South African Finance Minister Pravin Gordhan may target wider fiscal deficits over the next three years that will test the government’s credibility in the face of credit rating downgrades and slowing growth.
The lively musical “Matilda,” based on a novel by Roald Dahl , is playing at the Royal Shakespeare Company in Stratford-Upon-Avon. Artistic director Michael Boyd has said he hopes it’ll transfer to London. With a bit of tweaking, it’s a cert.
South Africa’s economy shed 79,000 jobs in the first quarter, threatening to worsen the highest unemployment rate of 62 countries tracked by Bloomberg and raising doubts about the strength of the recovery.
The rand gained for a third day as South Africa’s current-account gap narrowed to the lowest in seven years and on optimism the worst of Japan’s nuclear crisis may be over, boosting investor demand for high-yielding assets.