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Workers assemble a vehicle at Ford's Silverton assembly plant. Picture: @FordSouthAfrica/Twitter

Sa economic growth

SA's economic outlook stable but future unpredictable - economists

By Theto Mahlakoana

Some economists contend that the main risk to growth currently was the Ukraine and Russia conflict, as it had the potential to impact global growth as well as...

  • FILE: Workers on a vehicle assembly line. Picture: @FordSouthAfrica/Twitter

    Skills targeting proposed as a medium-term remedy for economic growth in SA

    While the 2022 Budget is expected to be in unison with last year's Mid-Term Policy Statement, skills targeting has been proposed as a medium-term remedy for growth.

    85 days ago
  • FILE: Finance Minister Enoch Godongwana. Picture: @TreasuryRSA/Twitter

    Budget Speech: All eyes on Godongwana's plans to address economic growth

    Many South Africans want to hear how Finance Minister Enoch Godongwana plans on promoting economic growth, whether there will be added financial burdens by increased taxes on fuel, tobacco and alcohol and how government plans on creating an environment that promotes job creation.

    86 days ago
  • FILE: Finance Minister Enoch Godongwana. Picture: Abigail Javier/Eyewitness News.

    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 bearing on investor activity.

    230 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: AFP

    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.

    345 days ago
  • Image: © milkos/ 123rf.com

    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.

    345 days ago
  • FILE: Statistician General Risenga Maluleke. Picture: @SAgovnews/Twitter.

    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.

    436 days ago
  • Picture: Pixabay.com

    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.

    436 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: AFP

    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.

    483 days ago
  • FILE: A City of Tshwane Health official takes a nasal swab to test for the COVID-19 coronavirus on a taxi operator at the Bloed Street Mall in Pretoria Central Business District, on 11 June 2020. Picture: AFP.

    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.

    657 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter

    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.

    665 days ago
  • Picture: Supplied.

    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.

    681 days ago
  • Picture: Thomas Holder/EWN.

    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.

    708 days ago
  • 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.

    806 days ago
  • 200304recessiongif

    CARTOON: So Much for the New Dawn

    Dr Jack & Curtis.

    807 days ago
  • President Cyril Ramaphosa speaking during an engagement at Tuynhuys in Cape Town with the SA National Editors’ Forum (Sanef) and the parliamentary Press Gallery Association on 3 March 2020. Picture: @PresidencyZA/Twitter

    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.

    807 days ago
  • Pixabay.com

    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.

    807 days ago
  • President Cyril Ramaphosa speaking during an engagement at Tuynhuys in Cape Town with the SA National Editors’ Forum (Sanef) and the parliamentary Press Gallery Association on 3 March 2020. Picture: @PresidencyZA/Twitter

    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.

    807 days ago
  • FILE: Deputy President David Mabuza in Parliament. Picture: @DDMabuza/Twitter

    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.

    807 days ago
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SA Reserve Bank Governor Lesetja Kganyago. Picture: Cindy Archillies/EWN

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