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World Bank Raises South Africa Growth Forecasts but Warns of Weak Potential

11 April 2018 By admin

World Bank Raises South Africa Growth Forecasts but Warns of Weak Potential:

World Bank Raises South Africa Growth Forecasts but Warns of Weak Potential:

The World Bank raised its forecasts for the South African economy on Tuesday but warned that growth potential would remain weak without concerted efforts to reduce inequality and stimulate competition. The World Bank now sees gross domestic product growing by 1.4 percent this year, up from its September forecast of 1.1 percent, supported by improved business and consumer confidence after Cyril Ramaphosa replaced Jacob Zuma as head of state in February.

South African court dismisses Pistorius appeal:

In this file photo dated Tuesday, June 14, 2016, Oscar Pistorius leaves the High Court in Pretoria, South Africa, after beginning sentencing for the murder of his girlfriend Reev Steenkamp. South Africa's highest court dismissed Pistorius' request to review the 13-year prison sentence on Monday, April 10, 2018, bringing a close to a five-year legal saga surrounding the athlete.

NTT Com and Dimension Data continue integration:

NTT Com and Dimension Data are making progress in unifying their cloud IaaS capabilities Dimension Data, which is also a business unit of the NTT Group and is based in Johannesburg, South Africa, focuses on services including network integration, security and data centers. In addition, NTT Com will expand its service portfolio by combining with Dimension Data's private cloud and dedicated SAP platforms.

Carlos Santana honoured to be back in SA:

Music legend Carlos Santana is set to seduce South Africans once again with his signature guitar sound this week, with shows planned for Cape Town, Johannesburg and, for the first time, Durban. “I want to connect with all of the people that I didn't get to connect with the last time I was there.

White South African Woman Receives 3-Year Prison Term for Racist Rant:

Racial tensions in South Africa have been skyrocketing since their government passed legislation to forcibly seize farmland from white farmers and hand it over to black farmers. The nation has yet to heal from it's recent history of apartheid, and the efforts to heal are now firmly in the past with new leading party that has vowed to reject Mandela's policy of reconciliation.

.com | Guptas to appeal grounding of leased plane:

The Guptas have lodged an application for leave to appeal a ruling handed down in the South Gauteng High Court in Johannesburg which ordered them to return a luxury aircraft that they were leasing. News24 has reliably learnt that the application was lodged on March 23, a few days after the ruling, but that no date has yet been set down for the hearing.

Actonville – a town in South Africa that you may wish to avoid:

This article briefly explains the failure of the South African Police in identifying, locating and arresting criminals that have turned a once very desirable place to live, in to one where criminals sell drugs openly on streets, illegal alcohol drinking places operating right near schools and again the inability of relevant government departments to take the necessary action. Two primary schools are on the left of the road and two establishments are across the road from the schools.

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Filed Under: Johannesburg Tagged With: ‘Weak, africa, bank, forecasts, growth, potential, Raises, South, warns, world

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