Stats SA to overhaul GDP data from September

2020-01-21 10:24

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.

Another recession looming, warns BUSA, as it slams govt for 'lip service'

2019-12-04 15:15

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.

Solly Moeng: State capture was meant to be over, but we still aren't free

2019-12-04 06:01

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.

Economy shrinks by 0.6% in third quarter

2019-12-03 11:38

Over the past seven quarters, South Africa's the economy has contracted four times, which included falling into a recession in 2018.

Trade wars could slow global growth to weakest pace since financial crisis, IMF warns

2019-10-16 11:03

Trade tensions could push the world economy to grow at its slowest pace since the financial crisis a decade ago, the IMF warned Tuesday.

IMF sees Namibia growing in 2020 after three-year contraction

2019-09-14 10:00

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.

Nigeria’s GDP data raises the stakes in fight against poverty

2019-09-03 17:01

Economic growth in Africa’s largest oil producer slowed for the third consecutive quarter, adding further pressure on the government to fight rising poverty.

Government just released a plan to create 1 million jobs and save the economy – here’s what you need to know

2019-08-27 21:28

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.

The UK economy unexpectedly shrunk for the first time in 7 years — and the pound is getting clobbered

2019-08-11 12:10

GDP fell by 0.2% between April and June, the worst performance for seven years.

Nationalisation is expensive and won't solve our problems - SARB

2019-06-06 21:05

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.

 

2020: Expect more expensive food, and higher tax

2020-01-03 07:47

More expensive food, higher taxes, and a weaker rand – South African consumers had better expect economic storm clouds in 2020.

Arqaam shuts South African office as brokers pare back research

2019-12-04 09:09

Arqaam employs about 17 people in the Johannesburg.

Daniel Silke: Ramaphosa's window for reform is closing

2019-12-04 05:00

South Africa’s third-quarter GDP figures say it all, says Daniel Silke.

Mozambique economy set to bounce back in 2020 - IMF

2019-11-14 22:05

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.

The correlation between GDP growth and JSE earnings

2019-10-10 11:56

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.

SA companies are investing in the economy for the first time since 2017 - but don’t get excited yet

2019-09-12 15:42

Investment has to grow for a couple of quarters to see it as a positive sign for the economy, one analyst said.

Here’s what the Treasury says its new economic plan can do for South Africa – including R6 billion in new agricultural exports

2019-08-28 15:45

"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.

EXPLAINER: What is GDP?

2019-08-18 08:33

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.

SA's bank transactions a good sign for growth - maybe

2019-06-13 07:00

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.

'I am at ease': Mboweni throws his weight behind Ramaphosa on Reserve Bank

2019-06-06 19:03

Finance Minister Tito Mboweni is back on Twitter, saying there "should be no issues" regarding the Reserve Bank's mandate.

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