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Johannesburg – South Africa’s economy is improving but is vulnerable to problems in the Eurozone, says Finance Minister Pravin Gordhan. “Economic growth is reasonably stable,” Gordhan said at the Foreign Correspondents Association breakfast meeting in Johannesburg on Monday. “Like many other parts of the world, the economy is still subject to the vagaries of the […]
SA economy improving is a post from: South Africa Business
In some countries – Argentina, Hungary, Portugal – governments have already expropriated private-sector pension funds as a means of dealing with serious financial problems. There are “warning tremors” that such policies of seizure could spread to developed nations, warns FT commentator Tony Jackson. In the UK governments have long regarded pension funds as an irritant: […]
Threat to pensions is a post from: Business UK
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The campaign group FairFuelUK, supported by leading fuelcard reseller The Fuelcard Company, has welcomed the initial findings of a major report to be published this week by the Centre for Economics and Business Research (CEBR) which shows that a cut of 2.5p per litre would create 180,000 jobs in the first year at no net […]
Cut In Fuel Duty Will Boost Economy is a post from: Business UK
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Brussels – European leaders have reached agreement on bolstering the capital ratio of banks in the Eurozone to 9.0 percent in order to provide additional capital buffer amid the ongoing sovereign debt crisis in some of the countries, says Polish Prime Minister Donald Tusk. The ratio was decided on after taking into account the market […]
EU to bolster capital ratio of banks is a post from: TheBizSense Network
The president of the European Commission appealed to EU leaders on Thursday to set aside their differences and unite to rescue the euro from a sovereign debt crisis that is menacing the world economy. Jose Manuel Barroso was speaking hours before a potentially divisive crisis summit — the eighth this year — as Europe’s central […]
Germany and France push change is a post from: TheBizSense Network
European leaders struggled to reconcile austerity with growth on Monday at a summit due to approve a permanent rescue fund for the euro zone and put finishing touches to a German-driven pact for stricter budget discipline. Officially, the half-day summit was meant to focus mainly on ways to revive growth and create jobs at a […]
EU leaders struggle is a post from: TheBizSense Network
The situation of companies in the construction sector closely reflects the world, regional and national economic trends. At a time when the world economy is characterized by divergences between countries, with a recession in the euro zone, there are significant disparities between countries and subsectors. The construction sector was badly hit by the 2009 crisis, […]
Credit Risk In Most Countries is a post from: TheBizSense Network
Mexico City – Finance ministers and central bank governors of the Group of 20 (G20) nations expect modest growth this year as downside risks continue to threaten the global economy. While the world economy is slowly recovering, uncertainties remain with volatile international financial markets, soaring oil prices and high unemployment rates in many countries, they […]
Modest growth predicted in 2012 is a post from: TheBizSense Network
Mbombela – South Africa and the European Union (EU) concluded their annual summit on a positive note – a sign that they could be closer to resolving their differences. The two sides, which have disagreed in the past on the approach to a number of issues including Zimbabwe, Libya and the regional trade partnerships, seem […]
Improved EU relations is a post from: South Africa Business
Pretoria – Top officials from South Africa and France have met in Pretoria to map a way forward on how to deepen political and economic relations between the two countries. International Relation’s Director-General Jerry Matjila hosted his French counterpart Pierre Sellal for a two-day South Africa-France Forum for Political Dialogue meeting. The forum is the […]
SA, France bolster relations is a post from: South Africa Business
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