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South African economic growth revised lowerA collapse in household and business income led to a surge in job losses and business closures. |
October 29, 2020Comments Off on South African economic growth revised lowerRead More |
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South Africa had one of the earliest and most severe national lockdowns in the world.
October 17, 2020Comments Off on Ramaphosa unveils economic recovery planRead More
Researchers from all over the world come to South Africa to work with these collections at the Iziko Museum.
October 8, 2020Comments Off on Mine rehabilitation leaves inspiring legacyRead More
Household consumption expenditure accounted for 61.7 per cent of the economy in the second quarter.
October 1, 2020Comments Off on Monetary policy failed to cushion consumers in Q2Read More
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57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.