Gdp
Economist: COVID effects will be determining factor in SA’s economic growth
South Africa's economy shrunk by 1.5% in the third quarter after growth in four consecutive quarters.
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INFOGRAPHIC: SA's GDP shrinks in 3rd quarter 2021
South Africa's economy has shrunk by 1.5% in the third quarter of this year. This quarter's results have factored in the economic disruptions caused by the civil unrest in July.
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OECD lowers world GDP forecast, says vaccination key
The global economy is now expected to expand by 5.6% this year, down from an earlier forecast of 5.7%, the OECD said in its updated economic outlook released as the Omicron variant has sparked concerns about its impact on the recovery.
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Despite Q2 growth, overall economic activity still a concern for economists
Statistics South Africa released the second quarter GDP data on Tuesday. It indicated that the economy was nowhere near the unsatisfactory pre-COVID figures, while economic activity was back to 2017 levels.
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Which industries contributed to the rise in SA's Q2 GDP growth
South Africa's economy grew by 1.2% in the second quarter, with a number of sectors contributing to the growth. Here is a breakdown of which sectors contributed to the growth:
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Stats SA: Despite growth, economy still smaller than pre-COVID levels
The entity on Tuesday reported that the economy had grown by 1.2% in the second quarter of the year.
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KZN, GP riots could shave up to 0.9 percentage point from SA's GDP
That’s according to the national treasury, which has been briefing Parliament’s select committee on finance on the impact of the violence which erupted last month after former President Jacob Zuma was jailed for contempt of court.
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Tourism council: Sisulu must deal with international inbound situation
The president moved Lindiwe Sisulu out of her position as human settlements and water minister to the tourism portfolio.
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Cosatu: Poor economic growth a reflection of govt, businesses’ slow pace
Stats SA announced today that South Africa’s economy grew by just 1.1% in the first three months of this year.
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AT A GLANCE: SA's latest quarterly GDP data
Stats SA on Tuesday released the latest gross domestic product (GDP) figures, which showed that the economy grew by 1.1% in the first three months of this year.
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BONGA MAKHANYA: Why Tito Mboweni's austerity is bad for growth
Countries should actually be spending their way out of a crisis and not tightening belts, writes Bonga Makhanya.
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MEC Nkomo-Ralehloko: Gauteng hardest hit by COVID, GDP shrinking by over R80bn
While delivering the provincial budget speech, she stated that this has seen many people lose their jobs while businesses especially small to medium enterprises had to shut down.
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Stats SA decision on annualised rate as headline rate for GDP growth welcomed
The agency faced backlash for continuing with the annualised rates since the second quarter of 2020 when the data showed the GDP had contracted in half following the initial hard lockdown.
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SA's Q4 economic growth was largely due to easing of lockdown restrictions
Stats SA said that eight industries contributed to the 1.5% economic growth rate and 6.3% annualised GDP increase.
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SA economy grew by 1.5% in fourth quarter of 2020
Stats SA announced the latest gross domestic product figures on Tuesday.
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China GDP grows at slowest pace in more than four decades in 2020
The 2.3% expansion is the lowest figure since the Chinese economy embarked on major reforms in the 1970s.
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Manufacturing production decreased by 3.5% in November – Stats SA
The decline in manufacturing production wasn’t unexpected given the difficult economic conditions that underpinned the year.
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Plans are in place but there’s 'no action' to resuscitate SA’s economy
Economist Iraj Abedian said one problem was that divisions within the governing party, the ANC, meant it could not reach agreement on what should be done.
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Economist warns it will be some time before SA economy recovers
Iraj Abedian said even if the economic recovery plan was properly implemented, it will be a long time before things are back on track.
