Showers early. Morning clouds. Mild.
South Africans view the year ahead with some trepidation, a recent study has found.
The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of US products, defusing an 18-month row between the world's two largest economies but leaving a number of sore spots.
The drop from 6.6% growth in 2018 reflected a raft of challenges. China's birth rate and manufacturing investment also dropped to record lows.
Food, power and currency stability continue to be significant worries for the southern African country.
The rand has lost some steam since the beginning of the year. Nevertheless, the currency is holding up against the dollar, thanks to high domestic interest rates and accommodating international monetary policies.
The state has a limited capacity to create jobs - it's already regarded as being in an over-borrowed position and has a colossal monthly interest bill to pay its lenders, so it can't do much now.
The development from the December jobs report reflects the growing sectors that employ more women in an economy that's still motoring along.
In a statement Business Unity SA president Sipho Pityana says it will host the indaba to allow business to play a role in South Africa’s economic and social revival.
Zimbabwe government workers have rejected a 97% salary increment that was tabled by their employer saying the offer fell far too short of their demands.
2019 was a bad year for South Africa's economy - with contractions in the first quarter and third quarter. Advisory councils and commissions will not get us a better 2020. Only bold, unpopular decisions will get us robust growth, writes Phumlani M. Majozi.
We need a government which says what it means and does what it says, and not a government that speaks with a forked tongue where our economic policy is framed by who they are addressing, writes Herman Mashaba.
The text offered for the first time the details of what will be expected in a new chapter of relations between the two largest economies.
The banking titan also polled clients on when they expect the next US recession, and their predictions for US stocks and Fed rate cuts.
The move would be the first tangible sign of de-escalation in a trade dispute that has weighed on the world's largest economies for nearly two years.
The president is caught in a policy trap, says Daniel Silke.
If you follow three simple rules, you can ignore the rest of the world's stupidest beliefs about money, says Barry Ritholtz.
The prospect of demographic stagnation is playing a key role restraining projections of US economic growth to two percent in the 2020s.
While President Cyril Ramaphosa has repeatedly given reassurances that energy constraints are being addressed, Eskom has intermittently instituted rolling blackouts to prevent a collapse of the grid.
As the man in charge of the country's ailing economy, Finance Minister Tito Mboweni appears to be losing patience with the slow pace of economic reforms he has been pushing since he took office in 2018.
A number of key state-owned enterprises which are supposed to drive economic activity faced financial ruin, adding further strain on the ailing economy
Western CapeWest Coast PersonnelR20 000.00 - R25 000.00 Per Month
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R 18 000 000
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