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Tag Archives: economy

March, 2017

  • 31 March

    The reshuffling of an already-weak hand of cards.

    Zuma

    Geoffrey Shein President Jacob Zuma fired Minister Pravin Gordhan last night. Zuma held an emergency meeting at his residential home where he announced the reshuffling of his cabinet along with the ousting of several ministers. This political reshuffling has removed the stalwart guardian of treasury: Pravin Gordhan. Now ex-minister, Pravin …

June, 2016

  • 30 June

    Brexit for Africa?

    Brexit

    Jessica Bokete On 23 June, the United Kingdom (UK) held a non-binding referendum to decide whether it should remain in or leave the European Union (EU). The world was thrown into utter chaos upon hearing the UK’s decision to leave. The pound dropped by 3.2% to the dollar and the …

  • 6 June

    Big Franchises in South Africa

    Starbucks

    Chene Schoeman In mid-April of 2016, the Starbucks coffee company launched their first ever South African based store in Rosebank, Johannesburg. Their arrival was met with much excitement as queues formed overnight prior to the opening. People rushed in to purchase the coffee of their “Tumblr” dreams. With all sorts …

June, 2013

  • 4 June

    Zuma hopes for more Japanese business

    By Andrew Blane President Jacob Zuma has encouraged Japan to ‘take advantage’ of the South African economy. During a speech prepared for the South Africa-Japan Business Forum on Tuesday, Zuma explained that “Japanese business and investment in South Africa will help build the country”.

May, 2013

  • 31 May

    Rand hits four year low

    By Njabulo Nkosi The rand is now trading at R10.04 to the dollar and R13.09 to the Euro, which is the lowest it’s been in the past four years. This arrives in the midst of poor economic growth performance, as the economy only grew 0.9% in the first quarter of …