South Africa: economic powerhouse of Africa

Positive growth to resume: SARB

While South Africa's recovery from the global economic downturn is lagging, there are convincing signs that the low point of the cycle has been reached and that positive growth will be recorded for the fourth quarter, the Reserve Bank says.

South Africa leaves rates unchanged

The South African Reserve Bank left interest rates unchanged on Tuesday. Newly appointed governor Gill Marcus said the domestic economy was expected to continue on its recovery path, but that growth was expected to remain below potential for some time.

Capital investment 'to sustain growth'

A sound fiscal position and low levels of public debt have allowed the South African government to sustain public service delivery while increasing capital investment spending to boost economic growth and create employment, says Finance Minister Pravin Gordhan.

No rand intervention: SARB

The South African Reserve Bank will not intervene in the foreign exchange market to manage the strength of the rand, says deputy governor Daniel Mminele, adding that a floating exchange rate regime has cushioned South Africa from the more severe effects of the global downturn.

More stories ...

Select from:

South African business update

Business update

South African finance and economy news.

South Africa's infrastructure

Infrastructure

Modern transport, relatively low-cost energy, sophisticated telecoms facilities.

South Africa: key economic sectors

Key sectors

Economic sectors with particularly high growth and investment potential.

South Africa's economic policies

Policies

Macroeconomic policies, regulatory institutions, financial controls and more.

Economic development in South Africa

Development

Jobs, skills, urban and rural regeneration, government-business partnerships.

South African economy overview

Economy overview

South Africa has the most advanced, broad-based industrial sector on the continent.

How the world rates South Africa

Global ratings

Recent international reports support South Africa's strengths as an investment destination.

South African business success stories

Success stories

South African companies, products and innovations are making their mark globally.