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State says Moody’s worries on politics overdone
South Africa has played down suggestions from Moody’s that political pressure could lead to a further deterioration in public finances.
Phumza Macanda
Reserve Bank dovish, factory rise seen as blip
The Reserve Bank’s note about the economy has hinted at a chance of a rate cut, despite a stronger-than-expected performance in the factory sector.
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Expenditure growth slows in second quarter
The pace of spending in the economy slowed sharply in the second quarter — partly as household consumption eased — but investment has picked up.
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SA current-account deficit at seven-year low
South Africa’s current account gap narrowed to a seven-year-low in the fourth quarter of 2010, while expenditure slowed, the Reserbe Bank said.
Nationalisation not govt policy, Gordhan reiterates
Nationalisation of South Africa’s mines and other economic assets is not government policy, Finance Minister Pravin Gordhan said on Monday.
Gordhan says 7% GDP crucial for jobs
South Africa needs to double the rate of its economic growth in order to create jobs, Finance Minister Pravin Gordhan said on Thursday.
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May retail sales climb, jury out on rates
South African retail sales rose more than expected in May, growing for the fifth month in a row ahead of the soccer World Cup.
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Gordhan, AG to probe ‘wasteful’ ticket spending by govt
Finance minister and auditor general are to investigate World Cup ticket purchases by government agencies amid concerns over "wasteful expenditure".
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SA’s current-account gap widens in first quarter
The deficit on South Africa’s current account widened more than expected in the first quarter.
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SA credit demand falls, corporates weigh
Demand for credit from South Africa’s private sector fell more than expected in April, reflecting companies’ reluctance to borrow further.
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SA retail sales down
South African retail sales fell more sharply than expected in November, highlighting the weakness of consumer demand.
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Confidence at five-and-a-half year low
South Africa’s economic confidence fell to a five-and-a-half year low in April, weighed down by expectations of slower growth, higher inflation and a longer cycle of tighter monetary policy, a poll showed on Thursday. The monthly survey of 20 economists showed the Reuters Econometer dived to 207,50 last month, its lowest since November 2002.
