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SA's economy contracted by 16.4% in Q2
The data revealed that in the period, the economy generated R1,08 trillion.
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Q2 GDP figures expected to give clearer picture of COVID-19 lockdown impact
There have been varied opinions as to how much the GDP contraction will be for the second quarter.
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Rand retreats before GDP data, stocks move up
Second-quarter GDP data will be released on Tuesday, and analysts polled by Reuters are forecasting a quarter-on-quarter contraction of well over 40%.
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Steenhuisen says DA's economic justice policy will take SA forward
The DA insists that South Africa's current economic policies don’t work.
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Eskom board says it's aware of impact of load shedding on citizens & economy
Eskom on Thursday announced that it had suspended the managers of two power stations it blamed for exacerbating breakdowns leading to widespread power outages.
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Struggling entrepreneurs say loadshedding isn’t helping their businesses
Some business owners have been battling to generate an income during the lockdown and now Eskom is unable to provide an uninterrupted electricity supply.
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CT tourism sector launches recovery plan to overcome lockdown struggles
The sector was battered by the many curbs that came with the lockdown such as travel bans and the shutting down of hotels and guesthouses.
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Agriculture Dept confident sector will improve after govt eased lockdown rules
Wandile Sihlobo, the chief economist of the Agricultural Business Chamber of South Africa (Agbiz), told the Cape Town Press Club last month that high-end products such as flowers, wine, wool, and mohair were hardest hit by the lockdown.
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With borders closed, SA pins hopes on cash-strapped local tourists
SA Tourism says nearly 440,000 tourism jobs are at risk this year. The sector is expected to lose 75% of projected revenues and R80 billion in foreign receipts.
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Stats SA announces further delay in release of Q2 labour force results
This is for the second quarter of this year which was affected by the nationwide lockdown.
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Schussler: SA can expect one of worst GDP per capita declines in world
Economist Mike Schussler said South Africa should have tried to find the least disruptive solution for the COVID-19 crisis.
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Masondo: Govt faces credibility crisis over implementation of economic reforms
Deputy Finance Minister David Masondo on Wednesday said while there had been some progress in implementing crucial economic reforms, the slow pace of implementation was worrying.
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Virus means at least a 5-year hit to South Africa GDP: UN
The UNDP said GDP would decline by 7.9% this year due to the pandemic and "recover slowly through 2024", in a socio-economic impact assessment study released on Monday.
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ANALYSIS: How the lockdown has affected the health of SA’s poor
Low-income populations bear a disproportionately higher burden of poor health.
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UNDP: Effects of COVID-19 expected to increase poverty, inequality in SA
The UNDP on Wednesday presented its findings from the 'Socio-Economic Impact Assessment' report, which looked into the implications of the outbreak in society, the economy, and particularly on vulnerable groups.
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ICA appeals to insurers to include larger tourism businesses in relief payments
These claims are still the subject of court matters after insurers were reluctant to honour the policies because in their view, the damage was caused by government’s lockdown and not the actual COVID-19 pandemic.
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Eskom says constrained power system likely to last until end of the week
Eskom’s spokesperson Sikonathi Mantshantsha said that many units had broken down at several power stations.
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Unemployed graduates stage silent march at Union Buildings
On Friday they staged a silent march to the Union Buildings and handed over a memorandum of demands to officials from the office of the Presidency.
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Iconic NH Lord Charles Hotel in Somerset West set to close
The NH Hotel Group decided it would not renew its lease after carrying out a feasibility study. The group said staff would be retrenched.
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Industry players mum on reports of lifting of tobacco, alcohol sale bans
The reports cited unnamed sources and suggested South Africa could move to level 2 of the COVID-19 lockdown.
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Kganyago: SA's economic woes bigger than monetary policy
The Reserve Bank has long been under pressure to take more drastic measures to revive growth in Africa’s most advanced economy, with calls for the bank to slash lending rates and finance government through quantitative easing.
