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Month: Dec 2019

Fitch Keeps SA On Negative Outlook

19 December 2019 – Global rating agency Fitch has kept South Africa’s long term foreign and local currency debt ratings at BB+ and maintained its negative outlook, national Treasury said on Wednesday.  The country remains one notch below investment grade on Fitch’s rating. “According to Fitch, South Africa’s ratings are constrained by low growth potential, high …

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Higher Trade Barriers Hitting Jobs And Growth

18 December 2019 – More than 100 new trade restrictions imposed during the year to mid-October affected goods and services worth an estimated $747-billion, the highest level for a 12-month period since 2012, the World Trade Organisation (WTO) said. New measures including tariffs, quantitative restrictions, stricter customs procedures, import taxes and export duties were up 27% from the previous …

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South Africa Records Smaller FDI Inflows In Third Quarter

17 December 2019 – South Africa recorded smaller foreign direct investment (FDI) inflows in the third quarter compared with the second quarter, but portfolio investment inflows jumped after the government issued international bonds, central bank data showed on Friday. Africa’s most industrialised economy had FDI inflows of R17-billion in the third quarter from inflows of R26.3-billion in …

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Business Sentiment Lifts A Bit In November, But Could Be A Once-Off Event

9 December 2019 – Sacci’s measure of business sentiment improved to 92.7 points in November, but is down year on year Business confidence, measured by the SA Chamber of Commerce and Industry (Sacci), registered a small month-on-month increase in November, driven by higher export and import volumes. The Sacci business confidence index (BCI) measured 92.7 …

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