Gdp
CYRIL RAMAPHOSA: South Africa remains an attractive investment destination
As South Africa hosts the third South Africa Investment Conference this week, President Ramaphosa says that beyond its contribution to national GDP, investment...
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SA's economy could shrink more than forecast : Mboweni
The economy of Africa's most industrialised nation contracted by more than half in the second quarter of this year, an unprecedented decline caused by anti-coronavirus restrictions.
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SA GDP plunge, revenue shortfall to delay debt stabilisation - Moody's
South Africa will struggle to bring down its soaring levels of public debt, set to reach 80% of gross domestic product this year, due to the impact of the record economic contraction on tax revenues, ratings firm Moody’s said on Thursday.
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'Watch this space next week': Ramaphosa on level 1 lockdown
President Cyril Ramaphosa engaged with Sanef in a virtual question-and-answer session on Wednesday evening. Here are the highlights.
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Statistician-General Maluleka unsure whether economy will improve in near future
Stats SA said that the economy shrank by 16.4% from the first quarter to the second quarter.
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Govt must take urgent steps to implement economic recovery plan - BBC
The latest GDP figures showed the economy contracted by 16.4% in the first and second quarter this year.
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Pressure on Ramaphosa to jump-start economy as SA sinks deeper into recession
The president reacted after Stats SA revealed the most recent GDP results, which showed the country had slipped deeper into recession during the nationwide lockdown.
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Communications industry ‘winner’ as most sectors choked under COVID lockdown
The largest negative contributors to the negative growth in GDP for quarter 2 were manufacturing, trade, and transport – which were severely affected by the lockdown regulations.
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Inside SA's bleak second quarter GDP figures
Statistics South Africa revealed that the country has fallen deeper into recession, with the economy shrinking by 16.4% from the first quarter to the second quarter of 2020. If the economy continued to contract in a similar way, the annualised figure would be set at 51%. Take a closer look at the figures related to the economic data.
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CYRIL RAMAPHOSA: We need national effort to rebuild SA economy
In a statement issued on Tuesday, President Ramaphosa stated: “Now is the time to act quickly and boldly to place South Africa on a rapid growth trajectory.”
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SA's economy contracted by 16.4% in Q2
The data revealed that in the period, the economy generated R1,08 trillion.
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Virus means at least a 5-year hit to South Africa GDP: UN
The UNDP said GDP would decline by 7.9% this year due to the pandemic and "recover slowly through 2024", in a socio-economic impact assessment study released on Monday.
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COVID-19 pushing much of the world into record economic slumps
Here are the second quarter changes in gross domestic product (GDP) compared to the previous quarter for the world's top economies.
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SA heads towards 'tougher times' as GDP contracts by 2%
This was the third consecutive decline with the economy remaining in recession.
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Maluleke: Global effects of COVID-19 were already being felt in Q1
The second-quarter results are expected to paint an even bleaker picture of the impact of the national lockdown, which forced businesses to shut down, halting economic activity for over two months.
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GDP pre-coronavirus lockdown fell by 2%
This data does not include post lockdown data on the economy’s performance.
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Lockdown affects Stats SA’s collection of economic data
Statistics South Africa is struggling to collect the data required to pull together crucial reports.
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Economists predict further repo rate cuts
The Reserve Bank announced on Thursday that it had cut the repo rate by 50 basis points to 3.75% in order to promote growth.
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Grim outlook on SA's economic growth for 2020
There are concerns that 2020 may be another difficult year for growth, with consensus that the country is facing a number of factors dragging down GDP.
