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Preview of South Africa’s Budget Speech 2017

JOHANNESBURG (Capital Markets in Africa) – The upcoming Budget will be a critical one given there is no more room for the upward revision of deficit targets as seen over the last few years. As a result of the current slow growth environment, the tax increases and expenditure cuts set in October’s Medium-term Budget have to be adhered to if Treasury is to deliver a positive Budget. This is according to Senior Economist, Johann Els,…

The State of South Africa’s Economy: Half Year Review and Prospects

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Although there have been some positive developments of late – a stronger trade performance in Q2, another reasonable score in the purchasing managers’ index (PMI) survey in July, and a rally in the rand – many of the South African economy’s fundamentals remain very poor. Indeed, NKC African Economics has recently lowered its real GDP growth forecast for 2016 to zero although we still expect the economy to grow…

DHL invests about 47 Million Euro in Sub-Saharan Africa

Posted on by The Editorial Team

JOHANNESBURG, South-Africa (Capital Markets in Africa) — Frank Appel, Chief Executive Officer of Deutsche Post DHL Group, visited South Africa and Nigeria this week. The visit demonstrated the overall importance of emerging markets in the Group’s Strategy 2020: Focus.Connect.Grow., and in specific the encouraging development of Sub-Saharan Africa. During his stay in South Africa and Nigeria, Frank Appel met with employees and customers, and visited several logistics facilities. Affirming the Group’s focus on emerging markets, Frank…

South Africa mining assets up for sale should go to local companies: minister

Posted on by The Editorial Team

LONDON (Reuters) – Anglo American and other companies looking to sell some of their mining assets in South Africa should sell to national champions, or companies owned by local communities and by their workers, South Africa’s mining minister said on Monday.Anglo American is looking at selling some of its coal assets in South Africa and has been considering options for its Rustenburg platinum mines.â€œAt the moment, for example, Anglo American is looking to dispose of…

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