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  • Finance Minister Enoch Godongwana delivers his maiden Medium-term Budget Policy Statement in Parliament on 11 November 2021. Picture: GCIS.

    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.

    192 days ago
  • Finance Minister Enoch Godongwana and his team ahead of his maiden Medium-term Budget Policy Statement in Parliament on 11 November 2021. Picture: GCIS.

    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.

    193 days ago
  • New Finance Minister Enoch Godongwana at the swearing in ceremony at the Union Buildings in Pretoria on 6 August 2021. Picture: GCIS.

    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.

    194 days ago
  • FILE: A man walks past the International Monetary Fund (IMF) headquarters in Washington DC on 5 September, 2018. Picture: AFP

    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.

    223 days ago
  • imf-sajpg

    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.

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

    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.

    228 days ago
  • FILE: Striking Cosatu members in Pretoria on 7 October 2020. Picture: Abigail Javier/Eyewitness News.

    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.

    228 days ago
  • phosijpg

    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.

    229 days ago
  • Picture: Eyewitness News

    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.

    230 days ago
  • According to the World Bank, 104 countries have laws preventing women from working certain jobs, such as in manufacturing and construction. Picture: pixabay.com

    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.

    231 days ago
  • New Finance Minister Enoch Godongwana at the swearing in ceremony at the Union Buildings in Pretoria on 6 August 2021. Picture: GCIS.

    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.

    235 days ago
  • Picture: Pexels

    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.

    237 days ago
  • © arsgera/123rf.com

    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.

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

    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.

    242 days ago
  • Picture: Pixabay.com

    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.

    258 days ago
  • Picture: Abigail Javier/Eyewitness News

    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:

    258 days ago
  • FILE: Statistician-General Risenga Maluleke. Picture: GCIS

    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.

    258 days ago
  • FILE: President Cyril Ramaphosa in Parliament. Picture: GCIS

    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.

    262 days ago
  • FILE: People carry goods as they loot and vandalise the Lotsoho Mall in Katlehong township, East of Johannesburg, on 12 July 2021. Several shops are damaged and cars burnt in Johannesburg, following a night of violence. Police are on the scene trying to control further protests. It is unclear if this is linked to sporadic protests following the incarceration of former president Jacob Zuma. Picture: Phill Magakoe / AFP

    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.

    271 days ago
  • FILE: Amcu president Joseph Mathunjwa. Picture: Kayleen Morgan/Eyewitness News

    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.

    279 days ago
  • Finance Minister Tito Mboweni. Picture: @TreasurySA/Twitter

    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.

    298 days ago
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The surfside building in uMdloti, KwaZulu-Natal following heavy rain on 21 May 2022. Picture: Nhlanhla Mabaso/Eyewitness News

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