Hunger, exclusion from education and Africa’s debt is more than policy failure, inequality and poor planning, it is the theft of dignity, potential and oppression
The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy
The finance minister said the expenditure would be carried out ‘without compromising the fiscal strategy of sustainable public finances’
The monetary policy committee said it remains vigilant amid risks to inflation outlook on the global and domestic front
The minister conceded that the measure did not have support across the political spectrum
A re-think of how we live, relate to other sentient beings and consume will allow us to ‘learn, unlearn and relearn’ to convert disasters into strengths
The agriculture sector was up 17.2% and was the largest contributor to GDP growth during the period
The industry has the potential to grow if there is more investment in exploration projects
A study by the Nelson Mandela Children’s Fund says the direct cost of child poverty is estimated to be about 9% of GDP
The decision to provide a grant of R1 634, the upper bound poverty line, rests in the hands of the elite
Past summits on the economy have led to hopeful rhetoric but little meaningful action. The longer this paralysis continues, the more damaging it becomes
The region has also seen an increase in its contribution to the continent’s broader economic growth
The economy did not benefit from the suspended load-shedding initiated in early April
If it ruled, the party’s promotion of rightist free market fundamentalism would see industries such as vehicle manufacturing being destroyed
Consumer inflation has eased but is still not comfortably within the central bank’s target of 3% to 6%
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
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
The GDP decline comes despite an improvement in energy generation during the quarter, suggesting logistical constraints and interest rates are choking the economy
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
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