Economy
South Africa's Credit Rating demoted to Junk Status
Ratings agency, Standard & Poor’s global on Monday announced South Africa's sovereign credit rating has been downgraded to junk status, following the removal of finance minister Pravin Gordhan. ... Full story
Finance Minister Gordhan replaced at a time of Weak Growth
President Jacob Zuma on Thursday dismissed respected finance minister Pravin Gordhan and deputy Mcebisi Jonas as part of a major Cabinet reshuffle — a move that has tumbled South Africa's markets and currency.
Billions to be spent on South Africa’s Infrastructure: 2017 National Budget
Government will spend over R50 billion to fund national and provincial economic infrastructure requirements, according to the National Budget 2017 announced on Wednesday by Finance Minister Pravin Gordhan.
Highlights of South Africa's National Budget Speech 2017
Cape Town – Highlights of South African National Budget Speech 2017/18 delivered by Finance Minister Pravin Gordhan to Parliament on Wednesday.
SONA lacked the excitement to boost Property Market, says Estate Agent
President Jacob Zuma’s 2017 State of the Nation Address (SONA) lacked the excitement needed to boost the economy and property market, the chairman of one of South Africa’s estate agency said on Thursday.
South Africa’s economy likely to grow in 2017
South Africa’s economy will get a boost from perkier commodity prices, a benign inflation outlook, and better rains for the agriculture sector this year, a Reuters poll found on Thursday last week.
SA keeps benchmark repo rate on hold but worried about inflation
The Reserve Bank kept its benchmark repo rate unchanged at 7% on Tuesday, in line with expectations, saying the near-term outlook of inflation has deteriorated while the domestic growth outlook remained constrained.
Mid-Term Budget key highlights
Key highlights of Medium Term Budget Policy Statement 2016 (Mini Budget Speech) delivered by Finance Minister Pravin Gordhan in Parliament on Wednesday, Cape Town.
South Africa's economic growth outlook revised from 0.9% to 0.5%
Addressing the 2016 Medium-Term Budget Policy Statement, dubbed the mini budget, Finance Minister Pravin Gordhan announced that the Treasury had revised South Africa's economic growth from 0.9% to 0.5%.
We were recovering until Minister Pravin Gordhan's NPA saga
Johannesburg — Until news of renewed Cabinet tussle between Finance Minister Pravin Gordhan and the National Prosecuting Authority (NPA), the South African economy has steadily been recovering.
Reserve Bank maintains interest rates at 7%, raises growth forecast
Pretoria – The South African Reserve Bank on Thursday, left the repo rate at 7 percent for a third consecutive time this year, raising its forecast for economic growth to 0.4 percent.
Recession fears fade as South Africa's GDP data show growth
PRETORIA - South Africa recession fears fade as manufacturing and mining sectors output rebounded, with the gross domestic product (GDP) data for the second quarter of 2016 showing growth of 3.3%.
Interest Rates on hold, good news for economy and property market
South Africans have welcomed the decision by the Monetary Policy Committee of the South African Reserve Bank to retain the repo rate at 7%, making it easier for real estate business to prosper.
Repo Rate stays at 7%, economy still fragile
South African Reserve Bank (Sarb) Governor, Lesetja Kganyago on Thursday announced the bank decided to keep the repo rate at 7% — with prime lending interest rate at 10.5%.
Real Estate Industry major contributor to GDP
Statistics South Africa on Wednesday announced the country's gross domestic product (GDP) growth rate contracted by 1.2% in the first quarter of 2016, a much steeper contraction than had been expected.
