The mining and metals and engineering sectors have mostly welcomed President Cyril Ramaphosa’s plans around energy and infrastructure, following his State of the Nation Address (SoNA) on Thursday night.
The Minerals Council South Africa said in a sta…
Seifsa, Minerals Council react positively to SoNA commitments Read More »
South Africa finds itself looking over a precipice as the economic malaise currently being experienced all but places the nation at a point of no return, trade union federation, the South African Federation of Trade Unions (Saftu) said in a statement p…
Unions launch ‘rise up’ campaign as SoNA, National Budget approach Read More »
Although President Cyril Ramaphosa is being buffeted by many perspectives from a range of constituencies, the Minerals Council South Africa says it is pleased that he signals clear direction and action on critical issues in the country.
Thursday nigh…
Minerals Council calls for an end to SOE bailouts Read More »
South Africa’s economy will likely only grow by 0.8% in 2020, the International Monetary Fund said on Thursday, due to the weak performance of State firms and government bailouts which are widening an already large deficit. "Weaknesses in public en…
IMF says South Africa’s economic growth weakened by bailouts to State firms Read More »
South Africa has no fiscal space left and must implement strong budget consolidation and state-owned company reforms to ensure its debt sustainability, the International Monetary Fund said. The October medium-term budget policy statement showed gross g…
IMF says South Africa has no fiscal space, must push reforms Read More »
Less than a month into 2020, South African companies have already announced thousands of job cuts. In a country where a third of the labour force is already unemployed, this will put even more strain on demand and economic growth. Almost 8 000 jobs are…
Job cuts will depress South Africa’s limping economy even more Read More »
The Minerals Council South Africa has urged President Cyril Ramaphosa and other government leaders to “salvage and revive” South Africa’s economy after noting the “increasing urgency of a range of critical steps needed”. In a statement released ahead o…
Minerals Council calls for intervention to ‘salvage and revive’ South Africa Read More »
South African business activity fell to the lowest level in 14 months in December due to the deepest power cuts yet. A Purchasing Managers Index compiled by IHS Markit fell to 47.6 from 48.6 in November, the London-based data analytics company in a sta…
South African power cuts dim business activity in December Read More »
South Africa’s flagging economy could face a second recession in as many years due to a new wave of nationwide power cuts. Eskom Holdings, the State-owned power utility seen by Goldman Sachs Group as the biggest threat to the country’s economy, started…
Load-shedding raises risk of another South African recession Read More »
The International Monetary Fund (IMF)said the Democratic Republic of Congo’s proposed $10.2-billion budget is “unrealistic,” amid slowing output from the country’s copper and cobalt mines. The government is seeking a budget of 16.9-trillion francs ($10…
IMF says $10bn Congo budget unrealistic as mining slows Read More »
