Sa recession
COVID-19 wrecks plans to reboot ailing SA economy
Development economist at the University of Stellenbosch Business School, Dr Nthabiseng Moleko, described the economy as reaching desperate times in 2020.
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Pressure on Ramaphosa to jump-start economy as SA sinks deeper into recession
The president reacted after Stats SA revealed the most recent GDP results, which showed the country had slipped deeper into recession during the nationwide lockdown.
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CARTOON: What Next?
By Dr Jack & Curtis.
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Mboweni optimistic of rapid upswing in economic growth after deep recession
Finance Minister Tito Mboweni doesn't doubt that COVID-19 would further deepen the country's economic downturn.
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Rand falls as economy faces deep recession
The central bank projects that the economy will contract 6.1% in 2020, while the International Monetary Fund forecasts a 5.8% dip.
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SA's technical recession explained in 120 seconds
South Africa’s gross domestic product (GDP) has expectedly contracted by 1.4% in the fourth quarter of 2019, pushing the country into a technical recession, Statistics SA announced on Tuesday. This is the second consecutive drop after the economy failed to show any signs of positive growth in the quarter before, making it a technical recession. A full recession refers to two quarters of recession, combined with a year-on-year decline GDP.
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SA’s shrinking economy needs urgent intervention, says Cosatu
The trade union federation was among a range of organisations and lobby groups making submissions at Parliament during public hearings on the budget.
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Proposed wage bill cut could adversely affect the economy, says analyst
The country’s economy slipped into a technical recession after a decline in GDP of 1.4% in the fourth quarter of last year. Overall growth for 2019 was dismal at just 0.2%.
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Ramaphosa: SA will be affected by the coronavirus
President Cyril Ramaphosa has warned that the underlying weakness in South Africa's economy could be further aggravated by global economic uncertainty amid the spread of the coronavirus.
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Eskom’s inability to provide electricity may lead to recession - Ramaphosa
Mines and other big businesses had to suspend operations this week, following Eskom's implementation of stage 6 load shedding, with economists warning of dire consequences for the country's GDP.
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Security companies offer safety tips amid load shedding
Director of Excellerate Services Security Gary Tintinger said there had been a spike in reported criminal incidents over the last few days.
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[WATCH LIVE] Kganyago, Lagarde briefing on SA economy
IMF managing director Christine Lagarde and Reserve Bank Governor Lesetja Kganyago had a meeting where they discussed this country’s economic situation.
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South Africans warned to spend wisely in wake of fuel price drop, Q3 growth
Stats SA on Tuesday announced a 2.2% increase in the third quarter Gross Domestic Product.
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Stats SA: Growth in agriculture sector helps get SA out of recession
Statistics South Africa (Stats SA) says gross domestic product (GDP) for the third quarter expanded by 2.2% quarter on quarter.
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SA records third quarter GDP of 2.2%, lifting country out of recession
South Africa suffered two successive quarters of negative growth - and the third-quarter numbers are a welcome relief for the country.
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Treasury: Recession, falling revenue dent SA’s public finances
DG Dondo Mogajane said Treasury was preparing to implement structural and regulatory reforms to enhance growth.
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Pick n Pay H1 profit jumps 19% as price cuts lure buyers
The country’s second-biggest grocery store chain reported profit before tax of R670.2 million for the six months ended August, compared with R562.8 million same period last year on a normalised basis.
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[LISTEN] Mboweni to have positive effect on economy. Here's why
Victoria Reuvers, a senior investment consultant at Morningstar Investment Management, says the appointment of Mboweni is a positive move for the country and its economy and will have a great effect on the state of the market.
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[LISTEN] Analysts: Mboweni’s appointment a positive step for economy
Political analyst Somadoda Fikeni says the appointment of Tito Mboweni as Finance Minister is a positive step for the economy.
