The South African economy grew by 1.4% in the third quarter according to data from
Statistics SA released this week – and analysts say the recovery is expected to gain
moderate momentum in the final quarter of 2014.
BRICS countries met on the sidelines of the G20 Leaders’ Summit in Brisbane, where they agreed to set up an interim board of directors to lead the next phase of establishing the National Development Bank.
Over the past three decades, South Africa's tool, die and mould-making sector has been in decline and its qualified toolmakers are ageing. This has a knock-on effect on the entire manufacturing sector, driving the government and the private sector to work together on initiatives to boost skills.
The South African economy is showing signs of recovery, and is still feeling ‘stronger and more robust economic trends. There is still a long way to go though, due to current power problems and the protracted post office strike, according to the latest BankservAfrica Economic Transaction Index (BETI).
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