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May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - The true key to growth in the South African economy is removal of the structural impediments making local products more expensive to export.
Bobby Godsell, former chairperson of Eskom and chair of Business Leadership South Africa, had this to say on Tuesday when referring to skills shortages, infrastructure challenges and problems at state institutions.
The global economy has so far been plastered over with stimulus packages, he said, but that is no substitute for tackling the real problems.
Trying to weaken the rand is no more than a "cosmetic" exercise, adds Rand Merchant Bank economist Rudolf Gouws.
That's not how we can improve our competitiveness - there are too many things beyond our control.
Gouws says that although the rand is strong its recent run has simply made up its previous losses.
The rand has improved more than 20% this year - which has trade unions and many ministers worried about the competitiveness of South Africa's export products.
Gouws says that we should focus less on inflation targeting. There are bigger structural problems that make South African products more expensive.
- Sake24.com
For more business news in Afrikaans, go to Sake24.com.