for subscribers

06 Jun 2017

add bookmark

What you need to know about a recession

Lameez Omarjee

Share your Subscriber Article

You have 5 articles to share every month. Send this story to a friend!

Johannesburg – Now that the South African economy has entered into a technical recession, consumers may have to tighten their belts amid uncertainty, says an expert.

On Tuesday, the GDP growth statistics for the first quarter of 2017 revealed that the economy had shrunk 0.7%. This followed the contraction of 0.3% in 2016.

READ: SA enters recession as GDP contracts for a consecutive quarter

There’s more to this story

Subscribe to News24 and get access to our exclusive journalism and features today.

Already a subscriber? Sign in

Power stations should withstand Eloise but system is under pressure, says Eskom

25 Jan

Power stations should withstand Eloise but system is under pressure, says Eskom

Currencies Commodities Jse Indexes

ZAR/USD

15.31

(-0.63)

ZAR/GBP

20.89

(-0.35)

ZAR/EUR

18.56

(-0.44)

ZAR/AUD

11.76

(-0.18)

ZAR/JPY

0.15

(-0.59)

Gold

1856.01

(+0.04)

Silver

25.30

(-0.08)

Platinum

1084.00

(-0.82)

Brent Crude

55.72

(+0.78)

Palladium

2332.50

(+0.46)

All Share

64559.85

(+0.89)

Top 40

59408.05

(+0.89)

Financial 15

11549.82

(-1.16)

Industrial 25

88868.70

(+2.65)

Resource 10

62256.06

(-0.71)

All JSE data delayed by at least 15 minutes

Have you claimed the interest on your rental deposit?

Yes, and I've gotten it.

21% - 740 votes

No, I did not.

52% - 1833 votes

My landlord refused

28% - 977 votes

Vote

Previous Results

Covid-19 Money Hub - answering your business and money questions during the crisis

22 Jul 2020

Covid-19 Money Hub - answering your business and money questions during the crisis

MONEY CLINIC | I cannot meet my debt review obligations. What is the worst that...

14 Nov 2020

MONEY CLINIC | I cannot meet my debt review obligations. What is the worst that can happen?

Thousands of retirement fund members stand to gain as court rules on unclaimed...

09 Nov 2020

Thousands of retirement fund members stand to gain as court rules on unclaimed benefits

Investing and Behaviour: Visible vs Invisible

08 Nov 2020

Investing and Behaviour: Visible vs Invisible