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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.
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Busa warns Ramaphosa of consequences of Zuma threat to defy ConCourt order
In a statement by its president, Sipho Pityana, Busa said that following Zuma's own hard-hitting stance to refuse orders from the apex court, constitutional democracy and the rule of law in the country were under severe threat.
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SA's economic recovery high on agenda of first Cabinet lekgotla of 2021
The lekgotla is held to align the programme for the whole year and to prepare for the president’s State of the Nation Address on 11 February.
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If SA needs to borrow to fund COVID-19 vaccinations, then so be it - CDE
Centre for Development and Enterprise executive director Ann Bernstein said that getting the rollout going as fast as possible was the most important issue facing the country today.
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Interest rate cuts unlikely this year, say economists
The Reserve Bank has projected two increases of 25 basis points in the second and third quarter of this year.
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Lockdown restrictions likely to mute economic growth in Q1 - Kganyago
South African Reserve Bank Governor Lesetja Kganyago said that it would take time for the country to get back to pre-pandemic output levels.
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Repo rate to remain unchanged at 3.5%
This come after the bank's Monetary Policy Committee cut the repo rate by 275 basis points last year to try and counter the effects of negative growth due to COVID-19.
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CYRIL RAMAPHOSA: We need to work together to rebuild and transform our economy
In his first weekly letter for 2021, the president said for South Africa, as for most countries around the world, the year 2021 will be extremely challenging.
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COVID-19, GBV, economic recovery and party renewal - ANC’s January 8 Statement
The ANC’s president Cyril Ramaphosa delivered the party’s January 8 Statement on Friday evening in a different style as South Africa grapples with the COVID-19 pandemic. #ANC #CyrilRamaphosa #January8
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Plans are in place but there’s 'no action' to resuscitate SA’s economy
Economist Iraj Abedian said one problem was that divisions within the governing party, the ANC, meant it could not reach agreement on what should be done.
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Economist warns it will be some time before SA economy recovers
Iraj Abedian said even if the economic recovery plan was properly implemented, it will be a long time before things are back on track.
