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Prof Raymond Parsons

‘A surprise but welcome cut in interest rates’

‘The surprise but welcome decision by the MPC to reduce interest rates by 25 basis points, despite the fact that there remain potential risks to the inflation outlook, emphasizes the SARB’s concern about SA’s growth prospects,” says Professor Raymond Parsons, economist at the NWU School of Business and Governance. “This is confirmed by the MPC’s […]

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Minister Malusi Gigaba

Malusi Gigaba – Man with a Plan

Today MoneyMarketing attended the media briefing at which our Minister of Finance, Malusi Gigaba, introduced government’s inclusive economic growth action plan. (more…)

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Sanlam Private Wealth on financial education and inherited money

How does a weakening rand affect me?

By Sore Cloete, Senior Legal Manager at Old Mutual. What’s in the news? Over the past week, the rand has weakened against all major currencies, hitting a seven-week low against the dollar on Wednesday, 5 July 2017. Though blame was placed on the ANC’s proposal to nationalise the SA Reserve Bank (SARB), the underlying reason […]

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South Africa faces a crisis of fixed investment – IRR report

Levels of fixed investment are falling far behind what is necessary to secure an economic recovery in South Africa. This is the main finding of report released by the IRR this morning. (more…)

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Prof Raymond Parsons

Recommendation to nationalise SARB challenges central bank status

“Following on the recent decision by the Public Protector for Parliament to change the South African Reserve Bank (SARB)’s mandate by amending the constitution, the recommendation yesterday by the ANC conference to ”nationalize’ the central bank again challenges the status of the Bank.” (more…)

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Minister Malusi Gigaba

Minister of Finance set to take Public Protector Report on review

The Minister of Finance, Malusi Gigaba, has instructed counsel to institute review proceedings for the review and setting aside of the findings, remedial action and the entire report of the Public Protector, titled “Alleged Failure to Recover misappropriated Funds”. (more…)

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Government uses disaster funds for SAA bailout

“Government has decided to transfer funds from the National Revenue Fund (NRF) to South African Airways to allow the airline to pay back its debt to Standard Chartered Bank thereby avoiding a default,” last Saturday’s statement from the National Treasury said. (more…)

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Construction activity registers sharp fall in Q2

The FNB/BER Civil Confidence Index fell to 28 in 2Q2017, from 40 in 1Q2017. This, along with 1Q2016, is the joint lowest confidence since the end of 2011. (more…)

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