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CAPE TOWN Manuel Fernandes World Cup Jersey , 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 Luis Neto World Cup Jersey , Gigaba said in his latestupdate on the country's economic situation.

This fundamentally disadvantages a large portion of thepopulation, 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 Jose Fonte World Cup Jersey , 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, among other issues.

Moreover, South Africa's Gross Domestic Product (GDP) contracted0.7 percent in the first quarter of 2017 Joao Moutinho World Cup Jersey , 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, business Joao Mario World Cup Jersey , 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 Joao Cancelo World Cup Jersey , 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 Goncalo Guedes World Cup Jersey ,not just because credit ratings agencies are watching," he said.Enditem

MILAN, May 9 (Xinhua) -- Inter Milan coach Stefano Pioli was fired three games before the end of the season, the Serie A giants announced on Tuesday.

Pioli took over from Dutchman Frank De Boer two months into the campaign but the club risk falling short of their goal of earning a place in next season's European campaign.

"Inter Milan annouces it has parted ways with head coach Stefano Pioli and his coaching staff. Inter thanks Stefano and his team for the dedication and hard work carried out at the club over the last six months in what has proven to be a difficult season Gelson Martins World Cup Jersey ," the club said in a statement.

They added that youth team coach Stefano Vecchi will take charge of the first team "immediately and for the remaining three games of the season."

A 1-0 defeat to Genoa at the weekend left Inter in seventh place -- three points behind sixth-placed city rivals AC Milan and a Europa League spot.
"


BEIJING, Feb. 12 (Xinhua) -- Following are the standings of the Chinese Basketball Association (CBA) league after Sunday's games (tabulated under games played, won, lost, winning percentage and points):

1. Shanghai 35 29 6 82.9% 64

2. Xinjiang 35 29 6 82.9% 64

3. Guangdong 35 27 8 77.1% 62

4. Liaoning 35 27 8 77.1% 62

5. Guangsha 35 27 8 77.1% 62

6. Shenzhen 35 23 12 65.7% 58

7. Shandong 35 21 14 60.0% 56

8. Sichuan 35 20 15 57.1% 55

9. Beijing 35 19 16 54.3% 54

10. Jiangsu 35 19 16 54.3% 54

11. Tianjin 35 17 18 48.6% 52

12. Qingdao 35 15 20 42.9% 50

13. Shanxi 35 14 21 40.0% 49

14. Jilin 35 12 23 34.3% 47

15. Fujian 35 11 24 31.4% 46

16. Zhejiang 35 10 25 28.6% 45

17. Aolong 35 9 26 25.7% 44

18. Tongxi 35 8 27 22.9% 43

19. Guangzhou 35 7 28 20.0% 42

20. Bayi 35 6 29 17.1% 41

(Generated by Xinhua News Robot)
"
OTTAWA, Sept.13 (Xinhua) -- More than 65 percent of Canadian households are saving for retirement, according to Statistics Canada Wednesday.

Out of 14 million households, 65.2 percent made a contribution to either a registered retirement saving plan (RRSP) or a tax-free savings account (TFSA) in 2015.

That's a shocking number of responsible saving from Canadians of all ages at a time when experts have lamented household debt at record highs and savings rates that have fallen dramatically since the 1980s.

The census data released by Statistics Canada Wednesday did not reveal how much money Canadians were saving Fabio Coentrao World Cup Jersey , but it showed a change in the approach to savings by age and income level.

Younger Canadians and those in lower-income households were more likely to put their money in TFSAs, likely because they had lower earned income and RRSP contribution levels depend on having earned income at tax time.

They may also be attracted to the fact there is no financial penalty if they have to withdraw money from a TFSA for an emergency or when buying a home.

Meanwhile people in their prime working years, aged 35 to 54, are most likely to use RRSPs to save Eduardo World Cup Jersey , likely because they have earned income and enjoy the tax deduction of contributing to an RRSP.

The census numbers also show the increasing popularity of TFSAs, with more than 40 percent of Canadians contributing to them. The RR. Cheap MLB Hoodies China   Cheap College Hats China   Cheap Jerseys China Free Shipping   Cheap NHL Jerseys From China   Cheap NFL Jerseys Wholesale   Cheap Soccer Jerseys Free Shipping   Cheap Nike College Jerseys   Wholesale Jerseys   Wholesale Jerseys   Wholesale NBA Jerseys 


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