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BVG launches weather derivatives
 BVG has launched a new company called WeatherInDe to market and sell weather derivatives. The growing need for customised weather derivatives has revolutionised the weather derivative market worldwide. Customers no longer have to adapt to standardised contracts traded on the exchanges, but can instead customise the contracts to suit their needs and risk appetite.
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This past week the National Planning Commission (NPC) submitted to the Water and Sanitation Portfolio Committee in Parliament on South Africa's Water Security situation. South Africa's water security situation is at significant risk. Please click on 
This week, Agbiz, Johannesburg Chamber of Commerce and Industry (JCCI), Tutwa Consulting Group, and with support of the Rand Merchant Bank held a workshop under the theme, "What does Brexit mean for South Africa". Amongst representatives that attended the workshop was the British High Commission representatives, IDC, SACU, the dti, FNB and Standard Bank.
The second quarter of 2016 real GDP figures released by Statistics South Africa showed that overall economic growth was well above market expectations of 2.6% quarter-on-quarter (q/q). The economy grew by a seasonally adjusted annualised rate of 3.3% q/q, following contraction of 1.2% q/q in the first quarter of the year.
