Category Archives: News

China GDP growth sinks to 25-year low

Chinese shares gained heavily today as investors weighed the likelihood of further stimulus from Beijing following data that the economy grew at its slowest pace in a quarter of a century. Fourth-quarter gross domestic product eased to 6.8% from a year earlier, while full-year growth slipped to 6.9%, adding to the troubling economic picture that’s unsettling traders around the world. […]

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US Federal Rate Hike- South Africa a Loser

By Vivian Atud As expected the US Federal Open Market Committee has finally taken the United States- world’s biggest economy off life support. This happened yesterday when the US Fed Chair Woman-Janet Yellen announced a 0.25 percent rate hike for the first time since 2008. What does this mean for the US economy? On the one hand, the U.S. government […]

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Unemployment in South Africa at its Worst Level in 11years

Johannesburg- Sunburst Africa–Unemployment in South Africa continues to grow- dampening any hopes of finding a job for those who have never been employed. For the first time in eleven years the unemployment level is now 25,5 percent- statistics South Africa said yesterday. According to data released by Statistics South Africa (Stats SA) on Tuesday, The results for Q3: 2015 show that […]

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 Is Greece Close to Exiting from the EU?

By Sunburst editor The happy marriage between EU countries is facing a rough patch that may see it end with certain parties exiting the EU. It is not news that Greece and its creditors – the ECB, the IMF, and the European Commission – have been on a back and forth journey since the first Greek bail out by the […]

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Why the JSE Closed Over 1percent in Negative Territory Yesterday

What: The Johannesburg Stock Exchange (JSE) All-Share Index closed 1.02 percent in negative territory yesterday. Total volume traded was R13.1 billion. Among top losers of the day were: Discovery Ltd (JSE Code DSY) down 2.6 percent, AngloGold Ashanti Ltd (JSE Code: ANG) down 2.5 percent, Naspers Ltd (JSE Code: NPN) down 2.2 percent, Mondi PLC (JSE Code: MNP) down 2.2 […]

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South Africa’s Credit Rating Affirmed by Standard and Poor’s

Standard & Poor’s (S $ P) affirmed South Africa’s credit rating on Friday, saying tax increases should limit fiscal risks in the next three years stating the following. Firstly, real GDP growth in South Africa is expected to be limited to 2.1% in 2015, owing to electricity supply shortages among other factors, but we think there will be a slight […]

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Is Agoa compromise a mixed blessing for SA?

The local poultry industry stood to lose about R900m in annual turnover and potentially shed about 6,500 jobs as a result of a deal clinched in Paris last week with its US counterpart, South African Poultry Association CEO Kevin Lovell said on Monday. The deal will allow the import of 65,000 tonnes of bone-in chicken portions from the US free of […]

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JSE limits losses but still closes down on mixed global markets

THE JSE came back from weaker levels on Monday, but still ended the day lower as weaker European markets and a lower start to the Dow Jones kept the local bourse on the back foot. The local market traded 0.55% down in the morning. Weakening gold and resources shares dragged the market lower from a positive performance on Friday as […]

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