It’s complicated. That’s how one can describe SA’s economic outlook for the year given the events of the past three weeks. There are encouraging developments globally, though they will not improve our economic growth prospects. And there’s just too much noise locally, devoid of tangible progress on the economic reforms proposed by the Treasury in late 2019 as far as implementation is concerned.
There are some silver linings globally, with the US and China reaching a phase one trade deal this week that promises no further escalation of trade tensions. However, global trade economists in the know point out three things that in effect make this no game-changer. First, this trade deal does not reverse the affect of trade tariffs that were implemented until September 2019.
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Source: IOL - 🏆 46. / 51 Read more »
Zimbabwe and China sign currency swap deal“We have entered into a currency swap arrangement; what this means is that there are those who would be investing in Zimbabwe from China and those who require their proceeds to be remitted back to China.” Chinese colonization is proceeding well ❤️ Soon South Africa will also start entering into agreements and China will get all that EWC land which ANC is busy organizing... 😂😂 Is that why Zimbabwe passport holders are now being charged USD 318 over and above their passport renewal fees to collect the legal papers in Zimbabwe when holding a legal work permit to work in SA ? 😡😡😡😡😡😡😡😡😡
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
I am convinced the ANC adopted ‘a wrong resolution’, says Tito MboweniThe finance minister says SA must first spell out what it wants to achieve by nationalising the SA Reserve Bank He conveniently forgot to mention his 10000 shares.
Source: BDliveSA - 🏆 12. / 63 Read more »
AB de Villiers keen to bat again for ProteasAB de Villiers hopes to return to national team after change of management at Cricket SA Ndumo_Dumisani Lol we see this in CorpSA all the time, some ppl retire en be brought bk, as a 'consultant' 😅...... Wen r we gna discover another him or even a better him if we cant let go...🤨 The white cabal is making sure that the return the status que to the white previlage nne. This is a done deal but what does it speak for the future of our game. Where does it leave the liked if Qeshile,Bavumi etc
Source: BDliveSA - 🏆 12. / 63 Read more »
Human Rights Watch slams inaction on xenophobic crimes: 'Hardly any convictions'South Africa is being taken to task for a lack of successful prosecution of xenophobia-related crimes. This hrw is de-focusing us SAs & it's government on dealing with de influx of foreign nationals. Rwanda reported that is left with 300 refugees so we SAs are not AU to can carry some many nations. Our refugees legislation is open mst b recitified.HomeAffairsSA PresidencyZA We dont care! We want to secure our borders We want to deport immigrants We want to take back jobs stolen by immigrants and give to poor South Africans. We want to stop immigrants running small businesses. We want a annual cap on number of immigrants. We want our country back by who?!!
Source: SowetanLIVE - 🏆 13. / 63 Read more »