Page 4 - Efficient Group News Today

A focus on economic performance will take centre stage amid concerns that the country’s underperforming energy and logistics sectors are weighing down growth.

The South African Reserve Banks Monetary Policy Committee is on Tuesday expected to meet and make a final decision on the countrys repo rate, which economists expect to remain unchanged.

The central bank’s monetary policy committee (MPC) is meeting from Tuesday for a final time this year.

The UK-based bank reached a settlement with the competition watchdog for its role in fixing and creating fictitious bids, as well as other activities aimed at manipulating the dollar-rand exchange rate between 2007 and 2013.

This comes after the Competition Commission and British multi-national bank Standard Chartered reached an agreement after eight years of litigation.

Article - Mango Hill Hotels in India Migrates to the Cloud with Hotelogix for Efficient Group Operations - Hotelogix said that Mango Hill Hotels in India has adopted its multi-property management system to manage group operations, including reservations and online distribution centrally. It also states that the group is eyeing on expanding its portfolio with Hotelogix’s technology platform.

Godongwana's forecasts according to Dawie Roodt, the Chief Economist at the Efficient Group, are far too optimistic.

Finance minister Enoch Godongwana could hint at the government possibly drawing from a R459bn special reserve account to augment revenue shortfalls when he delivers the medium-term budget on Wednesday.

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An economist says there's little doubt that South Africa is heading into a financial crisis.