No meaningful growth without inclusivity
Kathy Gibson reports from the World Economic Forum on Africa in Cape Town – An Oxfam study reveals that Africa has been cheated out of $11-billion by multinational companies reducing their tax bills. The report, “Africa: Rising for the Few”, stresses that...Africa urged to seize economic opportunities
Kathy Gibson reports from the World Economic Forum on Africa in Cape Town – Africa is rich in opportunities, but the continent has to do more to make these opportunities a reality. This is the word from Anthony Jenkins, group chief executive of Barclays, who...Economic downturn raises questions in SA
While global growth’s current sluggishness is not ideal for South African economic prospects, there are more concerning local factors to consider. This is according to Old Mutual Investment Group chief economist, Rian le Roux, who says that issues such as electricity...Weaker rand puts strain on imports
The rand has fallen to a new 13-year low against the dollar, after incurring losses triggered by a sell-off of emerging market currencies, based on expectations that US interests rates could rise by mid-year. “Currently imports hold firm – but we are likely to see strain being taken if the rand doesn’t regain some ground in the next few weeks.”