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“A historic day”, says Zuma at launch of BRICS Bank African unit

“A historic day”, says Zuma at launch of BRICS Bank African unit

In 2016, the bank granted $1.5 billion in loans to seven projects.

Zuma emerges victorious in battle with opposition in SA Parliament

Zuma emerges victorious in battle with opposition in SA Parliament

Zuma secured 198 votes in a no-confidence motion.

BRIC tourists to South Africa recover in 2016, below 2013 levels

BRIC tourists to South Africa recover in 2016, below 2013 levels

The number of BRIC tourists to South Africa rose by 29.9% in 2016 to 259,444.

SA current account deficit widens to 2.1% of GDP

SA current account deficit widens to 2.1% of GDP

The drop in consumer confidence after the ratings downgrade is bad for the economy as it reduces domestic demand.

In South Africa, politics weaken GDP growth, but some still optimistic

In South Africa, politics weaken GDP growth, but some still optimistic

South Africa's economy grew by 1% year on year in Q1 2017, but contracted by 0.7% quarter on quarter.

Zuma, Qatar’s Emir hold talks in Pretoria

Zuma, Qatar’s Emir hold talks in Pretoria

The two countries are pursuing the establishment of a joint SA-Qatar Investment Fund in cooperation with Qatar’s sovereign wealth fund.

South Africa: Despite slipping rand, business mood upbeat

South Africa: Despite slipping rand, business mood upbeat

But to sustain growth, market structure should be reformed; education and training enhanced to competitive levels.

Ratings downgrade looms after South African cabinet reshuffle

Ratings downgrade looms after South African cabinet reshuffle

The new Finance Minister is 45-year-old Malusi Knowledge Nkanyezi Gigaba, previously Minister of Home Affairs.

South Africa current account deficit narrows to 1.7% of GDP in Q4 2016

South Africa current account deficit narrows to 1.7% of GDP in Q4 2016

A current account deficit implies that the country’s domestic production is unable to keep pace with domestic demand.

Inventory reduction gap hits South Africa GDP growth

Inventory reduction gap hits South Africa GDP growth

But PMI manufacturing data for the first two months of 2017 suggests better manufacturing production conditions.

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