Tag Archiveseconomy

Adriaan Pask, CIO at PSG Wealth

‘Green shoots appearing in SA economy’ 

It has been a cold winter for the South African economy, but there are many green shoots appearing, says PSG Wealth CIO, Adriaan Pask. “I dare say, we are feeling excited about what may transpire in the months ahead,” says Pask. (more…)

Read full story
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…)

Read full story
IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

IRR says Government’s stimulus plan is ‘vacuous, contradictory, and out of touch’

The following statement was issued by the Institute of Race Relations today. The stimulus package announced by the government today does not address the deeper reasons for South Africa’s economic malaise and will fail in positioning the country as a competitive emerging market. The IRR has shown that emerging markets are set to achieve rates […]

Read full story
Gielie de Swardt

US economy ‘performs well in July’

By Gielie de Swardt, Head of Retail Distribution at Sanlam Investments. (more…)

Read full story
Ester Ochse

Consumers urged to tighten belt as cost of living soars

Consumers have been urged to tighten their belts and curb excessive spending as the rising cost of living could take its toll. This month, motorists in South Africa will pay more than R16 per litre of fuel and the increase is expected to trickle into the cost of goods and services such as food and […]

Read full story
growthsept14sq

SA could get to a growth rate of 3.7% or more

“We should put behind us the era of diminishing trust in public institutions and weakened confidence in leaders,” was a key statement to come out of President Ramaphosa’s State of the Nation address earlier this year. Statements such as this show that President Ramaphosa is clearly keenly aware of the issues facing South Africa, and […]

Read full story
samapfeat

Pax Africana: How (South) Africa can forge its own economic destiny

By Rahima Cassim, fund manager at Ashburton Investments South Africa is a country of tremendous promise. It’s a dynamic land with the potential for integrated prosperity. Sadly, in the recent past, the forces created by this dynamism have failed to live up to the country’s potential. Rather than focusing inwards, many now believe South Africa’s secret to […]

Read full story
IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

SA foreign & local currency ratings affirmed at ‘BB’ and ‘BB+’, outlook stable

Last night S&P Global Ratings affirmed its ‘BB/B’ long- and short-term foreign currency sovereign credit ratings and its ‘BB+/B’ long- and short-term local currency sovereign credit ratings on South Africa. The outlook is stable. The Transfer and Convertibility (T&C) assessment is ‘BBB-‘. S&P also affirmed the ‘zaAA+/zaA-1+’ long- and short-term South Africa national scale ratings.   […]

Read full story