Category Archives: Economy

mercantile-bank

Moodys upgrades Mercantile Bank two notches up

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 potential pressures stemming from the current economic slowdown in South Africa”. This rating reflects Mercantile Bank’s small but growing franchise – 0.2% in terms of total assets – in South…

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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 up by the U.S. post-election uncertainty, and emerging markets. However, as a consequence of the still modest global growth outlook, business insolvencies are expected to accelerate by +2% in 2017,…

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VF+

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

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 voorsitter van die komitee, me. Joanmariae Fubbs, het ʼn dringende vergadering aangevra met die minister van handel en nywerheid, dr. Rob Davies, om antwoorde van hom te kry oor waarom…

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VF+

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

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 die regte rigting. Hoewel hy dit nie as privatisering wil beskryf nie, stel hy vennootskappe met die privaatsektor, rasionalisering en die uitfasering van sommige entiteite voor wat as besliste stappe…

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IFP

Budget 2016: A Shareholders Report to South Africa Inc.

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 the performance of their investments. Remember every cent spent by government is at the courtesy of the tax paying shareholder. Every year the shareholders of South Africa are presented with…

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VF+

VF Plus gryp op parlementêre vlak in om Highveld Steel te probeer red

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 hierdie stadium blyk dat die maatskappy nie meer gered kan word nie, rus daar wel ʼn verpligting op die staat om ingevolge ʼn onderneming van die Industriële Ontwikkelingskorporasie (IOK) die…

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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, investment and other drivers of GDP growth in 2016. “The good news is that private investment is finally reawakening in advanced economies and could support growth,” said Ludovic Subran, chief…

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Asia has overtaken Western Europe as the second most active M&A market to the U.S.

2015 has been another year of record levels of M&A, with many corporates paying eye-watering sums to do strategic, transformational deals, according to Allen & Overy’s latest M&A Insights Report. Globally, deal values are up by 22% compared with last year to reach an unprecedented total deal value of USD4 trillion, while volumes continue to decline by nearly 13% year on year*. Approximately one third of all deals this year were cross-border, which is consistent with levels seen in 2014. The most active sectors by…

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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 the end of the post-crisis adjustment trend. This trend, which saw a healthy decline in insolvencies of -14% in 2014, continues into 2015 but loses momentum in line with the…

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VF+

VF+-reaksie: Mediumtermyn-begrotingsraamwerk

Ten einde sakevertroue te herstel en ekonomiese groei te stimuleer het Suid-Afrika spesiale maatreëls nodig om ons uit die huidige ekonomiese krisis te kry. Sakelui sit met miljarde rande wat hulle in Suid-Afrika wil belê, maar tans terughou omdat die klimaat nie gunstig daarvoor is nie. Mnr. Nene, Minister van Finansies, se toespraak was egter besigheid soos altyd sonder enige verbeeldingryke voorstelle om die ekonomie te stimuleer of hierdie sakelui aan te moedig om te belê. Die minister se poging om beleggingsekerheid te skep, is…

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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 constant reminder of our ongoing commitment to delivering key infrastructure to all regions in the Western Cape, thereby triggering the realization of the area’s economic potential. This project is a…

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VF+

Voorskou: Mediumtermyn-begrotingsraamwerk

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 dit nou nader aan 1,3%. Dit het ingrypende implikasies vir die voorspelde inkomste van die staat uit belasting. Om die boeke te laat klop kan die minister belastings verhoog of…

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VF+

SA-ekonomiese beleid is nou openlik ‘anti-westers’, sê Amerikaanse sakelui

Suid-Afrika se handelsvennote in Amerika en die Europese Unie het vandag vir die eerste keer reguit en ondiplomaties aan die ANC-regering gesê beleggingsvertroue in die land is ‘op sy laagste ooit’ en dat die ‘eerste’ voorval van onteiening die einde van beleggings in Suid-Afrika sal beteken, en dat dit ‘reeds besig is om te gebeur..’. Ook dat Suid-Afrika ten spyte van reuse beleggings in die land, openlik vyandiggesind teenoor die ‘weste’ staan ten koste van sy Brics-vennote. Die harde woorde het vandag geval met die…

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VF+

Suid-Afrika se groeiende ekonomiese krisis

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 self in dokumentasie vir sy nasionale algemene raad dat sy beleid om armoede uit te wis misluk het en dat gekyk moet word na moontlikhede om die privaatsektor se beleggings…

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IFP

IFP: Country being led into darkness and uncertainty

“Recent load shedding and impending water restrictions are the result of poor planning and a lack of astute leadership by a government that has lost the plot,” said IFP National Chairperson, Mr Blessed Gwala. “This government has clearly demonstrated that it does not have the capacity to resolve the crisis that has led to many parastatals being dysfunctional. One just has to look at the state of affairs at Eskom, Telkom, SAA and the Post Office to name but a few, to realise that as…

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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 such as poverty and crime. The approach entails meeting with stakeholders for detailed and practical planning, setting clear targets, tracking of progress and making the results public. Through Operation Phakisa…

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