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Aug 11, 2024 | 
bizcommunity.com | Anaït Miridzhanian |Kevin Buckland |Katja Hamilton |Raymond Parsons
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Africa's main public health body said it is seeking assurances that US President-elect Donald Trump's administration will provide the funding and mpox vaccines promised by his predecessor. In September, US President Joe Biden pledged $500m and 1 million vaccine doses to an mpox response plan led by the Africa Centres for Disease Control and Prevention, which is battling an mpox outbreak on the continent.
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Aug 11, 2024 | 
bizcommunity.com | Kevin Buckland |Katja Hamilton |Raymond Parsons |Steve Holland
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Asian stocks pared early gains on Friday, 8 November 2024 as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing's week-long legislative meeting drawing to a close.
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Jul 2, 2024 | 
bizcommunity.com | Lindsey Schutters |Raymond Parsons |Katja Hamilton
President Cyril Ramaphosa announced the appointment of the DA’s Solomon Malatsi as the Minister of Communications and Digital Technologies and the fourth reshuffling of the communications portfolio in just three years. The Ramaphosa-led administration has made a number of commitments in State of the Nation Addresses and budget speeches in the past, but has failed to implement these policies.
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Jun 10, 2024 | 
bizcommunity.com | Katja Hamilton |Raymond Parsons |Andre Cilliers
The financial world is bracing for a significant upheaval following Saudi Arabia's decision not to renew its 50-year petro-dollar deal with the United States, which expired on Sunday, 9 June, 2024.
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Jun 6, 2024 | 
bizcommunity.com | Raymond Parsons |Yael Geffen
Further to the 1Q 2024 Gross Domestic Product (GDP) figures released by Stats SA, North-West University Business School economist, Raymond Parsons says the negative GDP growth figure of -0.1% q-o-q again reflects how difficult it has been for the economy to gain momentum in the recent past. Although GDP growth may yet reach about a modest 0.9% in 2024 as a whole, total GDP in 1Q 2024 is in fact lower than the peak reached in 3Q 2022.
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May 17, 2024 | 
bizcommunity.com | Danette Breitenbach |Raymond Parsons
According to a recent study by the South African Reserve Bank, the implementation of Basel III's net stable funding ratio (NSFR) since 2008 led South African banks to boost short-term lending while reducing long-term loans, notably in residential mortgages. The NSFR, a global initiative in response to the 2008 financial crisis, aims to rectify mismatches in asset and liability maturities. However, its impact on emerging market banks remains underexplored, prompting this study's investigation.
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Apr 25, 2024 | 
bizcommunity.ug | Raymond Parsons
South Africa marked a milestone in banking security on Monday, 1 April, 2024, by rolling out a comprehensive Deposit Insurance Scheme. The Corporation for Deposit Insurance (Codi) is a subsidiary of Sarb and an integral part of the country’s financial-sector safety net, whichsafeguards deposits of eligible individuals with coverage of up to R100,000 per depositor in case of a bank failure.
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Mar 5, 2024 | 
bizcommunity.com | Kopano Gumbi |Sfundo Parakozov |Katja Hamilton |Raymond Parsons
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South Africa's economy grew 0.1% in the fourth quarter of 2023 in quarter-on-quarter seasonally adjusted terms, narrowly avoiding a technical recession, statistics agency data showed on Tuesday, 5 March 2024. The economy grew 0.6% in 2023, said Statistics South Africa. The fourth quarter growth rate was slightly lower than the 0.3% growth economists polled had predicted. Tuesday's data is the last gross domestic product (GDP) release before national and provincial elections in May.
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Feb 15, 2024 | 
bizcommunity.com | Raymond Parsons |Samuel Indyk |Kevin Buckland |Herbert Lash
Japan has been caught off guard by a recession, as its economy witnessed two consecutive quarters of contraction. The latest data reveals a more significant decline than anticipated, with the gross domestic product (GDP) shrinking by 0.4% in the final quarter of 2023 compared to the previous year. This follows a substantial 3.3% contraction in the preceding quarter.
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Feb 8, 2024 | 
iol.co.za | Raymond Parsons
NWU Business School economist Professor Raymond Parsons’s commentary on the 2024 State-Of-the-Nation-Address.
