National Treasury says S&P’s latest rating affords the country an opportunity to demonstrate that it can implement measures to turn […]
Tag: economy
Friday, 23 November 2018 – PPC Ltd today announced strong financial results for the six months ended 30 September 2018. […]
South Africa’s economic recovery plans face serious constraints with growing debt of state firms domestically and capital outflows as a […]
Goldman Sachs expects South Africa‘s economy to grow almost 3% next year, helped by President Cyril Ramaphosa‘s reforms and strong global growth, the bank‘s sub-Saharan […]
Former MD of the Nigeria Mortgage Refinance Company, Professor Charles Inyangete, has disclosed that to forestall a housing crisis in […]
The economic environment for private equity investments in Africa has improved from a few years ago during a global economic downturn, and this bodes […]
Infrastructure development is a key driver of South Africa's growth prospects, with rail and water infrastructure focal areas.
President Jacob Zuma has directed Finance Minister Malusi Gigaba to identify concrete measures to urgently address the country’s economic challenges, the president’s office said on Monday. The directive […]
National Treasury on Tuesday welcomed the news that the economy grew by 2.5% in the second quarter, technically signalling that South […]
South Africa’s political turbulence has prompted 28% of surveyed local business executives to give the nation’s economy a pessimistic outlook for the year ahead, according to advisory firm Grant Thornton’s second-quarter International Business Report (IBR).
Industry does not view Finance Minister Malusi Gigaba’s new 14-point plan as likely to stimulate the growth South Africa desperately needs. Rather, economists are viewing it as a group of administrative measures that will only move to stabilise the battered economy.
Despite negative perceptions, South Africa’s economy remains resilient, while the construction industry remains healthy and continues to perform well, says JSE-listed open-pit mining […]
JSE-listed minerals exploration, development and investment company Sephaku Holdings’ (SepHold’s) net profit increased by 12.8% year-on-year to R68.1-million for the […]
Despite negative perceptions, South Africa’s economy remains resilient, while the construction industry remains healthy and continues to perform well, says Afrimat CEO Andries van Heerden. […]
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declined to its lowest level this year, at […]
The Chinese firm which built the high capacity railway track between Mombasa and Nairobi says it pumped billions of shillings […]
Trade and Industry Minister Rob Davies launched the refurbished Babelegi Industrial Park in Hammanskraal on Tuesday. The R42 million project […]
Economic Development Minister Ebrahim Patel has established an advisory panel to develop draft amendments to the Competition Act with a view to […]
Small business representative organisation AHI says Fitch’s decision to downgrade South Africa’s credit rating to junk status will lead to lower economic growth, with some […]
Public Enterprises Minister Lynne Brown says Koeberg Power Station in the Western Cape has contributed R29 billion to the province’s […]
South Africa’s business confidence rose slightly in the first quarter but remained in negative territory, a survey showed on Wednesday, […]
The Ingula pumped storage scheme, which has allegedly seen costs balloon from R8.9bn to R36bn, has pumped billions into South […]
The Department of Trade and Industry (dti) has set aside R216 million for the renovation of five industrial parks. The […]
South Africa’s struggling economy has increased the pressure on engineering firms to underbid on larger projects, says Arup Southern Africa leader Poya Rasekhi. This, however, often […]
According to Engineering News, The mobile ecosystem is now adding in excess of $150-billion – 6.7% of gross domestic product (GDP) – […]
South Africa’s absence – for the second year running – from the top 25 countries listed in AT Kearney’s annual […]
Chinese President Xi Jinping (R) meets with Mozambican President Filipe Nyusi in Johannesburg, South Africa, Dec. 3, 2015. (Xinhua/Li Tao) […]
Nearly two-thirds of South African business executives are delaying their investment decisions, while almost half are considering investing offshore, owing to […]
Deputy President Cyril Ramaphosa has presented investments in the infrastructure and ICT sectors in South Africa and Africa
South Africa’s Finance Minister Pravin Gordhan said on Wednesday he was confident of meeting fiscal targets for 2016, but that […]
While the International Monetary Fund (IMF) expects South Africa’s growth to halve to just 0.6% in 2016, growth in other […]
Tshwane’s economy is performing better than the country as a whole, Mayor Kgosientso Ramokgopa said on Thursday. The country faced […]
The process of registering a company in South Africa is now a simpler, seamless process says Trade and Industry Minister […]
The World Bank has lowered its 2016 growth forecast for Africa to 3.3%, from 4.2%, after the continent expanded by […]
South Africa's business confidence continued its recovery in March supported by merchandise export and import volumes,
Currently one bag of cement in the DRC may cost as much as US$12 to US$15, contributing to the country’s […]
Infrastructure development is critical to stimulate economic growth during the prevailing turbulent economic conditions, where competition is rife, the Steel […]
South Africa's recent budget was not aimed at implementing austerity measures and would not go the same path taken by some countries in Europe,
After several years of steadily increasing M&A activity, African deal making has made the final step to firmly entrench itself […]
President Jacob Zuma met with black professionals in Pretoria to discuss the implementation of government’s Programme of Action, particularly the […]
During the SONA debate on Tuesday, Trade and Industry Minister Rob Davies said the recently launched Black Industrialist Programme has […]
President Jacob Zuma has encouraged the business community to invest in the African continent to assist in creating jobs and […]
Mineral Resources Minister Mosebenzi Zwane has welcomed a commitment by the Japanese government to increase its investment in South Africa, […]
Something has to be done to save the economy. That was the unanimous message after a meeting between Finance Minister […]
Despite a “strong operational performance,” Anglo American Platinum on Monday recorded a loss of R12.2 billion for the year to […]
South African businesses are largely pessimistic about the outlook of the domestic economy over the coming 12 months, Grant Thornton’s […]
Africa is expected to become the second fastest growing region in the world by 2025, with GDP of $4.5-trillion, analysis […]
South Africa’s Promotion and Protection of Investment Bill, signed into law by President Jacob Zuma in December, is likely to […]
The World Bank has lowered its 2016 price forecast for 37 of the 46 commodities it monitors and has warned […]
While Africa-friendly China’s economic growth languishes at 25-year lows, Standard Bank joint CEO Sim Tshabalala has deviated from popular economic […]
The Government of Liberia has endorsed a proposal by Nigerian billionaire Aliko Dangote to construct a 20-megawatt power plant in […]
More than a trillion dollars of investment flows has fled emerging markets over the past 18 months but the exodus […]
The recent sharp decline in the rand is yet to filter through to the manufacturing sector, but new Manufacturing Circle […]
As a delegation of South African Cabinet Ministers and business representatives prepares for the World Economic Forum’s (WEF’s) yearly meeting,
After waiting in line for more than four hours to buy gasoline in Nigeria’s capital, Abuja, taxi driver Adebayo Olawole […]
South Africa was not slipping into a recession despite taking substantial hits in a storm of global economic challenges, Finance […]
Three new major risks have emerged for South African businesses in the latest Allianz Risk Barometer 2016, with the business […]
President of Dangote Group, Aliko Dangote has urged Nigerians to be patient with the present administration of President Muhammadu Buhari. […]
The replacement of a second Finance Minister in South Africa within five days has not enhanced confidence in government effectiveness […]
From 1 January 2016 onward, Ferdi Nell will lead all of Aurecon’s Africa operations, having transitioned from his previous role […]
The Presidency issued a statement on Sunday confirming the appointment.”I have received many representations to reconsider my decision. As a democratic […]
Local government is increasingly being identified as the strategic enabler for national economic and development objectives, says South African Local Government […]
ANTALYA, Turkey, Nov. 15 (Xinhua) — Chinese President Xi Jinping on Sunday called on BRICS countries to strengthen confidence in […]
According to BCG, another advantage which some African companies have over multinationals, is their willingness to move up the “value […]
Ten scenarios in Africa where one – or a handful – of countries make an outsized contribution to the total: […]
The state of the Tanzanian economy, east Africa’s second largest, is a study in contradiction, say economists. Wealth per capita […]
The recent downgrade to junk of South Africa’s emerging market peer Brazil is a timely warning that ratings agencies and […]
Improvements in “technological readiness” helped South Africa reverse a four-year decline and leapfrog seven positions to land back into the […]
As advanced economies continue to dominate the use of scarce long-term funding, emerging and developing countries are struggling to mobilise […]
South Africa’s business confidence index extended losses to its weakest since late 2011 in the third quarter of this year, […]
The slowdown in China and the associated ending of the commodity super cycle is having a major influence on the immediate growth prospects for Africa says Professor Mthuli Ncube,
The South African government on Wednesday welcomed Moody’s Investors Service’s decision to affirm South Africa’s sovereign ratings and maintain a […]
Finance Minister Nhlanhla Nene will launch the Central Supplier Database (CSD) next Tuesday in East London at the Industrial Development […]
President Robert Mugabe pinned his hopes on China helping to revive Zimbabwe’s struggling economy and outlined reforms to investment rules […]
With the mining and oil industries under pressure as commodity prices fall to record lows, investors have to look to other prospects on the African continent.
South Africa’s economy faces a turbulent time ahead as the prospect of interest rate normalisation in the United States and […]
The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) rose by 3.3 index points to 87.9 […]
There might be good news for motorists in August, the Automobile Association of SA (AA) said on Wednesday. In terms […]
The East Africa Cement Producers Association (EACPA) has revealed that the cement industry is a major contributor to the Tanzanian […]
Strong economic growth in Mozambique is supported by major investments in the coal mining and natural gas sectors but stricter […]
The time had come for government and business to find ways and means of working together to end South Africa’s […]
South Africa is still an attractive destination to those who are interested in mineral investments, says Chamber Mines President Mike […]
Based on unaudited daily fuel price data released by the Central Energy Fund, fuel price increases are set to continue […]
The current pause in South Africa’s monetary policy tightening cycle is likely to be temporary, while the speed and extent […]
There is worldwide agreement that Ethiopia is becoming one of the leading economies in the world. The recent World Economic […]
South Africa’s economy is expected to grow by 3% by 2017 as the country has taken several steps to address […]
The biggest drop in transaction volumes in more than a decade could be an indication that winter has also arrived […]
“South Africa remains the most diverse economy on the continent – providing a supportive regulatory framework, a well-developed infrastructure network, […]
South Africa slipped one position, from 52 to 53, in the latest world competitiveness ranking, which highlighted power and infrastructure […]
There’s a high likelihood that South Africa’s central bank will increase interest rates at its next few meetings, one of […]
Light Rail Construction – Ethiopia Construction Sector to grow driven by infrastructure investments Ethiopia’s construction sector will outgrow that of […]
Business activity in South Africa’s private sector expanded at a slightly slower rate in April but new orders continued to […]
Despite a slight month-on-month recovery, the South African Chamber of Commerce and Industry (Sacci) believes that the performance of the […]
To meet the National Development Plan (NDP) target of creating 11-million jobs by 2030, South Africa needs over 49,000 SMEs […]
Kenya’s National Bureau of Statistics Data shows cement production stood at 5.88Mt in 2014, up 16.27% from the 5.05Mt recorded […]
Economic Development Minister Ebrahim Patel has told factory workers that the continent is vital for the country’s economy. “We sell […]
The South African government has been given 48 hours to stop xenophobic attacks on foreign nationals and their shops or […]
Global investment banking, securities and investment management firm Goldman Sachs is bullish on South Africa, which it regards as a […]
At the International Conference on the Emergence of Africa, Steve Kayizzi-Mugerwa, Acting Chief Economist and Vice President of the African […]
A survey of 206 African business executives shows that the revenue and profit contribution from the continent is expected to […]
Recent events confirm that South Africa’s perceived receptiveness towards foreign direct investment (FDI) is declining. Consequently some foreigners are disillusioned, […]
Africa’s economy is projected to continue growing at between 2% and 3% above the global average over the next five […]
South Africa’s gross domestic product (GDP) grew by a meagre 1.5% in 2014, lower than the 2.2% growth of 2013 […]
Seifsa CEO Kaizer Nyatsumba said the struggling South African business community – especially the companies in the metals and engineering […]
The South African Chamber of Commerce and Industry (Sacci) has welcomed the positive tone of the State of Nation Address […]
HSBC Securities has cut its growth outlook for South Africa for 2015 and 2016 because of the country’s “deepening and […]
Government will implement ocean economy projects which are expected to contribute more than R20 billion to the Gross Domestic Product […]
The Gauteng government will invest more than R1 billion to build and improve infrastructure for township economies in the next […]
China will help Zimbabwe build special economic zones and industrial parks to jump-start exports and a struggling economy, its ambassador […]
African leaders and the United States have agreed to work together to build stronger trade ties between the two continents, […]
South Africa and Botswana have signed a Memorandum of Agreement (MoA) that will see the two countries improve cooperation to […]
The five Brics nations have reached a broad consensus on their $100-billion development bank though some differences remain, a senior […]
Public Works Minister Thulas Nxesi on Thursday said he would initiate a forum through which organised labour could meet with […]
Listen to Daniel Silke’s presentation about the interest and unique window of opportunity that Africa presents us. We are at […]
A week after reporting a drop in confidence in South Africa’s building industry, the First National Bank Bureau for Economic […]
More than 220 000 National Union of Metalworkers of South Africa (Numsa) members would embark on indefinite industrial action in […]
The Ghana Airport Company Limited (GACL) has commenced work on terminal two arrival hall expansion project at the Kotoka International […]
While the cement factories in Senegal are at war, ostensibly over the environmental impact one company will have on this […]
As part of a renewed strategy to intensify trade relations with the continent and further strengthen its export-led economy, Canada […]
The UK government has opened the way for massive Chinese investment in major infrastructure projects after signing a series of […]
South Africa’s economy would have grown 1.6% in the first quarter of this year if the direct and indirect effects […]
A company with a 3 000-strong fleet of vehicles, based mainly in Gauteng, this year paid between R400 000 and […]
The Federation of African Engineering Organisations (FAEO) is seeking to create an African Council of Engineering under the auspices of […]
Economic growth in the six-nation Central African CEMAC bloc is set to double to between 5 and 5.5% this year […]
A high perception of risk is one of the major challenges for infrastructure investment in African countries, and much focus […]
The economic success of Asian countries is not due to cheap labour. “It’s not just low wages,” Cambridge University economics […]
Growth in African economies is set to accelerate to 4.8% on average this year while financial flows into the continent […]
Thuli Madonsela, Public Protector of South Africa is making headlines across the world following her revelations of South Africa’s President […]
Much has been said about the recent news that Nigeria has overtaken South Africa as Africa’s largest economy. With a […]
South Africa’s construction industry is not out of the woods yet, despite data pointing to an upward trend. Construction confidence […]
Columbia University’s Professor Joseph Stiglitz provided a sobering picture of the state of the world economy during a presentation at […]
There was an 8.8% year-on-year (y/y) rise in cement sales volume in the third quarter of last year along with […]
The big debate about how fast China’s economy will grow this year can find some answers in the real world, […]
Consulting Engineers South Africa says unintended consequences of competitive bidding for consulting engineering services are fewer innovation and training opportunities […]
Fundamental to the evolution and development of South Africa’s engineering and construction industry is the ability of the industry and […]
The weaker rand should be supportive of a reduction in South Africa’s current account deficit over the medium-term, but Standard […]
An anticipated construction boom in the Eastern Cape could boost the province’s economic contribution to South Africa, the provincial Department […]
The international financial crisis has scarcely affected sub-Saharan Africa, with the region still having a 6% growth forecast for 2014, […]
The seemingly tough year experienced by the Brazil, Russia, India, China and South Africa (Brics) economic grouping during 2013 was […]
Africa’s economic growth prospects remain “relatively robust” and are expected to be supported by improvements in the global economic and […]
While the economic recession of 2008 exacerbated the issue of “high and sticky” unemployment in South Africa, Plus Economics Advisory […]
