Over the past 20 years, the tourism sector's contribution to South Africa's gross domestic product (GDP) has increased significantly with an average annual average real growth rate of 7.3 percent (Source Stats SA), creating jobs and generating valuable foreign currency.
SAPOA calls for Minister to invoke discretionary powers to expedite spatial planning.
Since 2008, the global economic crisis has prompted a number of challenges, and no small amount of change, across all financial market sectors; and commercial property finance is no exception.
South Africa's Gross Domestic Product (GDP) at market prices increased by 0.6% in the second quarter of 2014, Statistics South Africa, said on Tuesday.
Standard Bank report confirms strong growth in Africa's rising middle class and even faster future growth.
Ever since the global financial crisis of 2008 the world's advanced economies, that led the way into the crisis, have struggled to get back to their pre-crisis performances.
The Gross Domestic Product (GDP) at market prices increased by 3.0 percent during the second quarter of 2013, Statistics South Africa (StatsSA) has announced.
Our GDP growth may be undermined by Rand firmness due to strained trade competitiveness, but growth may benefit from the real improvement in household finances
The seasonally adjusted real GDP at market prices for the first quarter of 2013 increased by an annualised rate of 0,9 per cent compared with an increase of 2,1 per cent during the fourth quarter of 2012.
It would be nice to report all systems go for faster GDP growth and formal job gains again approaching 250 000 with a further 100 000 retiree displacement annually, with supply constraints lifting, and demand gearing up, with plentiful resource slack accommodative of a strong and long growth spurt.

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