Creator
The Soccer World Cup was uniting SA, much like the 1995 world rugby victory helped break down racial barriers, said President Jacob Zuma on Sunday.
British and South African police have foiled an attempt by English hooligans to sneak into the country for the World Cup via Dubai.
Foreigners will inject R13-billion into South Africa’s economy during the World Cup, a study shows.
World Cup organisers said on Wednesday they were very happy with ticket sales for June’s soccer spectacular and slammed alarmist foreign reports.
Confidence in SA’s economy edged up in November after it emerged from recession in the third quarter.
The central bank should target employment when deciding on interest rates, and worry less about inflation, a top Cosatu official said on Thursday.
Reserve Bank Governor Tito Mboweni bids farewell to the bank this weekend after a decade fighting inflation in a jovial and personable style.
South Africa will keep spending to steer its way through a global downturn and its first recession in nearly two decades.
South Africa’s inflation target remains in place but the government and central bank would soon start talks on the best way to manage prices.
South Africa’s central bank has offered ”sufficient” monetary policy accommodation to help pull the economy out of a ”mild” recession.
An annual round of strikes and inflationary pay hikes could not have come at a worse time for a strained South African economy.
South African municipal workers are to strike over wages from Monday, unions said, in a move that could hit public services.
Africa waited decades to host its first Soccer World Cup and when it comes, it’s during an unprecedented global economic crisis.
SA does not expect an early end to the Doha trade talks and wants imbalances in current proposals addressed before pushing for a conclusion.
SA faces a sharp downturn after a prolonged boom and is responding with counter-cyclical measures to boost growth, Treasury DG Lesetja Kganyago says.
South Africa looks set for a second consecutive quarter of negative growth, Tito Mboweni said on Tuesday, tipping the country into recession.
SA’s economy will remain lacklustre this year, helping to cool inflation, although expected electricity price increases pose a risk to the outlook.
Southern African leaders were on Monday expected to suspend Madagascar from the SADC regional grouping, after its president was forced from office.
Tito Mboweni announced on Wednesday that the South African Reserve Bank will now meet on March 23 and 24 to decide on interest rates.
SA ramped up spending in its 2009 budget but cut taxes to counter a global slowdown and boost an economy seen limping to its lowest rate of growth.