Nigeria sees 2015 GDP growth at 6.75%

2014-10-21 18:00

Nigeria's finance minister expects economic growth for 2015 to be around 6.75%, an improvement on the government's forecast of 6.2% this year.

Rand hit amid global growth worries

2014-10-16 18:21

The rand has touched its weakest level in more than a week as investors fretted about weak global growth prospects.

Sarb worries over ailing economy

2014-09-18 19:17

The domestic growth outlook remains weak amid rising unemployment, warned the SA Reserve Bank.

Economy set to pick up - Nedbank

2014-09-10 07:00

The economy is expected to improve in the second half of the year off a low base and also supported by some improvement in global demand, says Nedbank.

Platinum strike still affects economy - Sarb

2014-09-09 13:09

The repercussions of the five-month-long platinum strike are still affecting the country's economy, says the SA Reserve Bank.

Rand firms against the greenback

2014-08-26 18:57

The rand has ended slightly firmer against the dollar on the back of a positive gross domestic product number.

Private sector can rescue the economy

2014-08-26 16:19

South Africa's economy can grow to above 5% if the ease of doing business in the country improves, says Investec economist Annabel Bishop.

Rand eases ahead of GDP data

2014-08-25 18:17

The rand has remained within range ahead of GDP data in the next session, with the currencu facing pressure on concerns over the eurozone economies.

Zimbabwe slashes growth forecast

2014-07-25 14:27

Zimbabwe has cut its 2014 growth forecast, in line with projections from the IMF, say the finance minister and central bank governor.

Sarb hikes repo rate

2014-07-17 15:26

South African Reserve Bank governor Gill Marcus has announced a repo rate hike in the wake of rising inflation and weak economic growth.

New visa rules will choke SA tourism - DA

2014-06-23 16:24

The DA has warned that new visa requirements will have a devastating impact on the country's tourism sector, which employs almost 600 000 people.

SA's growth outlook gets another beating

2014-06-12 12:30

The World Bank has further lowered South Africa's projected economic growth rate for 2014 from 2.7% to 2.0%, according to its latest report.

More bad news as ratings review looms

2014-06-10 22:00

As concern mounts about a possible downgrade of South Africa's credit rating, the latest business confidence index reflects another bleak view of the economy.

ANC worries over poor economic growth

2014-06-08 13:08

The negative growth for the first quarter of 2014 must be speedily arrested, says ANC secretary general Gwede Mantashe.

US GDP takes a knock

2014-05-29 19:23

The US economy's output of goods and services decreased at an annual rate of 1% in the first quarter, marking the first negative growth in three years.

Nene has much to mull over - expert

2014-05-27 19:42

Finance Minister Nhlanhla Nene has his work cut out for him following the latest economic growth data, says Old Mutual Wealth chief investment strategist Dave Mohr.

Ukraine quarterly GDP down 1%

2014-04-29 14:34

Ukraine's gross domestic product contracted an estimated 1% in the first quarter of 2014, a senior official says.

SA set for stiff competition from Nigeria

2014-04-08 05:30

South Africa must review its policies and approach to investor confidence because it will face stronger competition from Nigeria, says the SA Chamber of Commerce.

SA cheers Nigeria's growth jump

2014-04-07 16:13

Nigeria's status as Africa's new economic powerhouse is proof that Africa is rising, says the ministry of finance.

US GDP revised down, hints of economic thaw

2014-03-02 15:44

The US government slashed its estimate for fourth-quarter economic growth in the latest sign of a loss of momentum.

GDP grows 0.7%

2013-11-26 12:52

South Africa's real gross domestic product has risen 0.7% during the third quarter of 2013, Statistics SA says.

SA’s GDP growth likely to stay at 2.0%

2013-10-17 17:20

The softer global economy and weak domestic business and household confidence are expected to keep South African GDP growth at 2.0%, an analyst says.

Experts surprised at Greece’s finances

2013-06-09 13:39

Analysts are caught unawares that the Greek economy contracted 5.6%, slightly better than a prediction a month ago, even though unemployment has surged.

Zuma: South Africa needs you

2013-05-30 11:41

President Jacob Zuma says South Africa needs faster economic growth and a stable mining sector is needed to accomplish this, but the government can't do it alone.


Nene likely to revise GDP to 1.5% - Investec

2014-10-20 19:31

Finance Minister Nhlanhla Nene's mini budget is likely to contain revisions of the country's fiscal debt, growth, inflation and debt forecasts, says Investec.

Kenya adds 25% to GDP after rebasing

2014-09-30 12:18

Kenya is now in the top 10 of Africa's largest economies with economic output calculated to be $53.3bn after rebasing it's economy.

Sarb keeps rates steady

2014-09-18 15:21

SA Reserve Bank governor Gill Marcus says the repo rate will remain at 5.75%, citing the anaemic state of the domestic economy.

Rate hike won't help current account deficit

2014-09-10 06:00

Raising interest rates will not bring about a reduction in the size of South Africa's deficit, according to Investec.

Household sector weakening

2014-08-27 18:49

The household sector has continued to deteriorate, despite slight economic improvement in the second quarter of 2014, says FNB.

JSE rises as economy ducks recession

2014-08-26 18:22

Shares on the Johannesburg bourse have ticked higher as news the economy had avoided sinking into a recession sent a sigh of relief through the markets.

SA avoids recession

2014-08-26 11:59

SA's economy avoided slipping into a recession in the second quarter, as growth in the agriculture and financial industries outweighed a hammering in the mining sector.

Germany's economy down, Europe hopeful

2014-08-14 13:00

The German economy has suffered a surprise contraction in the second quarter, its first in more than a year, raising new doubts about Europe's recovery.

IMF cuts global growth outlook

2014-07-24 18:30

The International Monetary Fund has chopped its 2014 forecast for global economic growth to take into account weakness early in the year.

IMF mission to visit Ukraine over bailout

2014-06-24 16:15

An International Monetary Fund mission is expected in Kiev to check on Ukraine's progress in implementing tough conditions for a $17bn bailout.

Strike stole SA's economic growth

2014-06-18 12:57

The economy would have grown 1.6% instead of contracting 0.6% in the first quarter of 2014 had it not been for the platinum sector strike, says the Reserve Bank.

Recession risk up as index dips

2014-06-11 10:55

The battered economy has received yet another warning signal as an index confirmed an overall downward trend.

Turkish GDP expands in first quarter

2014-06-10 12:15

Turkey's gross domestic product has grown in the first quarter, thanks to exports and government spending.

Zambia to hike electricity prices

2014-06-02 14:00

Zambia will increase the cost of electricity by as much as 25%, a move that is likely to fuel inflation.

Change in game play

2014-05-29 10:26

It's time for Amcu to think on its feet and change tactics, says Leopold Scholtz.

Sacci worries over shrinking economy

2014-05-27 20:20

The SA Chamber of Commerce and Industry has expressed concern about South Africa's economy following data showing that it contracted.

China growth target vulnerable

2014-05-14 12:19

China might miss its economic growth target for the first time in 15 years as data points to a sharper-than-expected loss of momentum.

China's growth slows to 18-month low

2014-04-16 07:35

China's economy has shown slightly better than expected growth but is still at its slowest pace in 18 months in the first quarter of 2014, official data shows.

Growth in Sub-Saharan Africa to jump 5.2%

2014-04-07 17:42

Growing investment in Africa's natural resources and rising household spending will accelerate economic growth in Sub-Saharan Africa.

D-Day for Nigeria to overtake SA

2014-04-04 10:59

Nigeria could leapfrog SA to become Africa's biggest economy this weekend, when the results of a new way of calculating national output are announced.

Current account deficit shock

2013-12-03 10:53

SA's current account recorded its biggest deficit in five years in the third quarter as strong local demand for imports combined with a weak rand raised the import bill.

GDP growth prospects take a dive

2013-10-23 14:06

Growth prospects for the South African economy this year have been adjusted downwards to 2.1% of GDP in the mini budget.

Economic activity loses traction - Sarb

2013-06-19 16:54

Economic growth in the first quarter of 2013 remained subdued due to contraction in the manufacturing sector, the SA Reserve Bank says.

Sarb may revise SA's growth focus

2013-06-05 12:21

The SA Reserve Bank may revise downward its economic growth forecast for South Africa in its next Monetary Policy Committee (MPC) meeting, the bank says.

Rand rout: Mine unrest not to blame

2013-05-29 14:27

The recent beating of the rand against the US dollar is much more a global story than merely a specific South African one, says an industry player.

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