requires an … thought we would see a sustained improvement in the global recovery and in our economy. That was not to be. The eurozone … with the resources at our disposal, to strengthen our economic performance and improve public service delivery. In …

Lower than projected revenue expected

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… 2014/15 a moderation in spending growth, combined with a recovery in tax revenue will reduce the deficit enough to … allow government to rebuild fiscal space to address future economic downturns and provide resources for development in a … current year and the forecast for 2012/13 reflect weaker economic conditions. However, he said, as the business cycle …

Govt to boost infrastructure, industrialisation

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… Cape Town - Amid concerns over a sluggish global economic recovery and the unresolved European debt crisis, the … of the share of spending allocated to social and economic priorities, such as infrastructure and social …

Tax collection to fall short by R13bn

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… 2014/15 a moderation in spending growth, combined with a recovery in tax revenue will reduce the deficit enough to … allow government to rebuild fiscal space to address future economic downturns and provide resources for development in a … current year and the forecast for 2012/13 reflect weaker economic conditions. However, he said, as the business cycle …

BUSA predicts 3% GDP growth in 2012

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… Africa's economy to grow by 3% in 2012. Presenting BUSA's economic and business outlook for the country in 2012, BUSA … growth, it was insufficient to meet South Africa's socio-economic challenges, especially given the downside risk. "At … in February, given the vulnerability of the economic recovery and the uncertain global situation which would …

Reserve Bank sounds warning on inflation

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… bank left the repo rate unchanged at 5.5%, seeing that the economic recovery remained hesitant with a deteriorating inflation … by global developments and domestic constraints to the recovery. "The domestic recovery remains hesitant and …