பீட்டர் வொர்திங்டன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from பீட்டர் வொர்திங்டன். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In பீட்டர் வொர்திங்டன் Today - Breaking & Trending Today

Economic prospects are improving


MONEYWEB
app instead?
11:30 
Open:
Open:
Absa CIB economists outline possible scenarios for SA going forward. Image: Mike Hutchings, Reuters
A discussion on the outlook for SA’s economy by economists at Absa Corporate and Investment Bank has painted a largely positive picture with stronger economic growth, a stronger exchange rate, low inflation and no increase in interest rates. Unfortunately, the researchers added a huge ‘but’ to their rather optimistic views.
“Uncertainty is high. That outcomes can differ from our baseline (forecast) are not just possible, but reasonably plausible,” warn the researchers, leading them to add both more positive and more negative scenarios to their rather optimistic forecast. ....

Mike Keenan , Peter Worthington , Miyelani Maluleke , International Monetary Fund , African Revenue Service Sars , Absa Research , Sa Reserve Bank , Investment Bank , Absa Corporate , South African Revenue Service , மைக் கீநெந் , பீட்டர் வொர்திங்டன் , சர்வதேச பண நிதி , ச இருப்பு வங்கி , முதலீடு வங்கி ,

Absa expects no interest rate hike until March 2022, but there's no guarantee it will boost lending


Getty
The bank says the SA Reserve Bank has no pressure to tighten its monetary policy.
But the record-low interest rates are still not boosting banks lending activities.
Absa expects interest rates to remain at current record lows at least for the next 12 months.
Absa, which presented its economic outlook for the second quarter on Wednesday, said the SA Reserve Bank (SARB) has no reason to hike interest rates since there are no inflationary pressures and no pressing fiscal risks.
Absa Group senior economist Peter Worthington said he didn t foresee a repo rate hike until March 2022. The banking group forecasts a 25 basis points hike then, and the prime lending rate to remain below 2019 levels by the end of 2023 at 8.25%. ....

Peter Worthington , Michael Keenan , Sa Reserve Bank , Absa Group , Monetary Policy Committee , Projection Model , Loan Guarantee , பீட்டர் வொர்திங்டன் , மைக்கேல் கீநெந் , ச இருப்பு வங்கி , பண பாலிஸீ குழு , ப்ரொஜெக்ஶந் மாதிரி , கடன் உத்தரவாதம் ,

Salga wants a 2.8% salary increase for municipalities across SA


Salga wants a 2.8% salary increase for municipalities across SA
Share
Cape Town - The South African Local Government Association (Salga) has proposed a 2.8% salary increase for the 2021 salary and wage negotiations at the SA Local Government Bargaining Council (SALGBC).
The proposal comes against the backdrop of the national government’s intention to offer 0% to national and provincial government workers.
Last week representatives from different public sector unions warned that a strike is likely unless the government concedes to their wage demands that they have tabled in the bargaining council for the year.
Salga argues that municipalities are facing severe financial constraints as national government transfers have been cut and local taxpayer arrears rise. ....

Cape Town , Western Cape , South Africa , Dan Plato , Peter Worthington , Sivuyile Mbambato , Constitutional Court , African Local Government Association Salga , Sa Local Government Bargaining Council , South African Local Government Association , Government Bargaining Council , கேப் நகரம் , மேற்கு கேப் , டான் பிளேட்டோ , பீட்டர் வொர்திங்டன் , அரசியலமைப்பு நீதிமன்றம் , ச உள்ளூர் அரசு பேரம் பேசுதல் சபை , அரசு பேரம் பேசுதல் சபை ,