Economy

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.

Taxpayers Wait for Gordhan’s Statement

Taxpayers Wait for Gordhan’s Statement

Taxpayers will probably learn tomorrow that in case they are encountering elevated levels of taxes in the fiscal year to follow. The coming Friday, motorists are likely to hear that starting next year, they will have to pay increased prices for petrol, which will be cleanly the fourth monthly increase in a row.

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RDP Residents Being Threatened to Leave

RDP Residents Being Threatened to Leave

Foreigners residing in Alexandra are being pushed to evacuate the place by the protestors of Alexandra Bonafides Movement. The group on Thursday caused havoc in the RDP houses as they issued pamphlets and notices asking foreigners to leave the housing immediately.

While addressing to the government, the movement leader, Duma Kulashe said, "We are trying to make it clear to government and everybody else that we are not for xenophobia, we just want our houses". At present, the group is in talks with Attorney so that they could tackle situation effectively.

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ANCYL to Hold Protest for Employment for Young People

ANCYL to Hold Protest for Employment for Young People

In what seems like South Africa's major political fiasco, President Jacob Zuma's observation of the affairs of the African National Congress (ANC) comes across as sad. Zuma said that the problem of division and ill-discipline in the ANC had reached new levels.

Cosatu General Secretary Zwelinzima Vavi warned that the alliance was being portrayed by divisions and fast forming cliques and cabals, pigeonholing of unsuspecting individuals, innuendos, gossip, back-stabbing, character assassination, political assassination and even physical assassination.

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