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Mail & Guardian
george glynoslatest news & developments
What’s cooking? Tito Mboweni has announced a sovereign wealth fund, but analysts have cast doubt on its viability. (David Harrison)

State can’t yet afford wealth fund

Despite the government’s announcement of a R30-billion sovereign wealth fund, analysts are questioning its utility in a time of increasing debt

At midnight the price of petrol 93 (ULP & LRP) will decrease by 58 cents a litre and the price of petrol 95 (ULP &LRP) will drop 72.00c/l. (File photo)

Petrol price hikes, tolls, higher interest rates: When will it end?

It seems 2014 will be a tough year for consumers, and economists say one can only expect respite sometime in 2015.

‘SA in for period of much slower growth’

South Africa’s economic growth rate slowed to 0,2% in the third quarter of 2008, official data showed on Tuesday.

Petrol, diesel prices to jump in May

South African petrol pump prices and wholesale diesel prices will rise sharply next week, the government said on Wednesday, adding to inflationary pressures. The Department of…

Slowing growth threatens SA’s poverty targets

South African government plans to halve poverty and unemployment by 2014 appeared increasingly at risk on Tuesday as official statistics confirmed fears of a downturn in economic…

Manuel’s budget: Mediocre or historic?

Overwhelmingly positive or mediocre? Economists on Wednesday had a variety of impressions to share of Finance Minister Trevor Manuel’s national budget, tabled in Parliament…

Power, politics keep rand on the slide

The rand is back to being one of the world’s worst-performing currencies in 2008 after a brief respite last year, and there appears nothing, for now, to halt its slide. A chronic…

July PPI ‘very disappointing’

South Africa’s producer price index (PPI) rose by 10,3% year-on-year (y/y) in July from a 10,4% year-on-year increase in June, Statistics South Africa (Stats SA) data on Thursday…

GDP growth slows in second quarter

South Africa’s real gross domestic product (GDP) at market prices on a quarter-on-quarter seasonally adjusted annualised (saa) basis rose by 4,5% in the second quarter of 2007…