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Posts tagged “Economy”
Nelson Mandela Bay’s newest shopping and entertainment destination, Baywest Mall, put itself firmly on the map this festive season, setting record trading figures for the month of December.
The mall, which opened its doors in May last year, counted a total footfall of 832 958 for December, equating to a 26% increase on the previous benchmark achieved in its first month of trade.
President Jacob Zuma has reconsidered his decision to appoint David van Rooyen as finance minister.
First National Bank (FNB) recently requested their Economics Desk to conduct economic research specific to the Eastern Cape by Sector.
The research was conducted by Jason Muscat, Senior Industry Analyst in the FNB
Rate hike sparks warnings of food price rises, tougher times
Pharmaceutical firm Aspen Holdings has delivered a 15% growth in normalised headline earnings a share to R1.22 apiece for the year ended June 30, lifting its share value for the seventeenth consecutive year.
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Statistician-general Phali Lehohla said the 1.3% annualised contraction in gross domestic product (GDP) was sobering for policy makers targeting growth of more than 5% through the National Development Plan. GDP rose 1.3% in the first quarter.
The inflation outlook had deteriorated slightly since the committee last met in May but the Bank has also revised its economic growth forecast down slightly, from 2.1% to 2% for this year and 2.1% next year.
The combined economic output of Brazil, Russia, India, China and South Africa have caught up with the US, whose economy was double that of the Brics in 2007.
Business activity in South Africa expanded at its fastest rate in five months in March as growth in new orders led to a rise in output for the first time since November, a survey showed on Tuesday.
South Africa's HSBC Purchasing Managers' Index...
- Dawie Roodt unpacks the virtual future
- PE boosted by record festive season retail spend
- Rand strengthens after Pravin Gordhan announcement
- Deteriorating domestic macros in an already tough environment
- Squeeze to get tighter
- Acquisitive Aspen lifts FY revenue, earnings, profit
- Outages push economy into shock contraction
- Reserve Bank resumes hiking cycle as it warns of risks
- Brics has 17 trillion ways to rival US
- March PMI reaches five-month high