South Africa: Banks in rude health despite ailing economy
Although South Africa’s economy is going through a rough patch, the country’s banking and finance industry is enjoying rude health.…
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South Africa looks for exit from ‘Ramacession’
With South Africa feeling the effects of the recession and elections looming next year, President Ramaphosa faces a race against time to turn things around.…
Where are African currencies heading?
The devaluation of the Turkish lira has sparked fears of contagion in emerging and frontier markets. …
South Africa: Ramaphosa announces $3.5bn stimulus plan
South Africa’s President Cyril Ramaphosa unveiled on Friday a 50bn rand ($3.5bn) stimulus programme to revive the country’s ailing economy.…
South Africa: JSE launches electronic trading platform
South Africa’s Johannesburg Stock Exchange (JSE) has launched an electronic trading platform (ETP) for government bonds.…
South Africa enters recession
South Africa’s economy contracted by 0.7% in the second quarter of 2018. …
South Africa: fiscal consolidation slows but medium-term objectives stable
The pace of fiscal consolidation in South Africa will be slower than government forecasts, as weaker than expected economic growth and a rising public sector wage bill act as fiscal headwinds, according to Moody’s Investors Service.…
African automobile sector motors ahead
In late June 2018, German automobile manufacturer Volkswagen opened a $20m factory in Kigali, Rwanda.…
South Africa: Cyril rebound falls flat
It was the culmination of Cyril Ramaphosa’s long road to the presidency of South Africa.…
Tariffs exacerbate US-South Africa rift
Four years into a presidency rich in bilateral visits, US President Barack Obama and his entourage finally landed in South Africa in June 2013.…