Tag Archives: Shipping


ECONOMY The threat of downgrading the SA economy to junk status by mid-2017 remains high according to Moodys and Fitch. Unemployment in the third quarter stands at 27.1% – the highest in 13 years. South African core inflation, which excludes food, fuel and beverages, was 5.7% in October 2016 and accelerated to 6.6% in November. […]

Developments October 2016

DEVELOPMENTS IN SOUTH AFRICA OCTOBER 2016 ECONOMY Mozambique’s economic growth is likely to slow to 4,5% this year from 6.6% last year due to rapidly rising inflation and growing government debt. The IMF have recently discovered more than $1bn of previously undisclosed debt which will increase pressure on the economy. The stock of debt as […]