-
Economists satisfied with MTBPS but still concerned over SA's growth, debt
Finance Minister Enoch Godongwana delivered his Medium-term Budget Policy Statement (MTBPS) on Thursday, forecasting growth of 5.1% for this year.
-
MTBPS: SA economy to grow by 5.1% in 2021 & R450bn allocated to municipalities
Finance Minister Enoch Godongwana said there needs to be economic reform, but has cited better economic growth for this year with the country recovering from the effects of the COVID-19 pandemic.
-
Godongwana urged to be honest about economic problems in his maiden MTBPS
Alexander Forbes' chief economist, Isaah Mhlanga, wants Finance Minister Enoch Godongwana to tell a story of South Africa's forecast growth that was actually believable.
-
IMF revises growth forecast for SA from 4% to 5%
It's published its latest growth outlook for the world's major markets on Tuesday.
-
The IMF's growth forecast for SA compared to major economies
The updated IMF economic growth forecasts for selected countries, as released on 12 October 2021.
-
SA firms won't invest cash as long as there's heightened uncertainty - Kganyago
South African Reserve Bank Governor Lesetja Kganyago told a webinar hosted by the Centre for Development and Enterprise (CDE) on Wednesday night that there was uncertainty about policy and also the way forward with regards to COVID-19.
-
Thousands of members expected to join Cosatu's nationwide one-day strike
Workers will be protesting against corruption, retrenchments, high levels of unemployment, gender-based violence, and what they call an attack on collective bargaining.
-
Ramaphosa: More needs to be done to incorporate women into economy
In a bid to tackle inequality in key sectors of the economy, the president launched the Women Economic Assembly in Modderfontein on Wednesday.
-
From midnight on Tues, diesel drivers will have to fork out more at the pumps
The Energy Department announced this week that the cost of diesel will jump by 22.8 cents per litre as of midnight on Tuesday.
-
CYRIL RAMAPHOSA: Equality for women in SA economy not where it needs to be
As a country, we have made progress in promoting equality for women in areas like government, civil society, the administration of justice, sport and culture. Unfortunately, we haven’t made the same progress in the economy, writes the President in his weekly newsletter.
-
Gondogwana urges removal of regulatory burdens on businesses in SA
Speaking at the National Investment Dialogue on Thursday, he said the country needed to address basic issues first by removing regulatory burdens on businesses.
-
Basic salaries increased by 1.1% in Q2 - Stats SA
Statistician-General Risenga Maluleke released the results of the latest employment statistics survey for June 2021 on Tuesday.
-
Oil industry one of key drivers of economic activity in SA - study
The oil industry accounted for 3.2% of the country’s GDP in 2019, while creating a quarter of a million jobs, representing 1.5% of total employment in South Africa, a study commissioned by the South African Petroleum Industry (Sapia) showed.
-
Repo rate to remain unchanged at 3.5%
Reserve Bank Governor Lesetja Kganyago made the announcement on Thursday after a meeting of the Monetary Policy Committee.
-
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, while economic activity was back to 2017 levels.
-
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:
-
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.
-
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.
-
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.
-
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.
-
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.
