CARTOON: So Much for the New Dawn
Dr Jack & Curtis.
The recession is another setback for President Cyril Ramaphosa’s efforts to revive the economy and stave off a downgrade of the country’s sovereign debt to below investment grade by rating agency Moody’s.
President Cyril Ramaphosa said that the poor growth figures released today were not pleasing, but said that the signs that the economy was struggling were evident for some time.
South Africans will know on Tuesday whether the country has emerged from a technical recession.
The country entered into the technical recession when the economy contracted by 0.7% in the second quarter after a dismal performance in the first quarter.
Nene said on Monday that there is a significant downside risk to revenue collection due to a recession and problems in tax collection by the revenue service.
ANC President Cyril Ramaphosa says South Africa has been able to overcome its economic challenges before, and this time would be no different.
The IFP has called for a debate on the fuel price hikes, while the DA wants the economic recession to be discussed.
Personal financial advisor Warren Ingram shares advice with investors after South Africa entered into a recession.
Cyril Ramaphosa staked his reputation on economic revival when he took over in February from Jacob Zuma and investors welcomed his accession to power.
The Money Show’s Bruce Whitfield interviewed Cannon Asset Managers CEO Dr Adrian Saville about the country's recession.
The party has called for an aggressive approach in implementing a recovery plan with the country slipping into a technical recession this week.
President Cyril Ramaphosa offered assurances to an increasingly embattled country as South Africa sinks into a technical recession.
President Cyril Ramaphosa says South Africans shouldn’t be disheartened by the country’s slide into a recession.
The party's Enoch Godongwana says the latest growth figures are a call to action for all South Africans to rally behind the dismal state of the economy.
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.
Finance Minister Nhlanhla Nene says he doesn’t think that the latest figures have something to do with the current heated debate around the expropriation of land without compensation.
President Jacob Zuma says the country is being steered in the right direction out of a technical recession.