ECONOMIC GROWTH NEWS ON FASTMOVING

Johannesburg - South Africa has endorsed a trade deal with Poland, Deputy President Kgalema Motlanthe has said read more

The Namibian Government is injecting huge stimulus into the Namibian economy in order to accelerate the growth of local enterprises. The recent promulgation of the amended Regulation 28 and 29 of the Pension Funds Act has the potential to unlock capital and channel its flow towards entrepreneurial businesses. read more

Cape Town, Monday 9 September: According to the results of an economic impact study conducted by economists Economics Information Services (EiS) led by Barry Standish, the V&A Waterfront should be viewed as an economic hub which has contributed some R198-billion to the South African economy over the last ten years alone.  read more

The World Economic Forum (WEF) has ranked Zambia as one of the top 10 most competitive economies in Africa for 2013. read more

Despite an increase in the number of people in South Africa’s middle class, its share of the country’s income has declined, according to a new study. read more

Johannesburg - South Africa’s rand declined for a second day and bonds fell, driving yields to the highest in a month, as credit growth slowed and before data this week that may show the trade deficit this year is widening. read more

Pretoria - South Africa's economic growth prospects have weakened and constraints in electricity supply pose further downside risks, Reserve Bank Governor Gill Marcus said on Friday. read more

Frankfurt - Loans to the euro zone's private sector shrank by more than expected in June, starving the economy of the funds needed to sustain recovery and piling pressure on the European Central Bank to take fresh action.  read more

Johannesburg - Grindrod, Africa’s biggest shipping company, advanced to the highest in almost five years, as shipping costs rose and the rand weakened.  read more

Beijing - China's exports fell 3.1% year-on-year (y/y) in June with imports also declining, the government said on Wednesday, in the latest signs of slowing growth in the world's second-largest economy.  read more

The Assistant Minister of Trade and Industry, Keletso Rakhudu has said Botswana must have a twin pronged strategy in promoting itself.  read more

Local businesses remain unenthusiastic about the current state of the local economy, citing weak demand, cost of finance as well as concerns about the cost of fuel, the Bank of Botswana's latest Business Expectations Survey has revealed.  read more

Walvis Bay - Namibia should not allow itself to be held hostage by any single market, says the Minister of Trade and Industry Calle Schlettwein. read more

The wholesale and retail sector is showing great promise as a key economic driver after recording good performance last year, the 2013 Economic Survey shows. - See more at: http://www.the-star.co.ke/news/article-121948/retail-sector-seen-key-economic-driver#sthash.nKR7ThJZ.dpuf read more

Johannesburg - Economic growth in the first quarter of 2013 remained subdued due to contraction in the manufacturing sector, the SA Reserve Bank (Sarb) said on Wednesday.  read more

London - British consumer sentiment hit a six-month high in May, and a leading business association revised up its growth forecasts for the first time since the financial crisis, adding to hopes that a tentative recovery is under way. read more

Nairobi - Kenya's economy is expected to expand by about 6% in 2013, up from a growth rate of 4.6% last year, driven by a pick-up in sectors like agriculture, the planning minister said on Thursday. read more

A new report shows consumers are taking charge of Africa’s economic growth, with an increasing number of urban Africans spending a large share of their disposable income on groceries and clothing.  read more

The informal economy is the major contributor to a number of emerging economies globally. In sub-Saharan Africa, the sector constitutes 70 percent of the workforce while in other countries such as Ghana, the informal economy employs 85 percent of the workforce. In India 400 million people work in this sector. read more

South Africa’s black middle class has more than doubled in the last eight years, growing from 1.7-million South Africans in 2004 to an estimated 4.2-million in 2012, according to research by the UCT Unilever Insitute of Strategic Marketing. read more

Port Louis - Mauritius' economy will expand by 3.7 percent this year, slightly below potential due to subdued demand from its main markets and modest private investment, and will accelerate to 4.4 percent in 2014, the International Monetary Fund said.  read more

London - Britain's economy dodged a return to recession and grew faster than expected in the first three months of this year, providing some political relief for a government under fire over its austerity drive. read more

Johannesburg - Sub-Saharan Africa's economic growth should accelerate to more than 5% over the next three years, far outpacing the global average, but the region must do more to convert this into reducing poverty, the World Bank said on Monday. read more

London - South African corn futures declined the most in more than a week as prices for the grain decreased in the US, the world’s largest producer, on concern demand from China will weaken. read more

According to the International Data Corporation (IDC) Smart Connected Device Tracker, worldwide shipments of smart connected devices grew 29.1% year over year in 2012, crossing 1 billion units shipped with a value of $576.9 billion.  read more

Johannesburg - The Industrial Policy Action Plan (IPAP) 2013/2014, aimed at creating economic growth, was unveiled in Pretoria on Thursday. read more

Pretoria - South Africa's economic growth quickened to 2.1% quarter-on-quarter in the fourth quarter of 2012 on a seasonally adjusted and annualised basis from 1.2% in Q3, Statistics South Africa said on Tuesday.  read more

Cape Town - South Africa's economy needs to grow threefold to create the targeted 11 million jobs by 2030 and interventions outlined in the National Development Plan can put the economy on a better footing, President Jacob Zuma said in his State of the Nation address on Thursday. read more

Lusaka - Zambia will be careful not to fall back into unsustainable levels of debt as state-owned firms look to borrow from international markets to invest in infrastructure projects, Deputy Finance Minister Miles Sampa said on Tuesday. read more

Growth in credit to the private sector topped 10 percent year on year last month, for the first time since February 2009, the Reserve Bank said. read more

Zambia will record an economic growth rate of 7.3 per cent this year, slightly higher than the 2011 growth rate of 6.8 per cent, the World Bank has projected.  read more

Kampala - Uganda's budget for the 2012/13 (July-June) fiscal year will fall short by about $260m or 6.2% due to aid cuts by donors over graft, a senior official said on Monday.  read more

Johannesburg - South Africa's economic growth is likely to remain subdued next year due to the effects of labour unrest in the crucial mining sector and a weak global economy, a Reuters poll showed on Thursday. read more

Pretoria - A report issued by the SA Reserve Bank on Tuesday sees economic growth slowing. read more

Johannesburg - SA's composite leading business economic indicator rose for the first time after eight declines on a year on year basis by 0.1 % year on year (y/y) in August‚ after a revised 1.8% (2.3%) y/y decline in July‚ data released on Tuesday by the South African Reserve Bank (Sarb) showed. read more

Tesco is trying to lure Chinese shoppers with promotions on soy sauce, cooking oil and apples this week. But Emily Zhang still won't do much shopping there. read more

China's economic model that delivered three decades of double-digit growth is running out of steam and the country's next leaders face tough choices to keep incomes rising.  read more

Beijing - China's manufacturing activity fell to its lowest level in more than three years in August as the global economic slowdown continues to weigh on the world's largest exporter, HSBC said on Monday. read more

Johannesburg – As global demand firms and domestic demand remains robust‚ economic growth in Sub-Saharan Africa is expected to strengthen to 5% in 2012‚ the World Bank says in its newly-released Global Economic Prospects (GEP).  read more

Pretoria - South Africa’s economic growth slowed in the first quarter of 2012, hit by a sharp contraction in mining, but manufacturing showed surprising resilience, suggesting the Reserve Bank might not need to cut interest rates to stimulate output. read more

The latest credit figures are a positive sign that domestic demand is improving and that the economy should manage better growth levels in 2012, Gina Schoeman, Absa Capital economist says. read more

Johannesburg - Growth in South Africa’s manufacturing output outpaced expectations in February, adding to signs that domestic demand is recovering and backing the case for higher interest rates.  read more

China's manufacturing activity contracted for a third straight month in January as the world's second largest economy slows, boosting the case for further monetary easing, HSBC said Friday.  read more

Beijing - China said on Tuesday its economy expanded by 9.2% last year, slowing from 2010 as global turbulence and efforts to tame high inflation put the brakes on growth. read more

Johannesburg - Growth in South Africa’s retail sales slowed to 7.4% year-on-year (y/y) at constant prices in October from a downwardly revised 7.7% in September, Statistics South Africa said on Wednesday.  read more

Pretoria - South Africa’s economic growth came in less than expected at 1.4% in the third quarter of 2011 on a seasonally adjusted and annualised basis, compared with a 1.3% rise in the second quarter, data showed on Tuesday.  read more

China’s economic growth was likely to slow to 8.5 percent in 2012 from 9.3 percent this year, but the global headwinds it faced could be partly offset by supportive policy steps, the Organisation for Economic Co-operation and Development (OECD) said yesterday. read more

Pretoria - South Africa’s economy grew by 4.8% in the first quarter of 2011 on a seasonally adjusted and annualised basis, compared with a revised 4.5% expansion in the fourth quarter of 2010, data showed on Tuesday. read more

Africa must become integrated into global markets to sustain a faster pace of economic growth and to create jobs for millions of unemployed people, officials from the World Economic Forum (WEF) said today. read more

Growth in SA’s economy would quicken to 5% next year, but more should be done to boost the “trend” pace of growth to reduce unemployment, the country’s biggest problem, a global think-tank said yesterday. read more