Sa economy
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,...
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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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Ramaphosa facing questions on economy, Marikana, civil unrest in Parly session
The president can expect more probing questions on the underlying racial tensions in the country and what measures are in place to advance nation-building.
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Economic recovery from July riots could take 2 years, Treasury tells MPs
Treasury official Duncan Pieterse cited a range of research findings, including literature, suggesting that the effects of such a shock to the economy could be felt for up to six quarters – that’s 18 months – if not longer.
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Amcu warns of Marikana repeat if SA's economic policies not reformed
Monday, 16 August marked exactly nine years since 34 miners were shot dead by police in Rustenburg.
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Mboweni: Better GDP growth means higher tax revenues
Finance Minister Tito Mboweni said that the government was concentrating its efforts on better GDP for a reason.
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Kganyago: National security must be insured to bring back investor confidence
Reserve Bank Governor Kganyago said that the country should return to pre-COVID-19 GDP levels by 2023 but there was a general consensus that the events of the past few weeks could not be repeated.
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Kganyago expects economy to return to pre-COVID levels 'somewhere in 2023'
South African Reserve Bank Governor Lesetja Kganyago also said that the effects of the looting would be felt for some time.
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Can SA handle an extension of level 4 lockdown? Expert says it may come
The latest lockdown regulations are likely to remain in place, according to the Bureau for Economic Research (BER).
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FULL SPEECH: President Ramaphosa announces plan to tackle SA’s energy security
In an address on Thursday, President Ramaphosa announced an amendment to schedule two of the Electricity Regulation Act, which would mimimise the red tape for independent power producers.
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Ramaphosa eases red tape for independent power providers to generate power
President Cyril Ramaphosa announced that government would amend schedule two of the Electricity Regulation Act to raise the exemption threshold from 1 megawatt to 100 megawatts.
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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.
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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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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.
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DA’s Hill-Lewis: SA is a kleptocratic state failing to recover economy
Hill-Lewis, who was speaking at the Black Business Council's 2021 Summit on Thursday morning, said almost everyone in the country agreed on areas that required reform but that this had been hampered by slow progress.
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Ramaphosa: Govt’s focus on economic reforms beginning to pay off
Replying to the debate on the Presidency’s budget vote in the National Assembly on Thursday afternoon, Ramaphosa cited a string of indicators that show signs of a rebound in the economy, which was already in trouble before being ravaged by the COVID-19 pandemic.
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A breakdown of SA's latest unemployment figures
Stats SA said that the number of employed people in the country remained almost unchanged at 15 million between the fourth quarter of 2020 and the first quarter of 2021. The official unemployment rate increased slightly to 32.6% in the first quarter of 2021.
