The economy grew for the fourth consecutive quarter, but the country is playing catch-up to its peers
‘The unrest presents an untimely and negative effect on SA’s growth prospects,’ said Godongwana, adding that this could last for the next six quarters
GDP rose 1.2% in the second quarter, but future growth indicators will likely be hit by July’s looting and unrest, as well as a dip in commodity prices
Statistics South Africa has overhauled its GDP data, which now show that the economy was 11% larger in 2020 than previously estimated
Serame Taukobong says, if done right, the auction of new broadband spectrum will help level the playing field
The mining industry is riding a wave that will eventually crash, analysts warn
Higher oil prices can increase the costs of living and doing business, and South Africa’s oil imports will also likely rise in the second half of 2021, but there are a few reasons to remain positive too
It is becoming clear SA needs a BIG, as many ANC cabinet members, opposition parties and experts agree. But there is still dissent from some quarters
The finance minister extended the Ters relief and the social distress relief grant, and also ensured businesses hit by looting can access insurance
Analysts agree that economic relief for the poor is needed but are split on whether a grant should be permanent and whether it is affordable
The Thursday-night discussion was held a week after riots gripped the nation, renewing calls for a basic income grant
Last week’s violence will likely slow South Africa’s economic growth, the central bank’s monetary policy committee said on Thursday afternoon
GDP growth may be encouraging but it doesn’t mean much for SA’s millions of unemployed
The president says his surprise new energy reform plan will address the electricity crisis comprehensively
The economy is not producing work, with many young adults working outside their fields of study or considering leaving the country as a result
Lifting the cap on private power generation is aimed at ‘easing Eskom pressure’. Producers won’t need a Nersa licence, but still require other permits
There is ample evidence that trickle-down economics do not work
The government and stakeholders will have to work harder to ensure the industry adapts and thrives
The economy is still 2.7% smaller than it was in the first quarter of 2020
Countries with the biggest industrialised economies could see an average loss of 8.5% of economic value by 2050, according to an Oxfam analysis
Reserve Bank stands at the ready to act if the rise in inflation threatens to become permanent
These key indicators have been buoyed by a trade surplus and commodities boom, but will this lead to economic growth?
Low interest rates usually encourage spending, but uncertainty created by the pandemic has driven people to save their cash in hard times
South Africa is behind others on e-mobility policy. But it’s not too late
The state should focus on the stewardship of the ocean and sustainable use of its resources for economic growth and long-term jobs rather than on the fossil fuel industry
The IMF and World Bank should use the crisis to divert cash to Global South countries to ease the effects of climate change
Buying local sugar allows black farmers to sustain their own families and others
The South African Reserve Bank cautioned that if it was not for load-shedding, the country’s economy could have been stronger
But the country’s GDP growth in the fourth quarter of last year shows positive signs of recovery, at 6.3%
The finance minister has said it’s not an austerity project. But the numbers and economists disagree
The banking sector will be in a vulnerable position if the national treasury does not stabilise its debt
Government spending has reached a record 41.7% of GDP, and the budget deficit has widened from 5.7% in 2019 to an estimated 14%