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Wednesday, January 16, 2019

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Tag: Malusi Gigaba

South African economy may grow 2% in 2018; Finance Minister

South Africa’s economy may grow 2 percent this year if the government takes needed policy decisions, Finance Minister Malusi Gigaba said on Thursday. He did not elaborate on what the...

South Africa is running out of other people’s money

South Africa should get ready to lose at least R100 billion in foreign investment, and see the rand head to R15 to the dollar on the back of what has been...

South African pension fund won’t be used to bailout state firms: Financial Minister

South Africa is not planning to raid the government pension fund to bail out struggling state firms, Finance Minister Malusi Gigaba said on Tuesday. Gigaba also denied reports that he...

SA Financial Minister considering 13bn rand bailout for SAA

South Africa’s Treasury is considering a 13 billion rand ($972 million) bailout state airline SAA to keep the company going as it battles a mounting cash crunch, Finance Minister Malusi Gigaba...

Finance Minister receives SAA’s CEO submission

Finance Minister Malusi Gigaba has received the South African Airways (SAA) submission on who should be its next Chief Executive Officer. “Having followed due process the SAA board has made...

Is a credit downgrade inevitable?

In April 2017 both S&P Global and Fitch Ratings downgraded South Africa’s long-term foreign currency rating to sub-investment grade. The third of the big...

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