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The International Monetary Fund (IMF) has raised South Africa’s growth forecast to 1% this year.
The trouble with house prices is because of a booming market that causes consequence of upbeat consumer confidence.
National Treasury has revised downwards South Africa’s economic growth to 1.5%.
Looking at the international scenario while the global economic recovery remains on track, it is both fragile and uneven.
South Africa has welcomed the announcement that Nigeria, Africa's most populous nation, is now the biggest economy in sub-Saharan Africa after it rebased its gross domestic product (GDP).
During the last meeting of the Reserve Bank's monetary policy committee in September this year it was decided to leave interest rates unchanged for the seventh time, a decision that has made it easier for many home owners to comfortably pay their mortgages.
Economic activity in sub-Saharan Africa is predicted to remain robust at a 5% growth in 2013 and 6.2% in 2014, according to the International Monetary Fund's latest Regional Economic Report Outlook
South Africa's foremost financial services company, FirstRand Limited has disclose plans to invest proceeds of its $250 million fund raising exercise across major West and Southern African real estate markets - particularly Nigeria, Ghana and Angola.
SA IS a highly significant engine for growth for Africa, says research released this week by two senior International Monetary Fund (IMF) economists.
Angolan Deputy Prime Minister Announces Progress on Reaching a Formal Agreement with the International Monetary Fund.