Sa economy
CYRIL RAMAPHOSA: We need to put the SA economy on a different growth path
In his weekly newsletter, the president said that because of what we had lost due to the coronavirus pandemic, the country needed to forge a new economy in a...
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New Development Bank approves $1bn loan to SA to help recover from COVID
This comes as the country battles record unemployment of around 32.5%.
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Ramaphosa says more needs to be done to achieve gender equity
Ramaphosa said women had consistently shown that if given the opportunity, they could play an important role in the country’s development.
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Magashule wants SA’s economy placed in the hands of black majority
Magashule was in Soweto leading Gauteng’s celebrations on the life and times of struggle icon Charlotte Maxeke.
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Hits, misses & own goals: Analysts reflect on a year of SA dealing with COVID
This week marks the first anniversary of the lockdown, which saw the president shutting the country's borders, schools and most economic activity only permitting essential services to operate.
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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 real GDP decreased by 7% in 2020, according to Stats SA data
The indicators accompanied the release of the fourth-quarter GDP data, with an increase of 1.5% in the fourth quarter of last year.
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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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ANALYSIS: Granular understanding of joblessness in SA can help pinpoint policies
Joblessness has become a fixture of the South African economy. Understanding the patterns of who is out of work and for how long is key to designing policies to address the problem.
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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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SA’s SMMEs to be bolstered by R200bn recovery fund
President Cyril Ramaphosa emphasised that the intention of a R200 billion recovery fund was geared towards assisting small, medium and micro enterprises in South Africa as the economy looks to recover. Ramaphosa was addressing the Department of Small Business Development's presidential engagement with SMMEs and co-operatives on 25 February in a virtual briefing. #SMMEs #CyrilRamaphosa #EconomicRecovery
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Tito Mboweni on SA economy: There are reasons to be hopeful
Delivering his 2021 Budget Speech, Finance Minister Tito Mboweni said the country was not without hope and one of the reasons was a much-improved economic outlook.
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Economists seeking evidence of fiscal consolidation, minimising debt in Budget
Finance Minister Tito Mboweni will deliver a difficult budget in Parliament this afternoon against the backdrop of an economy battered by COVID-19 and lockdowns and a day after unemployment figures revealed a rising number of jobless.
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Concerns over SA's fiscal cliff raised ahead of Mboweni's Budget speech
The fiscal cliff study group first warned of the danger several years ago. It defines the fiscal cliff as the point that is reached when public servants’ wages, social grant payments and debt-service costs soak up all government revenue.
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Ramaphosa urges SA not to see 'glass half-empty' on economic recovery
Replying to the debate on his State of the Nation Address, Cyril Ramaphosa urged South Africans not to see the glass half-empty, saying concrete progress was being made in getting the economy back on track.
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Saftu accuses employers of using pandemic as excuse to cut workers’ pay
The federation said this was one of the issues it would be protesting against when it embarked on a general strike next Wednesday.
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Job creation must top Ramaphosa’s Sona priority list – Godongwana
ANC head of economic transformation Enoch Gondongwana said he expected government to prioritise the vaccine roll-out programme, but that it must also prioritise programmes with higher employment outcomes.
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JUDITH FEBRUARY: This is what we need to hear from President Ramaphosa’s Sona
While we all know that there is no proverbial silver bullet to our multiple crises, President Ramaphosa simply cannot come before Parliament with a repeat of what he has said in the past.
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Patel: Several govt initiatives under way to focus more on local trade
Trade, Industry and Competition Minister Ebrahim Patel said that government was doing its best to build and stimulate growth for local companies amid the COVID-19 pandemic, which had brought the global markets to their knees.
