Sa economic growth
Minister Godongwana says crime is threatening economic growth
Minister Enoch Godongwana said he had a meeting with the police minister recently where he expressed his concern about criminality saying this had a direct...
-
Cosatu urges Sarb to lower repo rate to help struggling consumers, businesses
Cosatu wants the South African Reserve Bank (Sarb) to further lower the repo rate by 50 basis points when its monetary policy committee next meets, and for commercial banks to “come to the party” in helping make credit affordable.
-
SA economy grew by 1.1% in Q1 of 2021 - Stats SA
Stats SA said that the finance, mining and trade sectors were the main drivers on the production side of the economy, while household spending and changes in inventories helped spur growth on the demand side.
-
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.
-
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.
-
Lockdown restrictions likely to mute economic growth in Q1 - Kganyago
South African Reserve Bank Governor Lesetja Kganyago said that it would take time for the country to get back to pre-pandemic output levels.
-
SA economy could contract 8.2% if second COVID-19 wave hits - OECD
President Cyril Ramaphosa’s government has promised to fast-track reforms to raise economic growth potential, but some investors are becoming restless about the pace of change.
-
Reserve Bank: Return of foreign investors not enough to boost economic growth
On Thursday, the Reserve Bank governor announced that the repo rate was being lowered by 25 basis points.
-
South Africa faces battle to rein in spending - Fitch
Ratings agency Fitch said the country had a poor track record of delivering debt and spending cuts.
-
SA business confidence hits record low as lockdown batters economy: survey
The RMB business confidence index was at 5 points for the second quarter, the lowest level since the first survey in 1975 and down from 18 points for the first quarter.
-
SA's technical recession explained in 120 seconds
South Africa’s gross domestic product (GDP) has expectedly contracted by 1.4% in the fourth quarter of 2019, pushing the country into a technical recession, Statistics SA announced on Tuesday. This is the second consecutive drop after the economy failed to show any signs of positive growth in the quarter before, making it a technical recession. A full recession refers to two quarters of recession, combined with a year-on-year decline GDP.
-
CARTOON: So Much for the New Dawn
Dr Jack & Curtis.
-
Ramaphosa: SA will be affected by the coronavirus
President Cyril Ramaphosa has warned that the underlying weakness in South Africa's economy could be further aggravated by global economic uncertainty amid the spread of the coronavirus.
-
Rand falls as economy slips into recession
The recession is another setback for President Cyril Ramaphosa’s efforts to revive the economy and stave off a downgrade of the country’s sovereign debt to below investment grade by rating agency Moody’s.
-
SA entering technical recession again not a surprise, says Ramaphosa
President Cyril Ramaphosa said that the poor growth figures released today were not pleasing, but said that the signs that the economy was struggling were evident for some time.
-
Mabuza: Eskom's generation problems constraining SA's development
Deputy President Davi Mabuza's comments about Eskom failing the economy come shortly after Stats SA released figures effectively placing the country in a technical recession.
-
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.
-
SA's economic growth stuck in low gear - Moody's
It's revised this year's forecast to 0.7% and 0.9% for next year and said it had a number of concerns.
-
Moody's puts SA's economic growth at 0.7% this year, blames load shedding
The country continues to be hit by load shedding with businesses complaining about lost productivity.
