Economy

Group Five Continues To Increase Its Spell Globally

Group Five Continues To Increase Its Spell Globally

On Tuesday, the Chief Executive Officer of the renowned construction firm GroupFive, Mike Upton, has raised concerns over the rapidly changing market conditions while anticipating continued uncertainty as well as risks. In addition, the Mike Upton has also notified about the re-entry of group in central and West Africa for building and housing and claimed that it is processing around three projects in Zambia.

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South Africa Reflects Lesser Economic Expansion Than Estimated

South Africa Reflects Lesser Economic Expansion Than Estimated

While appearing for a telephonic interview, the Head of Africa Economic research at Standard Chartered Plc in London, Razia Khan, has raised major concerns over existing economic environment in the South Africa and claimed that there was not a single person confident about a quarter-on-quarter contraction of that magnitude for mining.

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Confusion over the ‘Secrecy’ Bill

Confusion over the ‘Secrecy’ Bill

It has been recently revealed that Protection of State Information Bill is going to be put forward for debate in the National Assembly, by the Right2Know Campaign. It was revealed by the lobby group that the African National Congress bringing back the bill into the Parliament, without proper consultation with the others was not a very good move.

It was revealed further by the ANC that they are of the hope finalizing the bills by the end of the month and the debate of the same would be put off to next week, as revealed by Luwellyn Landers, MP from ANC.

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ACN Challenges the President

ACN Challenges the President

It has been revealed in a recent report that the Action Congress of Nigeria is soon going to challenge the President, Goodluck Jonathan. This shall be for the purpose of addressing the controversial aspects of the man's policies, the removal of the fuel subsidy in particular, besides other things such as the seven year tenure of the President. This shall move on to become a gruesome debate for him to be able convince that his actions are in good interests of the country.

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Commission Spots an Effective Way to Milk and Honey

Commission Spots an Effective Way to Milk and Honey

According to reports, recently the National Planning Commission declared that by 2030, South Africa might become a ground of milk and honey for all its populace but certainly in order to reach the claim they need to make tough choices, mutual give ups and powerfully built management.

The reported information also highlighted the fact that the national development map was an important conclusion, which came after 18 months of hard work done by the 26-member commission, which is presided over by the Planning Minister in the Presidency, Trevor Manuel.

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Heating oil rises to hit 6-month high as concerns over eurozone debt crisis eases

Heating oil rises to hit 6-month high as concerns over eurozone debt crisis ease

Easing concerns over Eurozone debt crisis pushed heating oil to a six-month high on Friday.

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SA PMI Increases But Insignificantly

SA PMI Increases But Insignificantly

The slow economic growth around the world and difficult economic conditions in Europe are not the only reasons for a hold up in manufacturing. South Africa too might be facing economic uncertainty.

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Unexpected Fall in SA’s Unemployment

Unexpected Fall in SA’s Unemployment

Not only has South Africa’s unemployment rate fallen to 25% in the third quarter manufacturing and retail sales rose. This indicates that economic growth may get better from a slowdown that had inflicted the economy in the second quarter.

In a report released by the Statistics South Africa it was said that the unemployment rate had gone down from 25.7% in the second quarter. According to the median estimate of five analysts in a Bloomberg survey an increase of 26% was slatted.

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SA Factories Still Suffering Price Hike Crisis

SA Factories Still Suffering Price Hike Crisis

According to reports, the current hike in the PPI does not portend well for the trajectory of consumer price rise problems.

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European Leaders’ Meet Accelerates Sale of Wheat, Corn and Soybeans

European Leaders’ Meet Accelerates Sale of Wheat, Corn and Soybeans

On Monday, the US wheat has grabbed a higher position with a jump of more than 1% whereas corn another major player corn was observed to gain a hike of 0.9%. Further, Soybeans for the January was found higher with the increase of 0.7% to $12.29 lot while trading at the Chicago Board of Trade in Melbourne. Simultaneously, the widely consumed oilseed was observed to tumble 3.9% down, during the last week.

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