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South Africa: Concluding Statement of an IMF Staff Visit
June 23, 2015--An International Monetary Fund,(IMF) team visited South Africa June 1-9, 2015 to discuss the outlook, risks, and policy challenges facing the South African economy. The main themes, which are broadly similar to those of the 2014 Article IV Consultation, are:
The growth and jobs outlook remains lackluster, with growth projected at 2 percent in 2015-16.
The improvement in the terms of trade has temporarily lowered inflation and somewhat reduced external vulnerability.
Downside risks persist, mainly stemming from electricity shortages, policy uncertainty, volatility in global financial markets, and global growth.
Reducing electricity shortages is the utmost priority. Other long-standing structural reform recommendations remain essential to boost growth and jobs.
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Source: IMF
JSE financial stocks score on Greece hopes
June 22, 2015--Financial shares have been the big winners on the JSE as the market was lifted by a wave of optimism
that Greece would strike a last-minute deal to avert default.
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Source: FIN24
Rand firmer in globally risk-on market
June 22, 2015--The rand has climbed to its strongest against the dollar in more than three weeks, helped by
cautious optimism that talks aimed at averting a Greek debt default will succeed.
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Source: FIN24
JSE financial stocks score on Greece hopes
June 22, 2015--Financial shares have been the big winners on the JSE as the market was lifted by a wave of optimism
that Greece would strike a last-minute deal to avert default.
view more
Source: FIN24
Commodities shine on JSE
June 18, 2015--Commodity shares have been the star performers on the JSE,
due to higher commodity prices after the dollar softened on the Fed's latest comments on interest rates.
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Source: FIN24
Rand at 3-week high after Fed holds off rate hike
June 18, 2015--The rand has strengthened by more than 1% versus the dollar to a three-week high after the
US Federal Reserve postponed hiking interest rates.
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Source: FIN24
