The Financial Sector Forum
Coastal Roy
Inefficiency of labour market puts drag on SA
17 May. Inefficiency of labour market puts drag on SA. By Pierre Heistein. Productivity in South Africa, while a complex topic to measure and define, is generally accepted to be in bad shape. Given its rich endowments of resources and labour, South Africa’s gross domestic product (GDP) and GDP per capita are simply not at the … Continue reading
IFC boosts lending to Africa
14 May. IFC boosts lending to Africa. By Reuters Dakar – The World Bank’s investment arm will increase lending to sub-Saharan Africa by up to a quarter this year as private sector companies flock to the fast-growing region, its vice-president said. Jean-Philippe Prosper said the International Finance Corporation (IFC) would make new investments of between … Continue reading
Bank rules ‘restrict Africa growth
May 14. Bank rules ‘restrict Africa growth. By Ann Crotty. Global banking rules such as Basel 3 were making it difficult for banks in Africa to provide services to the public and were consequently restricting the continent’s potential to develop, delegates attending the World Economic Forum on Africa were told last week. V Shankar, the … Continue reading
Nedbank Weekly Economic Monitor
13 May. Nedbank Weekly Economic Monitor: Review of 6 to 10 and preview of 13 to 17 May 2013. The unemployment rate rose to 25,2 % in the first quarter of this year from 24,9 % in the previous quarter. Total mining output declined in March after two months of recovery. Manufacturing production again surprised … Continue reading
Absa: SA Morning Sheet – daily economic comment
13 May. Absa: SA Morning Sheet. This is a daily economic comment … The sheets can be downloaded daily from Absa Economic Research An extract from today’s sheet is provided as an example: NUM’s wage demands at Eskom suggest the union is prepared to play hardball. We have long argued that this year’s round of wage … Continue reading
Absa: House price indices
House price growth appears to have peaked. Nominal year-on-year growth in the average value of homes in the middle segment of the South African residential property market appears to have reached an upper turning point in March 2013. This is in line with the expectation that base effects and slowing monthly price growth since mid-2012 … Continue reading
Statement by IMF on South Africa
13 May. Statement by IMF First Deputy Managing Director David Lipton at the Conclusion of his Visit to South Africa. David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Cape Town: “It has been a great pleasure for me to make my first visit to South … Continue reading
Time for Africa to seize the moment
May 11. Time for Africa to seize the moment. The global consensus is that this is an exciting time for Africa. Investors are scouring the continent looking for opportunities to extract value from what is considered the world’s last frontier of growth. There is a genuine optimism that Africa can be transformed in this generation, … Continue reading
World Economic Forum in Cape Town more than a talk shop
10 May. World Economic Forum in Cape Town more than a talk shop. by Manoah Esipisu. The right badge means you get in through the right door, mingle with the right people, eat from the right zones and, generally, get things done right. The wrong badge, such as one that states “reporting media”, means restrictions … Continue reading
‘Unbeatable’ growth path to lift Africa
08 May. ‘Unbeatable’ growth path to lift Africa, says Gordhan. Africa is on a “potentially unbeatable” growth and development path for the next two decades, and will increasingly attract global investment, says Finance Minister Pravin Gordhan. Co-operation among Africa’s 54 states would be crucial in boosting the region’s overall annual growth rate to the 7% … Continue reading
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