MEDI1TV Afrique : JT Economie - 30/09/2024
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00:00Hello and welcome to this new edition of the Média1 economic newspaper.
00:13At the beginning of the national news, the turnover of cement in Morocco in the first
00:18half of this year was 1.9 billion dirhams, with a 7.4% annual decline.
00:26A decline according to the group, which is explained by the calendar shift of EID-al-Adha
00:31compared to the first half of the previous year and the implementation of new production
00:36capacities on the national market.
00:38The significant decrease in energy costs combined with a strict control of operating costs
00:44allows to display an operating result aligned with that of June 30 of the previous year,
00:50i.e. 0.7%.
00:51At the end of June, the latter displayed a net result of 442 million dirhams, a 2%
00:58annual decline.
00:59This net result is affected by an increase in the tax burden, emphasizes the group,
01:05which has pursued its approach to reduce carbon dioxide emissions through
01:10the important use of alternative fuels, but also by promoting the commercialization
01:16of products with a reduced carbon content.
01:19Still in Morocco, the number of companies created reached 47,734 units during the first six
01:27months of the year, according to the Moroccan Office for Industrial and Commercial Property.
01:33In detail, these companies are divided between moral people, i.e. 34,503, and physical people
01:41with 13,231.
01:43The most prominent sectors remain commerce with a share of 34.77%, followed by real estate
01:51activities with 19.04%, winter services 18.92%, 8% transport and industries with 7.23%.
02:03No surprise, Casablanca States dominates the ranking by region with 14,796 companies created
02:11at the end of last June, ahead of G7 Al-Husayn, Rabat Saleh, Kenitra and Marrakech Safi.
02:17In international economic news, Saudi Arabia has received 17.5 million tourists between
02:25January and July of this year, an increase of 10% compared to the same period of the
02:30previous year.
02:31According to the Ministry of Tourism, the number of foreign tourists for entertainment and
02:36leisure during the first seven months of the year is rising to 4.2 million, an increase
02:42of 25% compared to the same period of the last year.
02:46The country, which has managed to strengthen its position as a tourist destination worldwide,
02:51is at the top of the United Nations list for the growth rate of the number of international
02:55tourists over the past year.
02:58Saudi Arabia is also at the top of the list of G20 countries for indicators
03:03of growth for the number of international tourists and revenues from international tourism
03:08according to the latest World Tourism Barometer published by the United Nations.
03:13Internationally as well, this is a new illustration of the crisis in the German automotive sector.
03:20The Volkswagen automaker has lowered its business and profitability forecasts
03:25for 2024 due to the slowdown in sales.
03:29Volkswagen, which announced in September, is preparing an unprecedented economic plan,
03:34now on a sales volume of 9 million vehicles, against 9.24 million last year.
03:41As a result, the group's turnover should fall to € 320 billion against € 322 billion
03:48the previous year.
03:49The operating margin, measuring profitability, is now expected to be 5.6% against 6.5% to
03:577% before.
03:58It should be noted that in recent weeks, the three main German automotive manufacturers
04:03had to review their annual forecasts.
04:05The Mercedes-Benz manufacturer has lowered its profitability target for the second time
04:11of the year, while its rival BMW is facing, in addition to the slowdown in the Chinese market,
04:17a massive recall of vehicles due to a faulty braking system.
04:22We continue our newspaper in the United States.
04:25Inflation slowed in August, according to the PSI index, favored by the FED, which began
04:30to lower its rates, while high prices remain one of the main concerns of voters
04:36a little more than a month after November 5.
04:39The progression of the inflation index fell in August to 2.2% on an annual basis, against
04:452.5% in July, according to the Commerce Department.
04:49The so-called underlying inflation, which excludes the volatile prices of food and energy,
04:55rebounded in August compared to July at 2.7% on an annual basis, against 2.6%.
05:02In just one month, the general inflation index, as underlying, slowed to 0.1% against 0.2%
05:10in July.
05:11As for the increase in income of American households, it slowed down a little to 0.2%
05:16against 0.3% in July.
05:19The slowdown in inflation had also convinced the FED to start on December 18th
05:25to lower its rates, which had been at their highest level since July 2023 for more than 20 years.