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A sign for Moody's rating agency stands in front of the company headquarters in New York in 2012. Picture: AFP.

Za

Moody's cuts SA's 2019 GDP growth forecast to 0.7%

By Reuters

Credit ratings firm Moody’s further trimmed its economic growth forecast for South Africa to 0.7% in 2019 from a June forecast of 1.0%.

  • FILE: AngloGold Ashanti chairman Sipho Pityana. Picture: Bertram Malgas/EWN

    Pityana calls for softening of borders in Africa

    AngloGold Ashanti chairman Sipho Pityana said that African countries needed to ease their borders as businesses needed easier access to skills on the continent and in the diaspora.

    1068 days ago
  • FILE: Anti-gender violence protesters at the CTICC in Cape Town where the World Economic Forum on Africa event is being held on 4 September 2019. Picture: Christa Eybers/EWN.

    WEF Africa 2019 – Did it all go horribly wrong?

    Xenophobic attacks and protests against gender-based violence took the shine off President Ramaphosa’s chance to showcase South Africa at the World Economic Forum on Africa.

    1068 days ago
  • Picture: EWN

    Political paralysis impeding economic growth and equality in Africa

    Economic inequality stemming from the failings of governments has been identified as one of one of the biggest constraints to growing economies in Africa.

    1069 days ago
  • FILE: President Cyril Ramaphosa. Picture: @PresidencyZA/Twitter

    Ramaphosa: Xenophobic attacks have damaged economy, confidence in SA

    The president addressed the nation on Thursday night, focusing on his government’s measures to fight gender-based violence and the condemnation of xenophobic attacks.

    1069 days ago
  • Newly acquired Uganda Airlines Bombardier CRJ900 aircraft stand on the runway at Entebbe Airport on the outskirts of Kampala on April 23, 2019. Picture: AFP.

    Here’s how to make Africa’s aviation industry soar

    While it is evident that aviation in Africa has the potential to fuel economic growth, several barriers exist.

    1069 days ago
  • FILE: Sim Tshabalala. Picture: Getty Images/AFP

    Standard Bank Group CE: 'We stand in solidarity with our fellow Africans'

    Following the recent flare-up in attacks on foreign nationals, Sim Tshabalala called on all South Africans to support the authorities and civil society in their efforts to restore law and order.

    1069 days ago
  • The National Assembly. Picture: @GovernmentZA/Twitter.

    MPs at urgent sitting agree SA is facing an economic crisis

    The debate was called for by Democratic Alliance (DA) leader Mmusi Maimane, who wants economic reforms that can shock the country’s economy back into life.

    1069 days ago
  • FILE: Finance Minister Tito Mboweni. Picture: GCIS.

    Majority of S.Africans appalled at xenophobic attacks – Mboweni tells WEF

    Finance Minister Tito Mboweni told delegates South Africa was going through a difficult time, but that the authorities were dealing with the matter.

    1069 days ago
  • FILE: President Cyril Ramaphosa and President Muhammadu Buhari of Nigeria. Picture: GCIS.

    Nigeria to take ‘tougher’ stance against SA following xenophobic attacks

    The Nigerian government said it had drawn what it called ‘a red line’ with South Africa over the xenophobic attacks on Nigerians in the country.

    1069 days ago
  • Arabile Gumede in conversation with Minister of Communications Stella Ndabeni-Abrahams at the World Economic Forum on Africa 2019 in Cape Town. Picture: EWN

    Collaboration between African governments key to enabling innovation

    SA Communications Minister Stella Ndabeni-Abrahams says African nations must provide the regulatory environment that would see them realise the potential presented by the Fourth Industrial Revolution.

    1070 days ago
  • President Cyril Ramaphosa addresses the World Economic Forum Africa event at the CTICC in Cape Town on 4 September 2019. Picture: @PresidencyZA/Twitter

    Ramaphosa criticised at WEF Africa for not capitalising on poll victory

    Government representatives failed to show up for a World Economic Forum on Africa briefing as the event got under way amid clashes between police and protesters on Wednesday.

    1070 days ago
  • FILE: President Cyril Ramaphosa. Picture: Abigail Javier/EWN

    SA business leaders urge Ramaphosa to reform faster

    The president has promised sweeping reforms, but growth remains below 1% a year and investors dumped R63 billion of its assets this year.

    1070 days ago
  • Foreign shop owners gathered what was left of their property after community members looted their stores in Alexandra township on 3 September 2019. Picture: Sethembiso Zulu/EWN

    Nigeria boycotts Africa economic summit over anti-foreign riots

    The withdrawal of Nigerian Vice President Yemi Osinbajo from the World Economic Forum gathering has cast a cloud over initiatives to boost intra-African trade.

    1070 days ago
  • Anti-gender violence protesters at the CTICC in Cape Town where the WEF Africa event is being held on 4 September 2019. Picture: Christa Eybers/EWN

    Shut down the country! Protesters try to storm WEF Africa event

    A growing group of demonstrators charged towards the doors of the Cape Town International Convention Centre, where the World Economic Forum on Africa is under way.

    1071 days ago
  • FILE: President Cyril Ramaphosa. Picture: @PresidencyZA/Twitter

    Ramaphosa to pitch SA as investor destination of choice at WEF Africa

    The three-day event in Cape Town has attracted more than 1,000 global and regional leaders from politics, business, civil society and academia.

    1071 days ago
  • Picture: Pexels.

    SA economy grew by 3.1% in Q2 - Stats SA

    South Africa has avoided a recession as the economy grew by 3.1% in the second quarter of 2019, data released by Statistics SA showed.

    1072 days ago
  • From left to right, Deputy President David Mabuza, President Cyril Ramaphos and Minister of Employment and Labour Thembelani Thulas Nxesi. Picture: @PresidencyZA/Twitter

    SA unemployment crisis: Ramaphosa, Mabuza meet with business community

    Job creation is a major problem in South Africa, with unemployment increasing despite various interventions from government.

    1072 days ago
  • FILE: Finance Minister Tito Mboweni. Picture: EWN

    Mboweni shuts down journalist on strategic economic plan

    A journalist from 'The Daily Maverick' asked if Finance Minister Tito Mboweni was receiving enough support for his strategic economic plan.

    1072 days ago
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