• Thu
  • Aug 28, 2014
  • Updated: 2:56pm

Economy of South Africa

South African central bank holds key rate, fears inflation

Despite weak economic growth South Africa’s Reserve Bank opted to leave interest rates on hold on Thursday, fearing any move to stimulate the economy now could fuel inflation.

Thursday, 22 November, 2012, 10:25pm

Investors are filtering back

South Africa tends to get a bad rap, what with its political and social unrest, and lately, industrial action. Even Standard and Poor's downgraded the sovereign rating of Africa's largest economy, amid uncertainty linked to strikes and rising social tension.

14 Nov 2012 - 3:22am

Storms gather over Africa’s 'Rainbow Nation'

A toxic mix of government stasis, creaking infrastructure and social unrest is prompting doubts about South Africa’s stability in a continent with too many economic scare stories.

It may, in the end, be events on a dusty patch of Highveld two hours’ drive from Johannesburg that end South Africa’s 18-year post-apartheid honeymoon.

3 Oct 2012 - 1:44pm

Shanghai yard wins huge order from U-Ming

Shanghai Waigaoqiao Shipbuilding, one of the largest shipyards on the mainland, has won a contract that may be worth up to US$500 million.

The huge order, for up to 10 dry cargo iron ore and coal carriers, was placed yesterday by the Singapore subsidiary of Taiwan's U-Ming Marine Transport.

14 Feb 2012 - 12:00am

China seen as key for iron ore, shipping firms

China will remain the world's key iron ore market for mining companies and the global dry bulk shipping industry, despite concerns about the future of the country's infrastructure boom and an easing of foreign direct investment, shipping experts say.

14 Nov 2011 - 12:00am

Bulk carriers help fill Rongsheng order book

China Rongsheng Heavy Industries Group, the mainland's largest privately owned shipyard, is set to deliver at least 35 ships this year out of a total order backlog of 111 vessels worth US$7.1 billion.

'We estimate no less than 35 vessels will be delivered this year,' said Cynthia Zhang Jin from the firm's investor relations division.

2 Jul 2011 - 12:00am

New fleet launch imminent

A venture between Capital Steel Group of the mainland and Peninsular & Oriental Steam Navigation of Britain that will have the world's biggest capesize dry bulk carrier fleet will start operating in Hong Kong on July 7.

1 Jul 1998 - 12:00am

South African gold stocks offer better value than US

LLOYD George Management and Morgan Stanley Asset Management offer gold sector funds to Hong Kong investors.

The LG Strategic Gold Fund Limited is a Bermuda-registered offshore, open-ended fund almost totally invested in the gold-mining sector, with a 5 per cent cash component as at July this year.

18 Aug 1996 - 12:00am

Fund managers drawn by South Africa's potential

FUND managers here and abroad generally believe that, between now and 1999, the South African market will offer lucrative investment opportunities.

The first democratic elections last year helped to open the country to a wider base of foreign investors.

17 Sep 1995 - 12:00am

S Africa to reform forex controls

SOUTH AFRICA'S Government is expected to announce a major overhaul of its exchange controls in a bid to attract more foreign investment, says a senior stock exchange official.

Neil Carter, director of operations for the Johannesburg Stock Exchange, said the reforms were a keystone of its economic reform package expected in the March 15 budget.

6 Mar 1995 - 12:00am

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