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GDP

African innovation in technology can spark an economic boom
Opinion
/ 8 July 2022

African innovation in technology can spark an economic boom

The continent’s tech must take centre stage and show the world what we have to offer

By Sam Clarke
A year after the riots, South Africa is a tinderbox waiting to be lit
Business
/ 1 July 2022

A year after the riots, South Africa is a tinderbox waiting to be lit

Some of the conditions in which the July unrest occurred have abated but others, such as the spiralling cost of living, have worsened

By Sarah Smit
GDP stats: Economy grows to pre-pandemic levels
Business
/ 7 June 2022

GDP stats: Economy grows to pre-pandemic levels

The first-quarter economic growth was attributed to growth in eight industries, according to Statistics SA’s data

By Anathi Madubela
Unemployment rate retreats to 34.5%
Business
/ 31 May 2022

Unemployment rate retreats to 34.5%

But forecasters are expecting the jobless rate to stay elevated, as load-shedding and inflation take their toll

By Sarah Smit
Rand offers cold comfort amid global inflation storm
Business
/ 5 May 2022

Rand offers cold comfort amid global inflation storm

The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression

By Sarah Smit
EXPLAINER: Why are central banks worried about inflation?
Business
/ 25 April 2022

EXPLAINER: Why are central banks worried about inflation?

High prices have been more stubborn than previously expected, forcing monetary policymakers to react

By Sarah Smit
Jobless crisis: 35 in 100 are out of work
Business
/ 1 April 2022

Jobless crisis: 35 in 100 are out of work

It’s not sustainable for every employed person to support three others, analysts say

By Anathi Madubela
Government data must stay in South Africa, says state technology executive
National
/ 28 March 2022

Government data must stay in South Africa, says state technology executive

Data sovereignty is a key priority for governments and other entities as they migrate to public cloud services

By Sarah Smit
‘SA is heading towards another lost decade’
Business
/ 10 March 2022

‘SA is heading towards another lost decade’

Last month’s budget was positive about the trajectory of the economy but near-term growth projection are only slightly higher than during South Africa’s darkest years

By Sarah Smit
SA’s economy is still 1.8% smaller than before Covid-19
Business
/ 8 March 2022

SA’s economy is still 1.8% smaller than before Covid-19

The country’s economy shrank by 6.4% in 2020 but real GDP increased by 4.9% in 2021

By Sarah Smit
A BIG deal: Universal income support could resuscitate South Africa’s economy — report
Business
/ 28 January 2022

A BIG deal: Universal income support could resuscitate South Africa’s economy — report

A basic income grant could add 0.5% to GDP growth by 2025, according to a report commissioned by the National Economic Development and Labour Council.

By Sarah Smit
Reserve Bank lifts rates again as high inflation takes its toll
Business
/ 27 January 2022

Reserve Bank lifts rates again as high inflation takes its toll

The monetary policy committee has voted to lift the repo rate by another 25 basis points as advanced economies mull policy tightening

By Sarah Smit
2022: A return to normality or more economic uncertainty?
Business
/ 5 January 2022

2022: A return to normality or more economic uncertainty?

Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track

By Sarah Smit
South Africa’s growing social unrest proving as big a threat to growth
Business
/ 8 December 2021

South Africa’s growing social unrest proving as big a threat to growth

Third quarter GDP numbers have interrupted a four quarter economic growth streak because of the July unrest.

By Anathi Madubela
July protests take their toll as economy shrinks by 1.5%
Business
/ 7 December 2021

July protests take their toll as economy shrinks by 1.5%

The largest drops in the third quarter were in the agriculture sector, trade and manufacturing.

By Anathi Madubela
As Reserve Bank eyes inflation, jobs suffer
Business
/ 27 November 2021

As Reserve Bank eyes inflation, jobs suffer

The central bank has been criticised for hiking interest rates to the detriment of employment

By Sarah Smit
‘Explosive’ jobs crisis imperils South Africa
Business
/ 26 November 2021

‘Explosive’ jobs crisis imperils South Africa

Experts’ strategies for fixing the unemployment crisis range from devaluing the rand to a universal income grant or accepting debt from loans

By Sarah Smit
Godongwana holds off on basic income grant decision, closes taps to state enterprises
Business
/ 11 November 2021

Godongwana holds off on basic income grant decision, closes taps to state enterprises

Godongwana warns that the outer limits of the budget are non-negotiable as a debt cliff loomed

By Emsie Ferreira and Anathi Madubela
Godongwana tackles debt using tax revenues from commodity surge
Business
/ 11 November 2021

Godongwana tackles debt using tax revenues from commodity surge

The Covid-19 pandemic led to an unprecedented widening of the budget deficit and a spike in debt stock but a commodity price surge gave the treasury room to breathe.

By Anathi Madubela
Medium-term Budget: Economic growth prospects remain bleak
Business
/ 11 November 2021

Medium-term Budget: Economic growth prospects remain bleak

Inadequate electricity supply and the effects of the Covid-19 pandemic remain a binding constraint on economic recovery in the near term, says the treasury

By Anathi Madubela
DA does not support permanent expansion of grants, for now
Business
/ 10 November 2021

DA does not support permanent expansion of grants, for now

The Democratic Alliance tabled its ‘alternative’ medium-term budget with its own projections, ahead of Finance Minister Enoch Godongwane’s maiden budget on Thursday

By Anathi Madubela
Covid-19 reveals cracks in the ‘care economy’
Opinion
/ 22 October 2021

Covid-19 reveals cracks in the ‘care economy’

Unpaid labour, primarily done by women, played an essential role in sustaining society during the pandemic – now policymakers must give this work its proper due

By Mercedes D’Alessandro and Maria S Floro
Hawkish Reserve Bank sees South Africa edge towards a rates hike
Business
/ 21 October 2021

Hawkish Reserve Bank sees South Africa edge towards a rates hike

Analysts say the Reserve Bank could start tightening monetary policy as early as next month

By Sarah Smit
A bigger slice of the pie: Retailers find ways to cash in on township economy
Business
/ 16 October 2021

A bigger slice of the pie: Retailers find ways to cash in on township economy

The South African informal economy market is much sought-after, with the big, formal-sector supermarkets all looking to grow their share

By Anathi Madubela
Income grant: Big bang for a few rand
Opinion
/ 9 October 2021

Income grant: Big bang for a few rand

Corporate South Africa is rolling out the big guns to spike momentum towards a universal basic income grant that threatens to expose their sick graveyard economy

By Guy Oliver
SA one of the biggest spenders on social assistance globally — World Bank
Business
/ 7 October 2021

SA one of the biggest spenders on social assistance globally — World Bank

Social grants are by far the largest facet of South Africa’s social protection system in terms of the number of people covered, according to the World Bank

By Anathi Madubela
Social welfare: Investment not debt, taxation and consumption
Opinion
/ 5 October 2021

Social welfare: Investment not debt, taxation and consumption

A rebuttal to Colin Coleman’s remarks at the National Investment Dialogue suggests South Africa certainly has a debt problem

By Isaah Mhlanga
Despite inflation risks, the monetary policy committee keeps rates on hold
Business
/ 23 September 2021

Despite inflation risks, the monetary policy committee keeps rates on hold

Inflation rose well beyond the Reserve Bank’s midpoint target in August

By Sarah Smit
With its industrial base decimated, SA’s economy needs real change — Godongwana
Business
/ 21 September 2021

With its industrial base decimated, SA’s economy needs real change — Godongwana

Speaking at a book launch on Tuesday, the finance minister said a focus on manufacturing is critical to stem the country’s deepening unemployment crisis

By Sarah Smit
Vax passports: Business takes cues from government
Business
/ 12 September 2021

Vax passports: Business takes cues from government

The private sector, labour and government have been thrashing out ways to increase vaccinations and to restart the economy

By Sarah Smit
Tourism, hospitality and restaurant sectors welcome vaccine passports
Business
/ 12 September 2021

Tourism, hospitality and restaurant sectors welcome vaccine passports

Vaccine passports prove to be a contentious issue for tourism, hospitality and restaurant sectors as some welcome them and some have fears of placing another hurdle ahead of economic growth

By Anathi Madubela
South Africa’s recovery lags behind emerging market peers Mexico, India
Business
/ 10 September 2021

South Africa’s recovery lags behind emerging market peers Mexico, India

The economy grew for the fourth consecutive quarter, but the country is playing catch-up to its peers

By Sarah Smit
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