Za
Moody's cuts SA's 2019 GDP growth forecast to 0.7%
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%.
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.
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.
Economic inequality stemming from the failings of governments has been identified as one of one of the biggest constraints to growing economies in Africa.
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.
While it is evident that aviation in Africa has the potential to fuel economic growth, several barriers exist.
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.
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.
Finance Minister Tito Mboweni told delegates South Africa was going through a difficult time, but that the authorities were dealing with the matter.
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.
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.
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.
The president has promised sweeping reforms, but growth remains below 1% a year and investors dumped R63 billion of its assets this year.
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.
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.
The three-day event in Cape Town has attracted more than 1,000 global and regional leaders from politics, business, civil society and academia.
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.
Job creation is a major problem in South Africa, with unemployment increasing despite various interventions from government.
A journalist from 'The Daily Maverick' asked if Finance Minister Tito Mboweni was receiving enough support for his strategic economic plan.