The Chinese third quarter Gross Domestic Product (GDP) growth for 2015 was 6.9 percent. This came in higher than the market consensus of 6.8 percent and significantly down from the astounding annual rate of more than 9% per year between 1990 and 2010. The two-week-long rally in the rand seems to have been decisively broken. On Friday the 16th of ...
Read moreThe dovish Fed’s minutes for the September meeting, in which the members kept monetary policy unchanged, were released this past week. It showed that it was “decided to be prudent to wait for additional information confirming that the economic outlook did not deteriorate”. Whilst most members indicated that they still think that rates will be lifted this year, the risk...
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The MCPF entered into the self-administration era in April 2015 and as a results staff were appointed to carry out the self-administration. The staff agreed that while Heritage Day is celebrated on the 24 September, the MCPF staff will celebrate the day on the 25 September in their offices in Jeppe Street, Marble Towers in Johannesburg. As South Africa is...
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US payroll data, released this afternoon , was seen as crucial for the Fed ’ s rate decision on whether they will hike interest rates for the first time since 2006 later this month , or not . The US created 173,000 jobs in August. It was less than expected, but the unemployment rate dropped to 5.1% from 5.3% –...
Read moreThis week’s wobble in financial markets stemmed from concern over Chinese economic growth after investor confidence was already knocked down by the surprise depreciation in the Chinese currency last week. More than $3.3 trillion has been erased from the value of global equities since China’s decision to devalue its currency spurred a wave of selling across emerging markets already under...
Read moreA case study of a Local Municipality in South Africa. In this swiftly changing world, the attainment and management of employee performance is increasingly becoming more complex particularly in public institutions (Benson, 2006). There are continuous efforts and interventions that underpin public organizations to realise their pre-set objectives and similarly accomplish brilliance through gaining economical advantage. Equally, employees are compelled...
Read moreIf you were in the bush during with no contact to the outside world the week, you might be forgiven to think what all the fuss was about. Following what was dubbed “Black Monday”, when financial markets crashed in unison due to concern over Chinese economic growth, markets have recovered most of the losses incurred, although currencies that sold off...
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