Recession
SA can emerge from recession, COVID-19 crisis, says economist
The president will spell out government's economic recovery plan in Parliament on Thursday afternoon.
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IMF warns of lasting economic damage, long climb out of recession
Growth in 2021 is expected to be slightly slower than forecast in June and even weaker in the next few years due to the lasting damage inflicted by COVID-19.
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Once-booming Franschhoek is on its knees: 'People are not eating!'
Waiters, chefs and restaurant owners in Franschhoek and elsewhere are protesting under the banner #JobsSaveLives.
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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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Global risk managers expect prolonged global recession due to COVID-19
The World Economic Forum published a report on Tuesday based on the views of 350 of the globe's top risk professionals.
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Japan slips into recession, worst yet to come as pandemic wreaks havoc
The coronavirus, which first emerged in China late last year, has ravaged the global economy as many nations went into strict lockdowns to curb the outbreak that has so far killed over 310,000 people worldwide.
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Rand tumbles as IMF stokes recession fears
The currency was 2% weaker at 18.6770 per dollar by 1500 GMT, straying back into bear market territory as investors were spooked by a dire global growth outlook from the International Monetary Fund (IMF).
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Taste Holdings to liquidate food business amid recession
Taste’s move to liquidate the business comes after South Africa entered its second recession in two years in the final quarter of last year.
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CARTOON: So Much for the New Dawn
Dr Jack & Curtis.
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Declines in transport, agri sectors contributed to economic slowdown - Stats SA
It said the country's economy slipped into a technical recession in the fourth quarter of last year, recording a 1.4% contraction.
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Brazil avoids recession with second quarter growth: official
The surprising result comes after recent efforts to revive Latin America's biggest economy as it teetered on the edge of another recession.
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Fears raised over looming global recession
The UK economy shrunk in the second quarter. Data published on Wednesday reveals Germany's economy contracted in the three months to June.
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Lagarde: 'Ramaphosa right man to lead SA to prosperity'
The International Monetary Fund (IMF) Managing Director Christine Lagarde has warned that the biggest risks facing South Africa’s economy are complacency and high expectations and slow service delivery.
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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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Economists warn UK may be hit by recession in Brexit deal
There has been a sharp decline in the value of the pound with the rand strengthening to 17.97 to sterling on Friday.
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Nene: Half of SA's stimulus plan to come from spending shift
The government has said it would also launch a R400 billion “medium-term” infrastructure fund, that would be spent over three years, Finance Minister Nhlanhla Nene noted.
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'R400bn fund to transform infrastructure projects'
The president announced government’s eagerly awaited economic stimulus package at a briefing in Pretoria on Friday.
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Ramaphosa details economic stimulus package to revive economy
President Cyril Ramaphosa says the package contains five measures to stimulate the economy.
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Ramaphosa to announce measures to stimulate economy
The latest GDP figures, released last week, show the country is in a technical recession.
