South africa recession
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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[LISTEN] How to keep your wealth from waning during a recession
Personal financial advisor Warren Ingram shares advice with investors after South Africa entered into a recession.
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Rand in recovery mode as recession shock eases
After second quarter gross domestic product data on Tuesday showing the economy had shrunk 0.7% knocked more than 4% off the rand, it has steadied, triggering some short-covering as sellers looked to close positions.
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Mabuza: 5 cents petrol price hike a temporary reprieve
The projected 25 cents increase in the fuel price has been cushioned through the government’s Energy slate account that is normally reserved for fluctuations and to balance out erratic price movements.
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'Ramaphosa to announce govt’s proposed economic stimulus plan'
Minister Nomvula Mokonyane suggested government’s economic stimulus package will address the current challenges but did not say when it would be announced.
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[LISTEN] 5 ways to cope with a recession
The Money Show’s Bruce Whitfield interviewed Cannon Asset Managers CEO Dr Adrian Saville about the country's recession.
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Moody's predicts minimal growth after SA slides into recession
The ratings agency says the country's weaker-than-expected economic performance will exacerbate fiscal and monetary challenges.
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Rand weakens further ahead of current account data
The rand is down nearly 4% since Tuesday’s GDP release and is seen by analysts testing the R16.00 mark amid continued local and global pressures.
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Countries go through cycles, Ramaphosa says of SA recession
President Cyril Ramaphosa offered assurances to an increasingly embattled country as South Africa sinks into a technical recession.
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ANC looking to state, business and labour to pull SA out of recession
Chairperson Enoch Godongwana says industry players need to work together to lift the country out of the slump.
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Patel: Govt working on plan to move SA out of recession
The country slipped into a technical recession on Tuesday as figures for the second quarter of the year showed there was a contraction of 0.7%.
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Nene: South Africans must not panic over slide into recession
Finance Minister Nhlanhla Nene said he doesn’t think that the latest figures have something to do with the debate around land expropriation but says government can’t deny that the VAT increase and fuel price hikes have had an impact on the numbers.
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SA is far from achieving its growth target - Gigaba
Finance Minister Malusi Gigaba has warned South Africa faces tough budget decisions this year as the country has entered its first recession since 2009.
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Consumer Confidence Index confirms SA economy struggling
This has been attributed, in part, to the credit rating downgrades and the recession.
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SA supermarket giants in fine food fight
In a bid to retain its leading industry position, Shoprite’s new boss is driving hard into the upmarket, higher-margin niche dominated by rival Woolworths.
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[LISTEN] What impact will the recession have on you?
Stats SA's latest GDP figures show that the country has entered a technical recession, with growth contracting in two consecutive quarters.
