Shoprite, Checkers supplier recalls 400g of pilchards in tomato sauce products
Local
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Foreigners dump nearly $10 bln of South African assets in 2019
Weak company profits, a dire economic outlook and rising chances the country will lose its last investment-grade credit rating have sent jitters through markets.
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Business confidence the missing link to ease SA’s economic woes - economists
On Tuesday, Statistics SA announced GDP in the third quarter shrank by 0.6%.
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Rand dips before GDP data
Almost two years after taking office, President Cyril Ramaphosa has struggled to get Africa’s most industrialised economy firing on all cylinders.
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Rand flat ahead of GDP figures
A Reuters poll of economists and analysts sees quarter-on-quarter expansion at 0.1% from 3.1% previously, while year-on-year growth is forecast at only 0.4%.
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Despite SA’s bleak economy, WC economy expected to grow by 0.7%
Finance MEC David Maynier said in his Medium-Term Budget that the agricultural and financial services sectors are expected to support growth in the Western Cape.
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Unicef: Billions spent on SA govt debt will hurt children’s programmes
Unicef’s South African representatives on Friday made submissions to Parliament, which held public hearings on the 2019 Adjustments Appropriation Bill and Medium-Term Budget Policy Statement.
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SA business confidence on the up after 2 years of decline
The survey comes after the IMF's warning on the country's fiscal position and ratings agency S&P Global downgrading its outlook to negative.
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Zimbabwe senior doctors stop work as public hospital strike spreads
The strike by junior and middle-level doctors has paralysed state hospitals, used by Zimbabwe’s poor majority.
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IMF: SA needs a more decisive approach to turn its economy around
The IMF has now joined ratings agencies in expressing concern about the country's overall economic growth, citing immediate concerns.
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Rand rises on S&P ratings reprieve
The rand was 0.41% firmer at 14.6750 per dollar by 0620 GMT, compared with an opening level of 14.7300, boosted by optimism about the high carry trade on offer.
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Inflation slows to 8-year low, putting rates cuts back in picture
Headline consumer inflation slowed to 3.7% year-on-year in October from 4.1% in September while monthly price growth was flat at 0%.
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FACT CHECK: President Ramaphosa’s claims about progress in SA since 1994
Africa Check takes a closer look at five claims made by President Cyril Ramaphosa about South African government achievements since 1994.
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Sacci: SA needs more than R3bn in investment to reach sufficient economic growth
Over R3 billion in investment commitments was raised over the course of the three-day investment conference this week.
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Ramaphosa calls for upscaling of SMMEs to diversify SA economy
President Cyril Ramaphosa said that small enterprises presented the greatest potential to the growth of the economy but were often overlooked when it came to both government planning and investment.
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Billions in investments flow in to improve SA’s economy
The gathering is part of President Cyril Ramaphosa's investment drive to raise R1.2 trillion to improve the country's low economic growth and deal with the 29.1% unemployment rate.
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Ramaphosa: SA a viable, profitable investment destination
President Cyril Ramaphosa said that South Africa's capacity was in the form of its people, natural & mineral resources, world-class infrastructure and a well-regulated financial and banking sector among other things.
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Investment conference no gimmick, says Ramaphosa
President Cyril Ramaphosa described as 'gratifying' to witness the commitments of the inaugural conference materialising in the form of new factories, production lines, services, products and jobs.
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FCC warns that tax hikes could lead to increased tax evasion
The Financial and Fiscal Commission told Parliament that increased taxes were most likely to hobble an already limping economy and also impact on revenue collection as consumers were forced to rein in their spending.
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Ramaphosa seeks to bring in R3 trillion at investment conference
The president has appointed a special envoy for this very purpose, maintaining that despite its many economic and labour market challenges, the country remained a viable investment destination.
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Parly told govt must implement turnaround plans to save SA’s economy
With the weak economy and a dwindling tax base, the FFC said there was little option but to reprioritise spending and achieve fiscal consolidation through restructuring and better governance.
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Govt urged to act decisively on SA's grim economic outlook
On Friday, ratings agency Moody's kept the country one notch above investment grade but has changed the outlook from stable to negative.
