Tuesday, 04 September 2018 17:29

Downgrade risk returns as SA enters recession

Poor GDP figures released today revealed that South Africa has entered a technical recession following two consecutive quarters of negative economic growth, heightening the country’s risk of suffering yet another credit downgrade in the second half of the year, says Citadel Chief Economist and Advisory Partner Maarten Ackerman.

Total returns from Growthpoint Properties Australian investment, Growthpoint Properties Australia (GOZ), have significantly outpaced the major Australian REIT and share market indexes.

We expect reasonable growth from global markets this year but within a more volatile environment. We do, however, expect that these headwinds will eventually slow global activity, likely causing growth around the world to disappoint in late 2019 and early 2020.

In a major recognition, JSE listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) together with their creative agency BRAND et al, have bagged the Silver in the Sponsorship category at the prestigious PRISM Awards, Africa’s most sought after awards in the public relations industry for The Mentorship Challenge with Marc Wainer.

Consulting Engineers South Africa (CESA) welcomes Finance Minister Malusi Gigaba’s comments during the 2018 Budget Speech that “we must act with urgency to make tangible progress on issues of public governance, inclusive growth and economic transformation.”

South Africa’s unemployment rate increased to 25.5% in the third quarter of 2015, Statistics South Africa (Stats SA) said on Tuesday.

Until there is a significant turnaround in the performances of the manufacturing and retail sectors, strong growth in industrial market rentals cannot be expected.

South Africa's unemployment rate decreased from 25.4% in the third quarter to 24.3% in the fourth quarter, Statistics South Africa (Stats SA).

Wednesday, 05 March 2014 10:40

The fallacy of relying on a weak currency

There is prevailing conventional wisdom among labour and certain parts of government and industry who believe that a weak rand will reverse South Africa's sagging industrial competitiveness, thereby lifting economic growth and redress our unemployment problem.

RETAIL sales accelerated much more than expected in February, suggesting that the expected slowdown in consumer spending may not be as severe as feared and lifting gloom over the growth outlook.

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