fbpx

Month: Jul 2019

Fitch Affirms South Africa Credit Rating but Downgrades Outlook from Stable to Negative

Fitch Affirms South Africa Credit Rating but Downgrades Outlook from Stable to Negative The myriad problems facing SA’s economy compounded after Fitch Ratings revised the outlook on the country’s sovereign debt downwards. 29 July 2019 – The myriad problems facing South Africa’s economy compounded on Friday after Fitch Ratings revised the outlook on the country’s …

Fitch Affirms South Africa Credit Rating but Downgrades Outlook from Stable to Negative Read More »

Inflation Unchanged at 4.5% in June Higher Readings Expected Towards 2020Q1

Inflation Unchanged at 4.5% in June Higher Readings Expected Towards 2020Q1 25 July 2019 – Statistics South Africa (Stats SA) reported on July 24 that consumer price inflation was stable at 4.5% year-on-year (y-o-y) in June. This was in line with economists’ expectations and spot on the middle of the South African Reserve Bank (SARB) target …

Inflation Unchanged at 4.5% in June Higher Readings Expected Towards 2020Q1 Read More »

Global Growth to Remain Subdued

Global Growth to Remain Subdued 24 July 2019 – While global economic growth is expected to remain subdued, at 3.2%, this year, the International Monetary Fund’s (IMF’s) latest edition of the ‘World Economic Outlook (WEO)’ points to anticipated growth of 3.4% for sub-Saharan Africa. With global growth expected to pick up to 3.5% in 2020, …

Global Growth to Remain Subdued Read More »

Dramatic Spike in Trade-Restrictive Measures Continues

Dramatic Spike in Trade-Restrictive Measures Continues 23 July 2019 – Trade flows hit by new restrictions implemented by World Trade Organisation (WTO) members continued at an historically high level between mid-October 2018 and mid-May 2019, according to the director-general’s latest mid-year report on trade-related developments published today. The report notes that the trade coverage of …

Dramatic Spike in Trade-Restrictive Measures Continues Read More »

SA Reaffirms Commitment to IMO

SA Reaffirms Commitment to IMO 18 July 2019 – South Africa yesterday reaffirmed its commitment to upholding the standards and values of the International Maritime Organisation (IMO) at the IMO Council’s 122nd session in London. Transport minister Fikile Mbalula said South Africa would continue to advance the objectives and the imperatives of the IMO by ensuring …

SA Reaffirms Commitment to IMO Read More »