South Africa is likely to exit its technical recession in the third quarter, the Bureau of Economic Research (BER) said on Tuesday.

Consulting Engineers South Africa (CESA) welcomes the recently announced changes to the cabinet and executive of President Cyril Ramaphosa.

Last year was a mediocre one for South Africa: the JSE ALSI ended 2015 only 5.13% up over the 12 months and GDP growth was well south of 2% for the full year.

According to Catalyst Fund Managers, the SA Listed Property Index (SAPY) recorded a negative total return (-6.12%) for the month ended 31 December 2015.

A country renowned for breaking world records, this is one we do not want.

President Zuma surprised markets on Wednesday evening by recalling South Africa’s well-respected Finance Minister, Nhlanhla Nene, and appointing David van Rooyen, an ANC veteran, as the head of National Treasury.  

High state spending, slowing economy, and a marked increase in longer term deficit targets.

National Treasury has revised downwards South Africa’s economic growth to 1.5%.

The Urban Investments Partnership Conference, co-hosted by the Departments of Cooperative Governance and the Department of Finance was held today at the Gallagher Convention Centre in Midrand, Johannesburg.

South Africa’s economy is expected to grow by three percent by 2017 as the country has taken several steps to address the challenge of energy, says Finance Minister Nhlanhla Nene.

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