20°C / 22°C
  • Fri
  • 33°C
  • 14°C
  • Sat
  • 32°C
  • 16°C
  • Sun
  • 33°C
  • 16°C
  • Mon
  • 33°C
  • 20°C
  • Tue
  • 32°C
  • 17°C
  • Wed
  • 26°C
  • 15°C
  • Fri
  • 24°C
  • 15°C
  • Sat
  • 22°C
  • 15°C
  • Sun
  • 22°C
  • 14°C
  • Mon
  • 19°C
  • 13°C
  • Tue
  • 19°C
  • 11°C
  • Wed
  • 18°C
  • 11°C
  • Fri
  • 34°C
  • 16°C
  • Sat
  • 34°C
  • 18°C
  • Sun
  • 35°C
  • 18°C
  • Mon
  • 36°C
  • 19°C
  • Tue
  • 35°C
  • 19°C
  • Wed
  • 27°C
  • 17°C
  • Fri
  • 34°C
  • 17°C
  • Sat
  • 34°C
  • 17°C
  • Sun
  • 35°C
  • 18°C
  • Mon
  • 35°C
  • 16°C
  • Tue
  • 35°C
  • 15°C
  • Wed
  • 31°C
  • 18°C
  • Fri
  • 25°C
  • 18°C
  • Sat
  • 26°C
  • 19°C
  • Sun
  • 26°C
  • 21°C
  • Mon
  • 22°C
  • 17°C
  • Tue
  • 19°C
  • 16°C
  • Wed
  • 25°C
  • 18°C
  • Fri
  • 21°C
  • 16°C
  • Sat
  • 21°C
  • 16°C
  • Sun
  • 21°C
  • 16°C
  • Mon
  • 18°C
  • 14°C
  • Tue
  • 18°C
  • 12°C
  • Wed
  • 17°C
  • 12°C
  • Fri
  • 28°C
  • 14°C
  • Sat
  • 26°C
  • 14°C
  • Sun
  • 25°C
  • 13°C
  • Mon
  • 19°C
  • 9°C
  • Tue
  • 21°C
  • 8°C
  • Wed
  • 18°C
  • 9°C
  • Fri
  • 24°C
  • 15°C
  • Sat
  • 22°C
  • 15°C
  • Sun
  • 20°C
  • 14°C
  • Mon
  • 16°C
  • 11°C
  • Tue
  • 18°C
  • 10°C
  • Wed
  • 16°C
  • 11°C
  • Fri
  • 36°C
  • 18°C
  • Sat
  • 36°C
  • 19°C
  • Sun
  • 36°C
  • 18°C
  • Mon
  • 38°C
  • 20°C
  • Tue
  • 37°C
  • 21°C
  • Wed
  • 32°C
  • 19°C
  • Fri
  • 34°C
  • 17°C
  • Sat
  • 33°C
  • 17°C
  • Sun
  • 34°C
  • 16°C
  • Mon
  • 32°C
  • 16°C
  • Tue
  • 30°C
  • 13°C
  • Wed
  • 27°C
  • 12°C
  • Fri
  • 32°C
  • 11°C
  • Sat
  • 33°C
  • 13°C
  • Sun
  • 35°C
  • 14°C
  • Mon
  • 37°C
  • 16°C
  • Tue
  • 25°C
  • 17°C
  • Wed
  • 32°C
  • 16°C
  • Fri
  • 22°C
  • 15°C
  • Sat
  • 21°C
  • 14°C
  • Sun
  • 21°C
  • 14°C
  • Mon
  • 16°C
  • 11°C
  • Tue
  • 17°C
  • 11°C
  • Wed
  • 16°C
  • 10°C

Moody's predicts minimal growth after SA slides into recession

The ratings agency says the country's weaker-than-expected economic performance will exacerbate fiscal and monetary challenges.

Moody's Ratings agency. Picture: Facebook.

JOHANNESBURG - Moody's says that the economy's slide into recession has increased pressure to decide on certain policies and that the reserve bank will have to consider how to contain inflation.

The ratings agency says the country's weaker-than-expected economic performance will exacerbate fiscal and monetary challenges.

Moody's projects real economic growth between 0.7% and 1% this year and about 1.5% in 2019.

It says that it had already anticipated that government would miss its fiscal targets and that now the task for Treasury will be more difficult.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus