After the end of Apartheid in 1994, nobody would have guessed that South Africa would be making many of the same mistakes as the Apartheid regime only two decades later, from censoring speech to violating agricultural property rights. In our process of transformation, we were supposed to move away from the Apartheid mentality.
Gordhan’s firing at the end of March weakened investor confidence and ultimately GDP growth [Xinhua]
The first quarter 2017 gross domestic product data released by Statistics South Africa on Tuesday had something for both optimists and pessimists.
The optimists focused on the steady improvement in the year-on-year (y/y) growth rate that has increased from a dismal -0.6 per cent y/y in the first quarter 2016 to 1.0 per cent y/y in the first quarter 2016.
Poaching in South Africa threatens the lives of thousands of vulnerable animals and tears communities apart. Can the Black Mambas, the world’s first all-female anti-poaching unit, change the rules of the game?
The post Big game, high stakes: on patrol with an all-women anti-poaching unit appeared first on Positive News.
South African President Jacob Zuma, alongwith cabinet members, in talks with Qatar’s Emir Sheikh Tamim Bin Hamad Bin Al Thani in Pretoria, South Africa on 11th April 2017 [Image: GCIS]South African President Jacob Zuma met Qatar’s Emir Sheikh Tamim Bin Hamad Bin Al Thani in the capital, Pretoria, on Tuesday night.
Zuma and Al Thani will continue talks on Wednesday. The two sides are reviewing progress in bilateral political and economic relations between the two countries.
South Africa remains a lucrative buy, experts at a local conference said, despite the ratings downgrade. File photo: The Mall of Africa in Midrand, near Johannesburg, South Africa [Xinhua]
The rand continued to slide against the US dollar a week after S&P Global Ratings downgraded South Africa to “junk” status following President Jacob Zuma’s cabinet reshuffle in which five minsters were removed from cabinet and five ministers moved to new positions.
On March 27, the rand reached a 20-month best level of R12.31 to the dollar but fell to 13.9528 on Monday morning.
South Africa is poised on a knife edge. Anything can happen. Last week Pravin Gordhan the Minister of Finance and former head of the S African Revenue Service, plus his deputy were recalled from London in the midst of a promotional roadshow for potential investors. Upon their return home, each was fired by the very president who appointed them. You[Read More...]
Simon Roche is Head of the Office of the HQ of the world’s largest non-state civil defence organization, Suidlanders of South Africa. Once an ANC activist, he now works tirelessly to prepare for impending catastrophe in the Rainbow Nation. Simon lives in Johannesburg and is the proud father of many children.
A video version of this show is available here.
It’s been a difficult few months for Zuma but his cabinet reshuffle will likely rock markets [Xinhua]
President Jacob Zuma announced a cabinet reshuffle shortly after midnight on March 31 in which five minsters were removed from cabinet and five ministers moved to new positions. The BRICS Post canvassed several economists and asset managers as to what this would mean and whether this would result in a ratings downgrade.
On annual basis, the current account deficit narrowed to 3.3 per cent of GDP in 2016 from 4.4 per cent in 2015
The South African current account deficit on the balance of payments narrowed to 5.1 per cent of gross domestic product (GDP) on a seasonally adjusted annualized basis in the fourth quarter 2016 from a revised 3.8 per cent (previously 4.1 per cent) in the third quarter 2016, the South African Reserve Bank (SARB) said in its latest Quarterly Bulletin.
