Off the wire
• China to hold biennial air show  • FA supports Dutchman Michael van Praag to become UEFA chief  • China's forex reserves decline in August  • 1st Ld: Malaysia confirms first case of pregnant woman infected with Zika  • Morata to 'fight' for a place in Real Madrid starting 11  • Heavy rain hits southern Greece, one killed in flash flood  • Non-performing loans in Albanian banking system on the rise  • (G20 Summit) Interview: EP senior lawmaker hails result of G20 summit  • (Sports Focus) Draw with Iran lifts qualification hopes for Team China, say media and netizens  • Xinhua Insight: What is the future for post-discount era domestic films?  
You are here: 　 Home

Top news items in major S. African media outlets

Xinhua, September 7, 2016 Adjust font size:

The following are news highlights in South Africa's major media outlets on Wednesday.

-- South Africa avoided a technical recession in the second quarter, but most of the cheer is quickly fizzling out as economic indicators still point to near-zero growth in 2016.

Low growth makes fighting high unemployment difficult as investment by the private sector remains low, while the government is intentionally slowing growth in spending to bring down a large budget deficit. (Business Day)

-- The Banking Association of South Africa, which represents the country's biggest banks, wants President Jacob Zuma to pass the Financial Intelligence Centre (FIC) Amendment Bill, which targets money laundering.

"We have full faith in the South African Reserve Bank and we are happy with the FIC amendment bill," said Basa's Managing Director Cas Coovadia on Tuesday.(Fin24)

-- The National Assembly will on Wednesday decide whether to approve the recommendation of State Security Agency analyst Busisiwe Mkhwebane to become the new Public Protector. (South African Broadcasting Corporation) Enditem