US coronavirus deaths top 10,000: Johns Hopkins tracker
World
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SA Q3 current account deficit narrows to 3.7% of GDP
The latest deficit was wider than the 3.1% forecast by economists surveyed by Reuters.
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Foreigners dump nearly $10 bln of South African assets in 2019
Weak company profits, a dire economic outlook and rising chances the country will lose its last investment-grade credit rating have sent jitters through markets.
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SA's GDP decreases by 0.6% in the 3rd quarter
Some of the contributors were agriculture, which contracted by 3.6%, mining by over 6% and manufacturing, which decreased by almost 4%.
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China third-quarter GDP grows 6%, slowest pace in almost three decades
The third-quarter performance was also at the bottom end of the government’s full-year economic growth target of 6.0%-6.5%.
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World Bank sees Egypt economy growing 5.8% in 2019/20
The World Bank inched up its growth estimate for Egypt’s gross domestic product (GDP) in the last fiscal year to 5.6% from 5.5%, matching the government’s figure. Egypt’s fiscal year starts on 1 July.
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IIF flags SA's debt sustainability in report
The report, released late on Wednesday, echoes a warning on Tuesday by the central bank about government debt, which has doubled from less than 30% of GDP before the 2008 global financial crisis to nearly 60%.
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SA debt-to-GDP could reach 95% by 2024, IIF says
The report echoes a warning on Tuesday by the central bank about ballooning government debt, which has doubled from less than 30% of GDP before the 2008 global financial crisis to nearly 60%.
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Mantashe welcomes 3.1% economic growth, economists not celebrating
The strongest performer in the second quarter was the mining sector which grew 14.4% driven by iron ore, manganese and coal growth.
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IMF trims SA's economic growth forecast to 1.2%
South Africa has seen growth stagnate in the decade since the world’s financial crisis, with policy missteps under former President Jacob Zuma making worse global conditions.
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How GDP distorts our view on what is important
GDP is not a good measure of well-being, according to a report by the International Commission on the Measurement of Economic Performance and Social Progress.
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Kenya Treasury sees 2019/20 budget deficit at 4.7% of GDP
He said the government was likely to spend $27.40 billion in the next fiscal year, up from a revised approximate $1.81 trillion this financial year.
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Stats SA: Growth in agriculture sector helps get SA out of recession
Statistics South Africa (Stats SA) says gross domestic product (GDP) for the third quarter expanded by 2.2% quarter on quarter.
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SA records third quarter GDP of 2.2%, lifting country out of recession
South Africa suffered two successive quarters of negative growth - and the third-quarter numbers are a welcome relief for the country.
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Stats SA to announce third quarter GDP results
South Africans will know on Tuesday whether the country has emerged from a technical recession.
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Morning Brief: Don't panic SA - Nene; More Nigeria woes for MTN; & Kya Sand fire
EWN brings you the news you may have missed overnight and what you need to know about the day ahead.
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Patel: Govt working on plan to move SA out of recession
The country slipped into a technical recession on Tuesday as figures for the second quarter of the year showed there was a contraction of 0.7%.
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Finance Minister says govt didn't see recession coming
Finance Minister Nhlanhla Nene says he doesn’t think that the latest figures have something to do with the current heated debate around the expropriation of land without compensation.
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Chart of the day: This is what violence does to a nation's GDP
According to the latest edition of the Global Peace Index, the economic impact of violence on the global economy in 2017 was $14.8 trillion.
