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Posts Tagged ‘economic growth’
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July 4, 2018

SPECIAL WEF FORUM FOCUSES ON FIXING SA

The World Economic Forum (WEF), the international organisation that brings together the globe’s most influential business and political leaders at Davos each year, held an extraordinary forum in Johannesburg last week to discuss reconstruction in the post-Zuma era.

Chaired by Klaus Schwab, “the father of multi-lateral stakeholder engagement”, it brought together 60 global and South African business leaders, 23 cabinet ministers, top government officials and academics to discuss action in 10 areas of the economy ranging from innovation to regional integration and growth and job creation.

The election of Cyril Ramaphosa in February has clear parallels for [...]

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March 16, 2018

SA to raise GDP growth forecasts in October – Nene

National Treasury will probably raise projections for economic growth this year in its October mid-term budget as the country overcomes governance and financial problems that have lowered confidence, said Finance Minister Nhlanhla Nene.

Newly appointed President Cyril Ramaphosa reappointed Nene to the role last month. When former leader Jacob Zuma fired him and replaced him with a Des van Rooyen in 2015, the move triggered a sell-off in the rand and bonds.

Policy uncertainty and state graft concerns saw Fitch Ratings and S&P Global Ratings lower their assessments of the nation’s debt to junk. The economy slumped into a recession in 2017 and has mounted a fragile [...]

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