There are hundreds if not thousands of public servants who are facing disciplinary action - they did not benefit directly, writes Melanie Verwoerd.
Morning clouds. Mild.
The adjustment is unlikely to bring material changes to recent growth outcomes in an economy that's stuck in the longest downward cycle since 1945 and strained by political and policy instability, poor business confidence and regular electricity cuts.
With GDP for the third quarter contracting by 0.6% and private sector business performance continuing to deteriorate, Business Unity South Africa has called for government to keep its promises.
South Africa has failed to send out a message that it considers state capture to have been a near treasonous crime and that its authors, enablers and beneficiaries should not go unpunished, says Solly Moeng.
Over the past seven quarters, South Africa's the economy has contracted four times, which included falling into a recession in 2018.
Trade tensions could push the world economy to grow at its slowest pace since the financial crisis a decade ago, the IMF warned Tuesday.
Namibia’s economy will return to growth in 2020 after contracting for three straight years, but a failure to implement structural reforms could keep the southwest African nation stuck in a low-growth trap, according to the International Monetary Fund.
Economic growth in Africa’s largest oil producer slowed for the third consecutive quarter, adding further pressure on the government to fight rising poverty.
The National Treasury on Tuesday released a document titled "Economic transformation, inclusive growth, and competitiveness: towards an economic strategy for South Africa". Here are the highlights.
GDP fell by 0.2% between April and June, the worst performance for seven years.
Officials from the South African Reserve Bank have called the debate surrounding nationalising the Reserve Bank or changing its mandate "simplistic" and said shifting it to complete state ownership would be a costly endeavour with little benefit.
More expensive food, higher taxes, and a weaker rand – South African consumers had better expect economic storm clouds in 2020.
Arqaam employs about 17 people in the Johannesburg.
South Africa’s third-quarter GDP figures say it all, says Daniel Silke.
Mozambique's economy is on track for a "strong rebound" in 2020, the International Monetary Fund said on Wednesday, as it urged the government to ensure an expected gas boom benefits all citizens.
No one can predict the future. But, much like weather forecasting, past data points and patterns do provide portfolio managers with guidelines of how the future could potentially play out. And past patterns show that JSE earnings usually flourish when GDP growth does.
Investment has to grow for a couple of quarters to see it as a positive sign for the economy, one analyst said.
"Economic transformation, inclusive growth, and competitiveness: towards an economic strategy for South Africa" suggests the tourism sector can see a quick 8% to 10% uptick in business if proposed reforms are implemented.
Gross domestic product or GDP is a measure of the size and health of a country’s economy over a period of time. It is also used to compare the size of different economies at a different point in time.
If there is no load shedding in the next few quarters, the economy will likely continue to grow, says the BankservAfrica Economic Transaction Index Report, released on Wednesday.
Finance Minister Tito Mboweni is back on Twitter, saying there "should be no issues" regarding the Reserve Bank's mandate.
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