Tag Archiveseconomy

Gielie de Swardt

US economy ‘performs well in July’

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

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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 […]

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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 […]

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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 […]

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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.   […]

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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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Brian Kantor

‘We need to simplify, privatise and let the invisible hand do its work’

In South Africa, service delivery in the private sector is deemed efficient, in that local businesses generally do deliver goods and services to their valued customers because they have reputations to protect. These reputations are the source of highly valuable repeat business and are subject to competition for the budgets of households. (more…)

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FNB Media Image Small Savings _ Low Res

SA’s major banks post solid financial results amid economic uncertainty

SA’s major banks produced a solid set of financial results for the reporting period ended 31 December 2017, despite an operating environment marked by intense levels of policy and economic uncertainty. (more…)

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