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The Victoria Island waterfront is seen from the Ikoyi neighbourhood in Lagos, Nigeria. Picture: REUTERS

SA and Nigeria both grappling with structural socioeconomic challenges

Two biggest economies in Africa grappling with structural socioeconomic challenges that are stunting trade, domestic growth, and cooperation between them

Economy

Another trade surplus in June as exports outstrip imports

The Mare Caribicum lies at anchor off Port of Ngqura . Picture: THE HERALD

SA records second consecutive surplus on trade balance as exports grew faster than imports, with trade surplus surpassing the expected R3.5bn

National

SA stuck in low growth trap, Nene warns ANC

Nhlanhla Nene. Picture: TREVOR SAMSON

Nhlanhla Nene sketches bleak picture of the country’s economy to the African National Congress lekgotla and warns of several risks

Economy

Temporary relief as jobless rate falls

A group of men sit along a road looking for work. Picture: SUNDAY TIMES

Unemployment rate down slightly in the second quarter as jobs were created, but drop also due to large numbers of job seekers who are discouraged from looking for work

Economy

Spending on infrastructure by public sector institutions up 13.5% for 2013-14

UNDER CONSTRUCTION: Eskom's Kusile coal-fired power station in Mpumalanga.  Picture: SIKONATHI MANTSHANTSHA/MAKWENA MANAMELA

Spending on infrastructure by public sector institutions rises 13.5% in nominal terms from R224.8bn in 2012-13 financial year to R255.1bn in 2013-14

Economy

Unemployment rate drops from 26.4% to 25% in second quarter

A group of men sit along a road looking for work. Picture: SUNDAY TIMES

Unemployment falls to 25% in second quarter from 26.4% in first quarter as economy creates jobs despite weak economic environment and low business confidence

Economy

Credit growth suffers big drop in June, despite increase in money supply

Picture: SUNDAY TIMES

South African Reserve Bank figures show that credit growth in households, private sector in June fell, indicating reluctance to take on debt

Trade & Industry

Mooted act aims to bolster SA export performance

Picture: THINKSTOCK

Proposed legislation is expected strengthen and streamline the fragmented institutional framework for developing exports

Economy

Job losses are a social threat, says Mantashe

Gwede Mantashe. Picture: PUXLEY MAKGATHO

The private sector will only realise the dangers of high unemployment when disruptions begin, warns ANC secretary-general Gwede Mantashe

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

NEWS ANALYSIS: Growth outlook bleak as rate-hit consumers tighten belts

Survey shows rising borrowing costs and weak economic growth are affecting consumer sentiment, writes Ntsakisi Maswanganyi

Economy

Low growth, job cuts worry ANC lekgotla

Gwede Mantashe. Picture: MAKWENA MANAMELA

Manufacturing a key sector for reindustrialisation of economy, says Mantashe after midyear meeting

Economy

Current account ‘may be to blame for rand depreciation since September 2010’

Picture: FINANCIAL MAIL

Local currency may now have been trading closer to R10/$ if SA did not have R189bn shortfall on current account, Standard Bank Research says

Economy

Fewer companies liquidated in June, Stats SA data show

Picture: THINKSTOCK

Fewer companies were liquidated last month compared with previous month and year ago, despite difficult economic conditions such as weak demand

Opinion

EDITORIAL: Ignore Nene at SA’s peril

Finance Minister Nhlanhla Nene delivers his maiden budget speech on Wednesday. Picture: TREVOR SAMSON

Finance Minister Nhlanhla Nene’s brutally honest assessment of SA’s economy should worry the ANC and Cabinet ministers

Opinion

LETTER FROM WASHINGTON: Knee-jerk communists kick at Agoa delusions

Rob Davies backs condemnation of Agoa as weapon of newly confident ‘monopoly capital’ to force neo-liberal policies down the throats of SA’s working class

Economy

Reserve Bank resumes hiking cycle as it warns of risks

South African Reserve Bank governor Lesetja Kganyago announces the decision on interest rates in Pretoria on Thursday. Picture: PUXLEY MAKGATHO

Questions over its next move, weak rand, electricity tariff concerns

Trade & Industry

Chemical sector straining under weight of load shedding, power costs

Picture: THINKSTOCK

Electricity hikes and load shedding are limiting growth in chemical sector, chemical cluster imbizo hears

Trade & Industry

New SA crude blending terminal to supply Asia from 2017

Picture: THINKSTOCK

Using world’s first dedicated crude oil blending terminal, SA will by 2017 mix different grades of crude oil for export to refineries across Asia

Opinion

EDITORIAL: Tackle joblessness like the crisis it is

A group of men sit along a road looking for work. Picture: SUNDAY TIMES

SA’s inequality rate is also one of the world’s highest, and a major reason for this is that so many people earn no income at all

Opinion

Finding credibility in an inconsistent environment

Does the Reserve Bank feel it needs to work particularly hard to ensure it is seen as credible and consistent given the current economic policy-making environment?

Economy

Reserve Bank raises repo rate by 25 basis points to 6%

Governor Lesetja Kganyago announces the decision of the Reserve Bank’s monetary policy committee on the repo interest rate on Thursday.  Picture: PUXLEY MAKGATHO

Monetary policy committee raises repo rate by 25 basis points following meeting, citing concern over inflation outlook towards end of 2015 and into 2016, and weak rand

Economy

Government workers’ pay hikes provide boost to average salary growth

Picture: THINKSTOCK

Growth in disposal salary growth and private pensions could help put a floor under retail sales growth

Economy

OECD urges SA to remove hindrances to economy

Picture: REUTERS

Report notes the limitations power outages have imposed, and predicts growth at 1.9% for the year

Economy

Tax disclosure programme has some flaws, say experts

Rows of taxpayers  wait to be assisted with their income tax returns at the SARS office in Port Elizabeth. Picture: THE HERALD/FREDLIN ADRIAAN

Tax experts warn flaws in Voluntary Disclosure Programme need to be addressed to be able to expose real amount of money that has left South Africa illegally

SA cannot bank on bulwark against reckless racial agenda

New draft regulations suggest the Treasury is no longer able or willing to resist the racial agenda being pursued by President Jacob Zuma’s allegedly directionless government

Economy

SA may not be as vulnerable to risks linked to US rate hikes, says Fitch

Picture: REUTERS

Fitch says large emerging markets sometimes considered most at risk from tighter policy are showing fewer signs of vulnerability to drop in inflows than some of smaller counterparts

Economy

Inflation data pose dilemma for Reserve Bank

Reserve Bank

June’s softer CPI should provide the Bank with room to keep rates on hold, according to economists

Economy

First annual increase in steel production for 2015 may herald turnaround

Steel coils.  Picture: BLOOMBERG

SA steel output rises 2.3% year on year in June, with first year-on-year increase so far this year possibly signalling turnaround in fortunes of battered local steel industry

Economy

Investment bill allows foreign arbitration

Picture: GALLO IMAGES/LISA HNATOWICZ

Critic says limited form may not be enough guarantee for investors

Economy

Inflation comes in below expectations

Picture: THINKSTOCK

Statistics SA data show inflation in June was slightly higher than in May, economist says ‘more moderate outcome’ supports argument for no change in rates

National

South Africans look set for minor fuel price drop in August

Picture: BUSINESS DAY

Price of Brent crude is steady albeit at weaker levels on Tuesday as stronger dollar continues to push commodity prices lower

Economy

SA must improve business regulation, power output, says OECD

Picture: THE TIMES

International think tank says growth in Africa’s most developed economy being hampered by inadequate tax revenue needed to support infrastructure projects

Opinion

EDITORIAL: SA needs new tack on resources rout

New York Stock Exchange. Picture: BLOOMBERG/JIN LEE

The commodities rout has serious implications for SA’s economy and all stakeholders — labour, management and government — should be exploring ways to minimise the damage

Standard Bank

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