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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Economic Policy

18 Results / Page 1 of 2

Background
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South Africa

SA’s new land law limits rural landowners

The Institute of Race Relations has raised concerns over the deprivation of rural landowners’ property rights under the newly amended Communal Property Association Act. Gabriel Crouse of the IRR says 470-thousand rural landowners are now required to obtain state approval to lease or sell their land, which undermines economic freedom.  

todayDecember 4, 2024 17

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Business / Economics

Economist Urges Reforms as South Africa’s GDP Shrinks by 0.3%

In S.A, North-West University Business School economist, Raymond Parsons, has called for urgent economic reforms following the disappointing gross domestic product growth figures for the third quarter, when it decreased by 0.3-percent. Parsons calls for more investment and faster reforms from both the public and private sectors to drive job-rich growth and improve the economy:  

todayDecember 4, 2024 13

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South Africa

South Africa’s Deputy President Outlines Steps to Boost Foreign Investment and Economic Reform

South Africa's Deputy president Paul Mashatile says the government has implemented several steps to stimulate foreign investment including simple tax rules, and a competitive regulatory framework. He answered questions in the National Assembly yesterday on a range of issues including the economy, the water crisis, and challenges in municipalities. Mashatile says the government of national unity intends to continue with fundamental economic reform and improve the business operating environment:  

todayNovember 1, 2024 17

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Business / Economics

South Africa nears compliance with the Financial Action Task Force’s financial crime requirements

  South Africa is close to meeting the Financial Action Task Force's requirements to combat financial crimes like money laundering and terrorism financing. In his first medium-term budget policy statement for the seventh administration, Finance minister Enoch Godongwana said only six items remain to be addressed by February next year, with 16 of the 22 requirements already fully or mostly completed:  

todayOctober 31, 2024 17

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Business / Economics

South Africa’s central bank cuts interest rates

South African Reserve Bank Governor Lesetja Kganyago has announced that the Monetary Policy Committee has decided to reduce the country's repo rate by 25 basis points to 8%.   The announcement comes a day after SA’s inflation was reported at 4.4-percent in August, lower than the Reserve Bank's target of 4.5-percent. It is expected that the rate will also be lowered at the bank's next meeting in November.

todaySeptember 19, 2024 35

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Africa

Biden Administration supports AGOA re-authorisation

The Biden administration is supporting the early extension of the African Growth and Opportunity Act, allowing over 30 sub-Saharan African countries to maintain duty-free access to the U.S. market. Joy Basu, the Deputy Assistant Secretary of State in the Bureau of African Affairs, confirmed this during a press briefing, saying the United States supports an early re-authorization before AGOA expires in September 2025.    Since its enactment in 2000, the […]

todayJuly 30, 2024 33

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World

New UK finance minister vows to power economy

      New UK finance minister Rachel Reeves vowed Monday to immediately "fix the foundations" of Britain's economy, fuelled by onshore wind power and house building, after her Labour party won power. In her first major speech since being appointed the UK's first woman chancellor of the exchequer by new Prime Minister Keir Starmer, Reeves said there was "no time to waste" on reversing "the legacy of fourteen years […]

todayJuly 8, 2024 15

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