The SA Reserve Bank’s worst-case scenario, which would see the country’s economy lose 1.1 percentage points in growth and lead to the loss of 125 000 job opportunities, is fast becoming a reality. The central bank’s latest forecasts predict that the economy will sacrifice 0.4 percentage points in GDP growth if Eskom’s availability factor declines..
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SA Reserve Bank’s worst-case scenario fast becoming a reality – economy to lose 1.1 percentage points in growth, leading to the loss of 125 000 job opportunities
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We are getting poorer in SA – Unemployment will continue to increase as long as population growth exceeds economic growth – Time to induce birth control to reduce breeding and stop bulk of illegal aliens from African countries
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The publication of the most recent Quarterly Labour Force Survey by Statistics SA and its calculations that the number of unemployed people continues to increase have once again elicited strong opinions and calls that somebody must do something. Reading the labour force and unemployment statistics together with the report on population growth that Stats SA..
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Ace Magashule is playing Russian roulette with our future – doesn’t give a damn about you and your ability to feed your kids, educate them, or provide a better future for them
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If he did, he would not be in open warfare with the president and his economic cluster over the mandate of the Reserve Bank and its ownership. Frankly, a guy with no grip on the concept of quantitative easing and its likely consequences for a suffering country should not be making pronouncements on policy, regardless..
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Public Protecter wants clear Gordhan’s name after accusations that he was involved in so-called privatization of the SA Reserve Bank
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The Public Protector, Busisiwe Mkhwebane, said she was only trying clear Minister Pravin Gordhan’s name to end a dispute. Mkhwebane alleges that the minister interferes with her investigation after Gordhan putted his legal representative on her. The investigation is being conducted following the so-called privatization of the SA Reserve Bank which the minister has been..
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Consumers are warned of second increase in VAT to make up for shortfalls that were stolen by ANC-politicians
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With the new finance minister set to deliver the medium-term budget policy statement later this month, tax experts have warned of a likely increase in VAT in the coming year. Former SA Reserve Bank governor Tito Mboweni was sworn in as finance minister this week, following the resignation of Nhlanhla Nene. Bernard Sacks of Mazars,..
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There is some good news for consumers – Repo rate remains unchanged
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The recession apparently forced the SA Reserve Bank to keep the lending rate unchanged. However, three of the seven members of the bank’s monetary policy committee asked for a 25 basis point increase. The bank expects GDP to grow at 0.7% for 2018, against the forecast of 1.2% in July. Read the original article in..
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SA Reserve Bank – Lending rates remain unchanged
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The SA Reserve Bank announced that the lending rate to banks remains the same at 6.5%. The prime lending rate will remain at 10%. The bank’s view of growth in the country for 2018 has been adjusted downwards to 1.2% which is still no motion of confidence in its own government. The Reserve Bank also..
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