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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 …
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 …
The Presidents of France and South Africa today called for urgent investments globally to create new jobs in the health sector in order to prevent a projected shortfall of 18 million health workers primarily in low- and lower-middle-income countries, and help countries to maximize the social and economic benefits of increased health employment. The High-Level …
AngloGold Ashanti today announced strong free cash flow in the first quarter as an ongoing focus on cost management, and leverage to weaker currencies, yielded positive results and improved margins. Free cash flow was $70m, a marked improvement to the outflow of $40m in the first quarter of last year. AngloGold Ashanti has delivered on …
The Inkatha Freedom Party is concerned by the wanton destruction of privately owned businesses as well as state property stemming from community dissatisfaction with the selection of candidates for the forthcoming local government elections. “We understand that democratic principles must inform the way candidates are selected for the local government elections and that communities have …
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 …
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 …
The President of the Republic is akin to being the Chairperson of South Africa Incorporated, with ministers appointed to sit on a board; they serve 5 years tenure with the people of South Africa as shareholders. Accounting for every fiscal cent spent should be clearly articulated and transparent so that the shareholders are cognisant of …
Die VF Plus het die voorsiter van die parlementêre portefeuljekomitee oor handel en nywerheid in ʼn skrywe versoek om dringend in te gryp in ʼn poging om die staalvervaardiger Highveld Steel van ondergang te red,” sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor handel en nywerheid. Adv. Alberts sê alhoewel dit in …
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, …