Public, private partnerships and adopting advanced technology will help in this regard
The transport and mining industries were the key contributors to fourth quarter GDP growth
China’s contribution to world economic growth surpasses that of the Americas, Europe and Japan combined, according to the World Bank
Last year was dismal on a number of fronts. And although things probably won’t get exponentially better, there is some hope on the horizon
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The business community initially welcomed him. But the past five years have disappointed — and the private sector has only recently been given a turn at the economy’s steering wheel
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The GDP decline comes despite an improvement in energy generation during the quarter, suggesting logistical constraints and interest rates are choking the economy
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The world is changing and alliances shifting which presents opportunities for the continent if the citizenry is engaged
The real issue is that the February 2023 budget was the least credible assessment of the country’s finances since 1994
However, Electricity Minister Kgosientsho Ramokgopa believes green hydrogen technology still needs to mature.
A review of the NDP notes that the economy has not performed adequately to rid the country of poverty, inequality and unemployment by 2030
The improvement in confidence was helped by the change in attitude of affluent consumers, who were spooked by severe load-shedding and the Russian cargo ship debacle in the previous quarter
A boost to manufacturing and agriculture’s rebound has seen the country’s GDP expand 0.6% quarter-on-quarter
There are no capitalist witches controlling policymakers to keep people poor. Politicians are responsible for a stuck economy
Structural reforms are often offered as the solution to South Africa’s growth problem, but we should be wary when they are code for privatisation
The country’s economy expanded 0.4% in the first quarter, but analysts warn not to expect growth or recovery anytime soon
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The first quarter growth has put the country’s GDP at just above its pre-pandemic level
We live in a system doing the exact opposite of what it was designed for
Governor Lesetja Kganyago underlined the deleterious effect of inflation, which the monetary policy committee has revised higher, on the pockets of the poor
As consumers and businesses reel from tough conditions, insurers have expressed uncertainty over whether there is room for growth
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As the deteriorating economic conditions threaten to ignite another bout of social upheaval, we should consider our options for a co-ordinated blaze
Data released this week gave credence to the view that South Africa may be headed for another technical recession
There are positives and negatives to the AI revolution, but African states first need reliable power and connectivity to reap the benefits
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Decline in the country’s GDP – largely due to record-levels of load-shedding – puts the size of the economy back below pre-pandemic levels
The government has struggled to claw back business confidence after the state capture years.
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The country’s energy crisis stands to shave two percentage points off growth in 2023
Other factors are inflation and interest rate hikes while load-shedding has affected key sectors
The country must focus on increasing the use of existing production capacity and subsidising new and emerging industries
Implementing the country’s many masterplans demands capacity and focus from a department that has been pulled in different directions
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There is much to suggest that global economic disaster is not assured, or even likely, in the near future
With the economy in crisis, worsened by load-shedding, the fiscus must be more responsive
Growth in the third quarter is encouraging, but analysts have cautioned against viewing the data as a sign of the economy’s improved health
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Analysts were expecting far more modest GDP growth, considering the mixed bag of economic data for the third quarter