South Africa
South African gov't moots state-owned bank2018-05-11
The South African government is contemplating setting up a state-owned bank.
Fitch cautiously optimistic about South Africa's economy2017-12-21
Ratings agency Fitch said on Wednesday that it remains cautiously optimistic about the economic situation in South Africa following the election of Cyril Ramaphosa as leader of the ruling party, the African National Congress (ANC).
S. Africa's tourism projected to grow: report2017-08-18
Tourism in South Africa is set to profit from an influx of foreign travelers and foreign investment, a report forecast Wednesday.
S. African tourism minister engages stakeholders to improve sector2017-08-08
South Africa's Tourism Minister Tokozile Xasa on Monday met the tourism role players in Johannesburg to discuss the draft National Tourism Sector Strategy (NTSS) which seeks to improve the sector.
S. African Reserve Bank cuts repo rates to 6.75 pct2017-07-21
The market was taken aback by the South Africa Reserve Bank (SARB) on Thursday when it cut the repurchase rate to 6.75 percent from 7 percent.
S. Africa's consumer inflation slows to 5.1 pct in June2017-07-20
South Africa's headline consumer inflation decreased more than expected to 5.1 percent year on year in June from 5.4 percent in May, Statistics South Africa reported on Wednesday.
South Africa seeks to increase tourism's contribution to economy2017-06-27
Tourism has the potential to improve the country's economic performance and the people's livelihoods, said Sisa Ntshona, CEO of South African Tourism on Monday.
Capture of S. Africa's SOEs cannot be tolerated: deputy president2017-06-15
Capture of state-owned enterprises (SOEs) cannot be tolerated and should be investigated thoroughly, Deputy President Cyril Ramaphosa said on Wednesday.
S. Africa enters into technical recession2017-06-07
South Africa has entered into a technical recession as its gross domestic product (GDP) declined by 0.7 percent in the first quarter of 2017, according to data released on Tuesday.
S. Africa consumer inflation decelerates to 5.3 percent in April2017-05-25
South Africa's headline consumer inflation (CPI) decelerated to 5.3 percent year-on-year in April from 6.1 percent in March, according to Statistics South Africa on Wednesday.
South Africa mining sector contributes 23 bln USD to economy last year2017-05-25
The South African Chamber of Mines said Wednesday the mining sector improved in 2016, contributing 7.3 percent of the GDP and continuing to make contribution to the country's socio-economic affairs.
S. Africa ranked most attractive destination for FDI in Africa: report2017-04-21
South Africa is ranked the most attractive destination for foreign direct investment (FDI) in Africa, according to the A.T. Kearney's 2017 Foreign Direct Investment Confidence report released on Thursday.
S. Africa not to nationalize banks: finance ministry2017-04-19
The South African government will not nationalize banks as proposed by an adviser to Finance Minister Malusi Gigaba, the Finance Ministry said on Tuesday.
S. Africa's economy down in fourth quarter of 20162017-03-08
South Africa's economy shrank by 0.3 percent quarter-on-quarter in the fourth quarter of 2016, Statistics South Africa (Stats SA) said on Tuesday.
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