The one positive of this, even if some of it is depressing, is that there'll be life on the other side, writes Adriaan Basson.
The South African economy will feel the impact of the coronavirus significantly because it was already dealing with its own internal crisis, including a "celling" on the rate at which it can grow because of electricity supply interruptions, Efficient Group chief economist Dawie Roodt said on Tuesday.
Ratings agency Moody's has cut the growth forecasts for G-20 countries for the first half of 2020, given the impact of the coronavirus which is slowing business and consumer activity.
A downgrade by Moody's is inevitable unless quick action is taken, says Thabi Leoka.
"We have trade tensions, we have other geopolitical forces, we have all these uncertainties around the world."
President Cyril Ramaphosa is on a mission to encourage more investment in SA as a means to boost economic growth.
We should not let ourselves be distracted by a quarter-on-quarter economic revival, says Daniel Silke.
It also says banks should be made to ensure switching is not punitive and that big retailers should lose the right to exclusive leases, says Ferial Haffajee.
If SA were a business, its leadership would have been axed, says Solly Moeng.
222 films were released in 2017, of which a meagre 23 originated locally, and they contributed R12.2bn directly and indirectly to the GDP of the country, says Sifiso Skenjana.
An economy in tatters. But executive vice president of Sage Africa and the Middle East says his company has been enjoying healthy growth locally as they help companies reach better efficiencies.
The coronavirus could chip away as much as 0.3% from global GDP, which would bring annual growth to its slowest pace since the financial crisis.
The JSE traded mostly flat on Thursday before it closed softer as stocks struggled for direction.
Trade tensions could push the world economy to grow at its slowest pace since the financial crisis a decade ago, the IMF warned Tuesday.
Cell C's fair value cut to zero.
The Treasury report includes interventions and reforms aimed at reversing the country's downward trend of economic growth, boosting GDP growth and creating jobs .
South Africa could dispose of some of Eskom's coal-fired plants and allow households to sell electricity back into the grid as part of a restructuring of the state-owned power utility, according to Treasury's latest policy paper.
Workers should be allowed to offer their services cheaply if it means they can get jobs, say David Ansara and Hermann Pretorius.
SA's low levels of growth and investment are the result of an inhibiting policy environment, and it is up to President Cyril Ramaphosa to drive the reforms necessary to remove obstacles to growth, says David Ansara.
Growth in global financial wealth was at its lowest in five years in 2018, according to a new report, but Africa was among the regions that bucked the trend.
Cape TownLiberty Financial Advisers
Cape TownTumaini ConsultingR600 000.00 - R800 000.00 Per Year
R 3 700 000
R 2 950 000
Apartments / Flats
R 9 950 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.