Tag ArchivesCyril Ramaphosa

Former Minister of Finance, Mr Nhlanhla Nene

On Ethics and Activism: South Africa’s Nene Moment

Revelations by former Finance Minister Nhlanhla Nene on his meetings with the controversial Gupta family sparked outrage among South Africans and was met with calls for his axing. In his testimony to the Zondo Commission on State Capture, the former Minister was faced with the stark outcome of his ethical decisions. His resignation and replacement […]

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Finance Minister Tito Mboweni

Ratings agencies likely to view Mboweni as ‘credit positive’

The appointment of Tito Mboweni as the new Minister of Finance is likely to be viewed as a positive by credit ratings agencies and markets, placing South Africa in excellent stead for reigniting economic growth and investment, says Citadel Director and Chief Investment Officer George Herman. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

South Africa Plan Unlikely to Deliver Major Growth Boost: Fitch Ratings

South Africa’s latest economic plan is unlikely to deliver a significant boost to economic growth, Fitch Ratings says. (more…)

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Maarten Ackerman

Downgrade risk returns as SA enters recession

Poor GDP figures released today revealed that South Africa has entered a technical recession following two consecutive quarters of negative economic growth, heightening the country’s risk of suffering yet another credit downgrade in the second half of the year, says Citadel Chief Economist and Advisory Partner Maarten Ackerman. Numbers show that the economy shrank by […]

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Ian Matthews, Head of Business Development at Bravura

Protection of Investment Act may deter foreign investment even further

President Cyril Ramaphosa activated the controversial Protection of Investment Act, by publication of a notice in the Government Gazette, on Friday 13 July. The Act was signed into law by former President Jacob Zuma in 2015, and foreign investors were waiting on tenterhooks as to the commencement date of the law. The law was controversial […]

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President Cyril Ramaphosa

Surge in consumer confidence reflects #Ramaprogress

  By Christie Viljoen, PwC Economist. The Bureau for Economic Research (BER) reported on April 25th that South African consumer confidence rebounded during the first quarter of 2o18. In fact, sentiment jumped to the highest on record during the period. The improvement between 2017Q4 and 2018Q1 was also the largest on record, eclipsing the jump […]

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Wheat field

Expropriation without Compensation puts investment envoys in impossible position

President Cyril Ramaphosa’s plan to dispatch a team of respected envoys to promote investment in South Africa is to be warmly welcomed, the Institute of Race Relations (IRR) says. (more…)

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President Cyril Ramaphosa

Ramaphosa launches new investment drive

In the State of the Nation Address in February, President Cyril Ramaphosa announced that a central priority for government this year is to encourage significant new investment in the economy. Today, the president launched an ambitious new investment drive. (more…)

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