Vehicle sales in August showed improvement in comparison to the same period last year rising at 36.9 percent, the National Association of Automobile Manufacturers of South Africa (NAAMSA) said on Thursday.
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Black South Africans own 18 percent of the available shares of the top 100 companies listed in Johannesburg, edging closer to a government target of 25 percent, a study showed on Wednesday.
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South Africa's trade balance remained in surplus in July, with exports edging up slightly while the monthly rate of increase in imports was higher, but off a low base.
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Motorists will be given some relief when the price of petrol decreases next Wednesday.
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South Africa's economy should soon be able to generate 7 percent annual
growth for years through economic plans currently being developed,
President Jacob Zuma said on Wednesday during a state visit to China.
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South African retail trade sales received boost during the FIFA World Cup in June, rising by 7.4% year-on-year from a revised 4.5% in May, Statistics South Africa (Stats SA) reported on Wednesday.
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South Africa's Business Confidence Index (BCI) in July recorded the
second highest reading this year at 84.3 points, the South African
Chamber of Commerce and Industry (SACCI) has said.
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The hosting of the 2010 FIFA World Cup has pumped an estimated R93-billion into the local economy, has rebranded South Africa and created a favourable climate for direct foreign investment and tourism growth, says KPMG senior economist Frank Blackmore.
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Government estimates that the 2010 FIFA World Cup added a percentage more to the country's growth, when spending on stadiums and infrastructure was taken into account. This is higher than initial predictions.
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Business Unity South Africa (Busa) has welcomed the fact that the economic outlook will be reassessed at the next meeting of the Reserve Bank's Monetary Policy Committee (MPC).
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Government is to consider the Organisation for Economic Co-operation and Development (OECD) report on South Africa that among others, highlights the growth needed for the country to overcome high unemployment rates.
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Government, in collaboration with the business sector, is planning a lekgotla that will look into how best the country can take advantage of the positive opportunities created by the 2010 FIFA World Cup.
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The World Cup has brought additional income earning opportunities boosting job creation, says Consumer Assist.
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South African motorists will be able to breathe a sigh of relief next week - as all grades of petrol will drop by between 15 to 18 cents a litre.
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South Africa's growth probably moderated in the second quarter but the recovery is still intact and the economy will grow in 2010 more than the 2.3 percent projected in February, the finance minister said.
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South Africa's business confidence rose in June after a dip the previous month, as positive sentiment stemming from the World Cup offset a gloomy global economic outlook, an industry survey showed on Thursday.
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The 2010 tax season promises to be a smooth one for loyal taxpayers but those who have been evading the taxman are in for some nasty surprises.
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When 24-year-old Mphafi Mamapepe lost her job as a facilitator during the recession last year, her biggest fear became a reality. While she was uncertain of what lay ahead, her determination to support her one-year old son and her family set her on a different path.
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In the short-term, South Africa will directly recoup a fraction of the billions of rand spent on staging the World Cup, but should reap long-term economic benefits through the rebranding of the nation.
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South Africa has to reposition itself in a way that it becomes more competitive, says Finance Minister Pravin Gordhan.
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Retail trade sales in April increased by 3.2 percent year-on-year, Statistics South Africa (Stats SA) said on Thursday.
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The Copenhagen Climate Summit in December last year fell short of reaching a global agreement on climate change and left Britain and poor and developing nations disappointed and frustrated.
However, the global uncertainty regarding potential developments post-Copenhagen has solidified future prospects for the African Clean Development Mechanism (CDM) market.
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Returns on investment in the property market in South Africa are looking better and better. According to Rawson Properties, there has been a steady stream of investors returning to the buy-to-let residential property market.
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South Africa will agree with mining companies and other power users this
year on new measures to cut consumption of electricity from 2011, when
supply is expected to be tight, a senior energy official said on Monday.
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Giving developing countries a bigger say in global economic governance could help the world economy recover more quickly from the crisis, the World Bank said on Friday.
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Business & Economy
Despite a rather depressing week in SA, Steuart Pennington finds Durban's transformation and its uShaka Marine World good news indeed.
South African stars have united in this beautiful story of hope and inspiration to conquers corruption and apathy.
