Cyril Ramaphosa Tag

South Africa’s central bank has revealed that foreign direct investment (FDI) into the country more than doubled in 2018, boosting President Cyril Ramaphosa’s hopes of attracting US$100 billion of investment over five years. FDI inflows rose to a five-year high of R70.7 billion ($4.88 billion) in...

South Africa’s economy grew by 0.8% last year according to latest figures from Statistics South Africa, which also revealed GDP growth of 1.4% in the fourth quarter of 2018, compared to 2.6% in Q3. The latest figures from Statistics South Africa (Stats SA) portray an economy that...

South Africa's business confidence rose for a second consecutive month in October, thanks to improving import volumes, vehicle sales and retail sales. The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index rose from 93.3 in September to 95.8 in October, with six...