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bears123 · Mitglied Angemeldet: 23.05.2018 Beiträge: 778

CAPE TOWN Marlon Humphrey Hoodie , June 15 (Xinhua) -- South Africa will not realize the2017 growth projection of 1.3 percent due to a series of negativedevelopments, Finance Minister Malusi Gigaba said on Thursday.

This continues the trend of low growth over the last severalyears, undermining the country's progress in significantly reducinginequality, unemployment and poverty, Gigaba said in his latestupdate on the country's economic situation.

This fundamentally disadvantages a large portion of thepopulation Mark Andrews Hoodie , and is the cause of social instability, he added.

"It therefore requires all social partners to reflect on ourprogress in bringing about inclusive growth and economictransformation, and to do all that we can and more, from ourrespective positions," the minister said.

Gigaba cited several factors that hamper the country'sgrowth.

These include the downgrade of the country's credit rating tojunk status by Standard & Poor's and Fitch in April and adecision by Moody's in early June to downgrade South Africa's longterm foreign and local currency debt ratings at "Baa3 with negativeoutlook.

All three rating agencies have raised similar concerns over theslow pace of growth-enhancing reforms; growing contingentliabilities amid poor governance at key state-owned enterprises;and political risks Hayden Hurst Hoodie , among other issues.

Moreover, South Africa's Gross Domestic Product (GDP) contracted0.7 percent in the first quarter of 2017, following a contractionof 0.3 percent in the fourth quarter of 2016.

"This trend unfortunately implies that our economy has enteredinto a recession," Gigaba said.

"Our sovereign credit rating has huge macroeconomic impact, andaffects government Justin Tucker Hoodie , business, and ordinary South Africans alike. Weare committed to restoring it to a favourable investment graderating with a positive outlook as quickly as possible," hesaid.

The government has been deeply engaged with the issue of therecession, analyzing its impact on the growth target, andconsidering an appropriate response Terrell Suggs Hoodie , according to Gigaba.

"We have heard the call from business and investors thatproviding policy certainty and stabilizing and revitalizing stateowned companies are among the most important short term steps wecan take to restore confidence," the minister said.

Inclusive growth and economic transformation are the toppriorities of the government, and are mutually reinforcing, Gigabasaid.

"We need to do the right things for our economy and our society,not just because credit ratings agencies are watching Marshal Yanda Hoodie ," he said.Enditem

The International Cycling Union (UCI) announced on Friday that it wants the licensing commission to strip the Astana team of their elite status after an investigation into doping.

Astana, whose team includes Tour de France champion Vincenzo Nibali, were only granted their World Tour license for 2015 "under -probation."

But on Friday, the UCI released a statement saying it wanted the license withdrawn after finishing a review of an audit on the Astana team that was produced by the Institute of Sport Sciences of the University of Lausanne (ISSUL).

"After careful review of this extensive report, the UCI strongly believes that it contains compelling grounds to refer the matter to the License Commission and request the Astana

Pro Team license be withdrawn C.J. Mosley Hoodie ," the statement said.

The World Tour license guarantees its holder direct participation in the top races, including the Tour de France, the Paris-Roubaix classic and the Giro d'Italia.

Several Astana riders failed dope tests last season.

The UCI agreed to grant the team a license but only on the condition that it underwent an independent audit.

"The UCI considers that the ISSUL audit has, among other things, revealed a big difference between the policies and structures that the team presented to the License Commission in December and the reality on the ground Joe Flacco Hoodie ," the UCI statement said.

"In addition, the Italian authorities have provided the UCI with the sections of the Padova investigation which it has been authorized to share. As some evidence concerns Astana Pro Team members, the file has been passed to the License Commission as part of this referral.

"For the sake of due process, the UCI is not in a position to comment further on the content of the audit report, nor the Padova investigation Lamar Jackson Hoodie , until the License Commission has assessed the situation and rendered its decision."

Society > Social > Social WorkWhy Data Entry Work From Home?

Posted by nick_niesen in Society on October 28th, 2010

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