Trade ministers talk global developments at AU meeting
African Ministers of Trade on Monday met in Ethiopia on priority issues for the continent in the current Doha Development Round. The Ministers used their gathering to also discuss new issues currently being proposed in the World Trade Organisation (WTO), such as e-commerce and investment facilitation. The Ministers’ gathering... Read more
Repo rate remains unchanged at 6.75%
The repo rate will remain unchanged at 6.75% per annum, Reserve Bank Governor Lesetja Kganyago said on Thursday. “Given the heightened uncertainties in the economy, the Monetary Policy Committee (MPC) felt it would be appropriate to maintain the current monetary policy stance at this stage, and reassess the data... Read more
 Business confidence up marginally in the third quarter 
After plunging from 40 to 29 in the second quarter, the RMB/BER Business Confidence Index (BCI) rose by six points to a still low 35 in the third quarter. Almost seven out of ten respondents therefore remained unsatisfied with business conditions – a troubling outcome to say the least.... Read more
Talks underway to address SAA debt
Deputy President Cyril Ramaphosa says any funds that are being considered to help address South African Airways (SAA) maturing debt will have to be appropriated through a special appropriations bill that will be introduced to Parliament. He also said that SAA was in talks with its lenders in a... Read more
SA companies to look for trade opportunities in Russia
SA com Local companies have been urged to look for trade opportunities in the Russian market. Minister Plenipotentiary at the South Africa Embassy in Russia, Henry Short, on Monday told the South African business delegation, which is currently participating in the 2017 World Food Moscow International Exhibition, to search... Read more
SA, Vietnam to boost trade
This emerged during Minister of International Relations and Cooperation Maite Nkoana-Mashabane’s working visit to Hanoi, Vietnam. Minister Nkoana-Mashabane met the Deputy Prime Minister and Minister of Foreign Affairs, Phạm Bình Minh. Minister Nkoana-Mashabane and Minister Pham Bình discussed various ways of strengthening bilateral relations, including through expanding trade and... Read more
Treasury monitoring markets for foreign currency bond
National Treasury is continuing to monitor market conditions for the issuance of a foreign currency denominated bond, it said on Wednesday. “National Treasury stipulated in the Budget Review 2017 that an equivalent of US$2 billion in funding would be raised in the international capital market to meet part of... Read more
Local company hopeful of a sweet deal in Russia
A Gauteng biscuit company is looking forward to potential export opportunities at the upcoming World Food Moscow 2017 Mockba in Russia next week. Managing Director of Continental Biscuits, Luis Murillo, said his company is looking to enter the Russian market at the weeklong exhibition. “We have great expectations from... Read more
National Treasury praised for consultative process on expat tax
Tax Consulting SA Administrator’s Managing Partner Jerry Botha says it is encouraging that National Treasury has been actively engaging with taxpayers and appears to be seeking a well measured middle ground. He was referring to the proposed repeal of the tax law exemption on foreign employment income for South African expatriates working... Read more
SA economy exits technical recession
South Africa’s Gross Domestic Product (GDP) grew by 2.5% in the second quarter of 2017, Statistician General Pali Lehohla said on Tuesday. At a media briefing in Tshwane, Statistics South Africa (Stats SA) announced that GDP grew by 2.5% quarter-on-quarter (q-o-q) following a contraction of 0.7% in the first... Read more