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BRICS New Development Bank issues second COVID-19 Response bond
The US$2 billion 5-year bond has an issue yield of 0.695% and is listed on the Irish Stock Exchange 2nd BRICS NDB COVID-19 Response bond will be used to finance sustainable development activities in...
View ArticleMonetary policy failed to cushion consumers in Q2
Although the central bank cut interest rates aggressively it was not enough as debt service costs rose Although the South African Reserve Bank cut the repo rate by 300 basis points to 3.5 per cent...
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Mine rehabilitation leaves inspiring legacy
The conversion of an old phosphate mine has created the West Coast Fossil Park Millions of years ago the Berg River in the Western Cape Province of South Africa followed a different course to the sea....
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Ramaphosa unveils economic recovery plan
“In the aftermath of a fire, green shoots begin to emerge,” – President Cyril Ramaphosa on October 15, 2020 Should Ramaphosa establish a Growth Commission? [GCIS]South African President Cyril...
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South African economic growth revised lower
“We must rebuild our economy,” says Finance Minister Tito Mboweni during his MTBPS Speech October 28, 2020 In his Supplementary Budget speech on June 24 2020, Finance Minister Tito Mboweni said the...
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BRICS Business Council promotes cooperation
“BRICS has become a recognizable multilateral brand of global governance.” Russian President Vladimir Putin virtually hosting the 12th BRICS Summit November 17, 2020 [PPIO]Just days after the heads of...
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Despite Q3 bounce, South African economy in contraction
The seasonally adjusted annualised quarterly bounce was 67.6 per cent, but the year ago decline was 6.4 per cent Ramaphosa has a significant challenged ahead to spark life in the South African economy...
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South Africa’s Democratic Alliance Innovation Summit highlights progress
The Covid-19 crisis has accelerated change for the better President Cyril Ramaphosa won reviews of his cabinet shuffle but this was soured by the new land re-appropriation motion [Image: GCIS]The...
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South Africa moves to Level 2 lockdown
Move is in response to third wave of Covid-19 cases The government has been criticized for its slow economic response President Cyril Ramaphosa announced on May 30 in his televised address to the...
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South Africa economy expands 4.6% in Q1
Final sales soared by 14.2 per cent prompting economists to raise their 2021 GDP forecasts Statistics South Africa (Stats SA) reported on June 8 that the South African economy expanded by 4.6 per cent...
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