Tuesday, 18 December, 2018

GDP expands 2.2% in Q3

Back on track: South Africa pulls out of recession as economy surges GDP growth of 2.2% in third quarter sees SA get out of recession
Rhonda Young | 04 December, 2018, 21:32

South Africa emerged from its first recession in nearly a decade in the third quarter as recoveries in manufacturing and agriculture contributed to an increase in economic growth.

Last month Business Report reported that the R290 billion investment that was pledged at the Presidential Investment Summit, as stated by President Cyril Ramaphosa, will add about R338bn to South Africa's gross domestic product (GDP) over the next five years.

Third-quarter GDP growth data was released on Tuesday.

Central Intelligence Agency director to brief senators on Khashoggi killing
Saudi officials have repeatedly denied that the crown prince had any knowledge of Khashoggi's murder or its subsequent cover-up. That reluctance to blame the crown prince has enraged some Republicans.

The announcement follows a strong week for the local rand currency which has benefited from a detente in the United States' trade war with China.

An analyst at NKC African Economics Elize Kruger said: "The result was in line with our forecast of 2% quarter-on- quarter, which is good news and also means the 0.7% growth forecast for full-year is still on track".

Investec economist Kamilla Kaplan said yesterday that a modest rebound in economic activity was expected in the quarter following the technical recession in the first half of the year.

Alberta orders oil production cut to deal with price differential
Reaction to the curtailment from United Conservative Party leader Jason Kenney and Alberta Party leader Stephen Mandel was swift. Among refiners, HollyFrontier Corp. dropped as much as 6.3 percent in NY and Imperial Oil Ltd . declined 4.4 percent in Toronto.

The rand gained as much as 1.1 percent before paring the advance to trade 0.9 percent up at 13.5655 per dollar by 1 p.m.in Johannesburg, the strongest level in nearly four months.

Mboweni is the country's fifth finance minister in three years after his respected predecessor Nhlanhla Nene resigned in October.

Household final consumption expenditure increased by 1.6% in the third quarter which contributed 1.0% to total growth, Stats SA said.

Usman Khawaja calls for privacy after police arrest and charge brother
He was released only weeks later, when police figured out the script did not match his handwriting. He said acting early to prevent a potential terrorist threat was critical.

Voters have been buffeted by soaring fuel prices and a weak local currency while unemployment is stubbornly high at about 28 percent - rising to over 50 percent for young people.

Recommended

  • South Florida girl in need of rare blood to fight cancer

    South Florida girl in need of rare blood to fight cancer

    A worldwide hunt is now underway to find a rare blood type to help a 2-year-old South Florida girl battling cancer. Her dad told OneBlood that he, his wife and most of their families donated, but were not a match.
    Coup 'anguish' ushers in new Liberal rules

    Coup 'anguish' ushers in new Liberal rules

    Nationals senator John Williams said Mr Turnbull's public forays were distracting voters from the good economic news. Labor leadership contenders now have to gain a majority of votes in the caucus and in a grassroots party ballot.
    Marvel Studios Working On Shang-Chi Feature Film

    Marvel Studios Working On Shang-Chi Feature Film

    He's raised in isolation from the rest of the world in Honan, China, where he becomes superhero-level good at martial arts. The film will feature the studio's first Asian protagonist.
  • Indian Premier League 2019: Delhi Daredevils Renamed To Delhi Capitals

    Indian Premier League 2019: Delhi Daredevils Renamed To Delhi Capitals

    The team boasts of a battery of young Indian stars which include captain Shreyas Iyer, Rishabh Pant and Prithvi Shaw. Delhi Capitals will sport a new logo and crest for the upcoming Indian Premier League season.
    Microsoft is working on a Chromium-based browser to replace Edge

    Microsoft is working on a Chromium-based browser to replace Edge

    The project is presently named as Anaheim and will host web pages in a fashion pretty similar to how Google's Chrome handles it. The new browser will be based on the Chromium platform which is also the foundation of Google's Chrome, Opera and courageous .

    Jen Aniston on her decades long feud with her mum

    Nancy Aniston, estranged mother of Jennifer Aniston , poses at her friend's house, December 17, 1999, in California. Jen previously spoke about her mother in an interview with the Hollywood Reporter in 2015. "She was critical.
  • Turkish President Erdogan slams U.S.  sanctions against Venezuela

    Turkish President Erdogan slams U.S. sanctions against Venezuela

    Maduro's statement comes shortly after the Bank of England (BoE) refused to return around $550 million-worth gold to Venezuela. During a visit to Caracas Monday, Erdogan said the Maduro regime is being attacked with acts of sabotage from Washington.

    Lean in? That sh-t doesn't work all the time: Michelle Obama

    A recent surplus of negative stories about Meghan Markle have some wondering whether she is the victim of a smear campaign. She continued , " It's not always enough to lean in because that shit doesn't work all the time".
    Urban Meyer retiring at Ohio State

    Urban Meyer retiring at Ohio State

    Urban Meyer is stepping down as Ohio State's football coach after the Rose Bowl , according to multiple reports Tuesday morning. It was at Florida where Meyer became a household name, winning his first two national championships (2006, 2008).
  • May's government found in contempt of Parliament over Brexit legal advice

    May's government found in contempt of Parliament over Brexit legal advice

    In a thumping defeat for the government, Theresa May's ministers will have to publish the Brexit legal advice. John Bercow said there was an "arguable case" that a contempt of Parliament has been committed.
    5 things we learned from Big 12 Title Game loss to OU

    5 things we learned from Big 12 Title Game loss to OU

    Trey Sermon's 7-yard TD run tied the score before Texas drove 52 yards to set up the game-winning field goal. Obviously, the Sooners would make a tremendous statement by dismantling the Longhorns in the rematch.
    Israel launches military operation against 'Hezbollah tunnels'

    Israel launches military operation against 'Hezbollah tunnels'

    Israel has accused Iran of supporting Hezbollah with money and arms to continue fighting in Syria and retain its power in Lebanon. The military did not disclose how many tunnels snake into Israeli territory from Lebanon or how long the operation would last.

Ocasio-Cortez thinks very highly of herself. Here’s her latest hilarious gaffe Ocasio-Cortez thinks very highly of herself. Here’s her latest hilarious gaffe Just two weeks ago, a letter was slipped under the apartment door of Rep. -elect Alexandria Ocasio-Cortez. The 29-year-old is the youngest woman ever elected to Congress.

Briefing: Xi may consider Qualcomm-NXP deal again, White House says Briefing: Xi may consider Qualcomm-NXP deal again, White House says United States lawmakers also passed reforms earlier this year that increased CFIUS' scrutiny of deals. In July, Qualcomm paid NXP $2 billion to completely terminate the planned merger.

Kanye West Called Out by ‘Cher’ Actor for Using Phone During Show Kanye West Called Out by ‘Cher’ Actor for Using Phone During Show According to Jarrod Spector , who plays Sonny in the production, West was on his cell phone during the show. West apologised, replying to Spector's tweet , "Please pardon my lack of etiquette".

Drake, Ariana Grande smash Spotify's streaming records The top five groups are Imagine Dragons , BTS , Maroon 5 , Migos , and good old Coldplay , last year's most streamed group . Dua Lipa is the UK's most-streamed female artist in the United Kingdom so far in 2018 on Spotify and Apple Music.

NHL approves Seattle expansion; will be league's 32nd franchise NHL approves Seattle expansion; will be league's 32nd franchise The NHL's 32nd team was unanimously approved in a vote and will begin play in 2021-22 in a renovated Key Arena. That will trigger a realignment that will send the Arizona Coyotes to the Central Division.

Rockstar Addresses Red Dead Online Economy and Other Bugs Rockstar Addresses Red Dead Online Economy and Other Bugs One major problem users have raised is the fact it takes a daft amount of time to nab just one gold bar, taking about eight hours. Much of the fan feedback has been focused on the in-game economy, which hands out small rewards for a lot of hard work.

Epic Games announces Epic Games Store Epic Games announces Epic Games Store Though Epic is encouraging use of its own Unreal engine with profit incentives, it says games developed on any engine are welcome. Epic is also offering to waive its 5% royalty fee for games built in its Unreal Engine, if they are sold through Epic's store.

Prince Charles to attend Bush’s funeral in Washington, D.C. Prince Charles to attend Bush’s funeral in Washington, D.C. Pence said that the last correspondence his family had with the former president was a letter and photo that his son, USMC Lt. Bush's public relations folks told Pence Sr. that the ex-president had long eschewed the custom of signing autographs.

Cop dies in violence over alleged cow slaughter in Uttar Pradesh’s Bulandshahr Cop dies in violence over alleged cow slaughter in Uttar Pradesh’s Bulandshahr On Monday, the villagers blocked a road, demanding the responsible be arrested for slaughtering cows, Kumar said. Police claimed that some people from the mob fired a few shots from country-made weapons as well.

Kanye West Apologizes For Bad Audience Etiquette at 'Cher Show' Kanye West has been put firmly in his place after being spotted using his phone during the opening night of a Broadway musical about Cher .

3 astronauts enter International Space Station 3 astronauts enter International Space Station Russian Federation suspended all manned space launches pending an investigation before giving the green light November 1. This is the first spaceflight for both McClain and Saint-Jacques and the fourth trip to the space station for Kononenko.

United Kingdom told Brexit could be cancelled without approval of other members The Scottish Government also welcomed the announcement and said it gives the United Kingdom an opportunity to avoid a no-deal Brexit .

Battlefield V Update Coming Tomorrow with New War Story and More Battlefield V Update Coming Tomorrow with New War Story and More That isn't the only change arriving with the Battlefield V: Tides of War Chapter 1: Overture update on December 4. To build up some hype beforehand they have released a new trailer showing off some of this update's new content.

Mourinho responds to reports of world-record Koulibaly bid Mourinho responds to reports of world-record Koulibaly bid Former Premier League star turned pundit Jermaine Jenas thinks Mourinho's time is up. United could only manage an underwhelming 2-2 draw with Southampton yesterday.

Jurgen Klopp: Liverpool manager charged with misconduct for derby celebration Jurgen Klopp: Liverpool manager charged with misconduct for derby celebration The midfielder went down injured during injury time and the extra time added on helped the Reds' cause. And then you see that there's backspin and you see the ball hits the crossbar.