Category «Economy»

Moodys upgrades Mercantile Bank two notches up

mercantile-bank

Moody’s upgrades Mercantile Bank two notches up despite tough economic conditions in South Africa This month, Moody’s Investors Service raised Mercantile Bank’s long- and short-term national scale ratings to Baa1.za/P-2.za from Baa3.za/P-3.za. The ratings agency gave Mercantile Bank a “stable outlook in view of its robust financial performance, which supports its ability to withstand the …

South African companies ready for a second wind

Euler Hermes, the worldwide leader in trade credit insurance presents its latest analysis on the global economy and the related impact on South Africa’s export performance. The global economy is expected to prove its resilience in 2016 registering +2.4% growth, after a year of turbulences. It should pick up moderately to +2.8% in 2017, driven …

Bal is aan die rol om Highveld Steel te red na VF Plus-optrede

VF+

ʼn Versoek van die VF Plus aan die voorsiter van die parlementêre portefeuljekomitee oor handel en nywerheid om dringend in te gryp in ʼn poging om die staalvervaardiger Highveld Steel van ondergang te red, het vrugte afgewerp sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor handel en nywerheid. Adv. Alberts sê die …

VF Plus-reaksie op Begroting: “Terug na basiese ekonomiese grondwaarhede”

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Die minister van finansies se begroting kan as ʼn “terug na basiese ekonomiese grondwaarhede” beskryf word. Die minister het fiskale dissipline beklemtoon met die voorneme om miljarde te bespaar deur beter beheer oor staatsaankope en deur besparing. Dit is stappe in die regte rigting. Die maatreëls rondom staatsbeheerde entiteite word ook verwelkom as stappe in …

Euler Hermes Economic Outlook 2016: Global GDP growth remains limited

Johannesburh – 12 February 2016 – Global GDP will only grow by 2.8% in 2016 and not reach 3% until 2017 claims Euler Hermes, the worldwide leader in trade credit insurance. In its latest Economic Outlook report, titled “The seven dwarfs of global growth“, the company’s economic research department explored and analyzed trends in trade, consumption, …

South African business insolvencies to increase by 10% while global business insolvencies decrease in 2016

JOHANNESBURG 19 NOVEMBER 2015 – In 2016, instability in emerging markets is set to end six consecutive years of decline in global insolvencies, according to Euler Hermes, the worldwide leader in trade credit insurance. The Euler Hermes Economic Outlook 2015-16: The insolvency U-turn predicts that worldwide insolvencies will stabilise at 300,000 cases as 2015 marks …

R277 million Gansbaai to Bredasdorp road to unlock economic potential in Overberg Region

Statement by Donald Grant Minister of Transport and Public Works R277 Million Gansbaai To Bredasdorp road to unlock economic potential in Overgberh region I am honoured to be here today, during October Transport Month, to celebrate the completion of the upgraded Gansbaai to Bredasdorp road. This project, and many like it, will serve as a …

Voorskou: Mediumtermyn-begrotingsraamwerk

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Die VF Plus verwag totale eerlikheid oor Suid-Afrika se huidige ekonomiese krisis more van minister Nene, minister van finansies. Enige pogings om die huidige swak ekonomiese situasie met polities korrekte praatjies te verdoesel, sal die alarms by die internasionale kredietgraderingsagentskappe laat afgaan. Waar die minister in Februarie 2015 ‘n 2% ekonomiese groeikoers voorspel het, is …

Suid-Afrika se groeiende ekonomiese krisis

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Die ANC-regering se mislukte ekonomiese beleid wat op ʼn kwalik bedekte en rigiede Marxistiese ideologie gegrond is, het Suid-Afrika nou byna weerloos gelaat teen die internasionale ekonomiese krisis wat die land soos ʼn byna perfekte storm bedreig, sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor ekonomie. Hy sê die ANC erken nou …

SA to gain from ocean economy

SA to gain from ocean economy

By Communications Minister Faith Muthambi It is an exciting time for South Africa following the Operation Phakisa open day on the ocean economy. Operation Phakisa (Sotho phrase for “hurry up”) is modelled on the success of the Malaysian “Big Fast Results” methodology that was used to spur that country’s economic transformation and address national priorities …