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Global Financial Crisis

Department of Finance
Cabinet Report Cards 2023
/ 22 December 2023

Department of Finance

The journey to full-blown austerity is marked by changes to an economy presided over by a government adrift

By Sarah Smit
Austerity, the NDP’s grim reaper
Business
/ 29 September 2023

Austerity, the NDP’s grim reaper

Ten years after its adoption, the government has failed to achieve the targets set out in the National Development Plan. Looming spending cuts will render the NDP even more futile

By Sarah Smit
Will SA lose its footing amid China’s great rebalancing act?
Opinion
/ 29 August 2023

Will SA lose its footing amid China’s great rebalancing act?

To realise sustainable growth, the economic superpower must change tack, and South Africa must be ready to adjust

By Sarah Smit
Will the dollar hit a Brics wall?
Business
/ 17 April 2023

Will the dollar hit a Brics wall?

The architecture of the global financial system hurts emerging market economies but the alliance has yet to offer an alternative

By Sarah Smit
Public sector crunch inflicts pain
Business
/ 11 March 2023

Public sector crunch inflicts pain

The government is walking a tightrope as civil servants embark on industrial action over pay

By Sarah Smit
Budget 2023: ‘neutral good’ versus ‘neutral evil’
Business
/ 23 February 2023

Budget 2023: ‘neutral good’ versus ‘neutral evil’

The finance minister’s commitment to toeing the line may send positive signals to ratings agencies, but at what cost?

By Sarah Smit
Bad policies scar the economy
Business
/ 1 December 2022

Bad policies scar the economy

Decisions from a decade ago have come back to haunt economies – policymakers should be vigilant

By Sarah Smit
Public sector strike will come at a cost
Business
/ 18 October 2022

Public sector strike will come at a cost

Commentators have weighed in on the Transnet strike’s economic hit, but strike season isn’t over yet

By Sarah Smit
Government stares down public wage conundrum
Business
/ 5 October 2022

Government stares down public wage conundrum

Workers are in the throes of a cost of living crisis, which could force the government to fold on its hard line against more spending

By Sarah Smit
Inflation hits 7.8% – a level not seen since the global financial crisis
Business
/ 24 August 2022

Inflation hits 7.8% – a level not seen since the global financial crisis

Labour unions have embarked on a nationwide strike over the high cost of living

By Sarah Smit
‘South Africa on a path to unjust transition’
Business
/ 11 August 2022

‘South Africa on a path to unjust transition’

The country needs a greener economy but energy specialists say policymakers must ensure the creation of a fairer economy in the process

By Sarah Smit
South Africa on weak footing amid global recession fears
Business
/ 22 June 2022

South Africa on weak footing amid global recession fears

A deep downturn is unlikely, analysts say. But, if it does happen, another recession will be even more difficult to recover from

By Sarah Smit
Rate hikes scuff gold’s pandemic polish
Business
/ 31 January 2022

Rate hikes scuff gold’s pandemic polish

Inflation fears should have inspired a run on gold, but the asset may have lost its relevance

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
Social protection policies can help to combat Covid-19, and mitigate its effects
Article
/ 23 March 2020

Social protection policies can help to combat Covid-19, and mitigate its effects

The global pandemic has highlighted the importance of national health insurance, mandatory sick leave and unemployment benefits

By Shahra Razavi
Weary world beggared by borrowing
Article
/ 16 July 2015

Weary world beggared by borrowing

About 95 countries are either in a debt crisis or facing one, but South Africa isn’t one of them.

By Staff Reporter
Jobs news — bad with SA Inc on hold
Article
/ 12 August 2011

Jobs news — bad with SA Inc on hold

The market turmoil of the past week has been a boon for 24-hour business channels, writes <b>Maya Fisher-French</b>.

By Maya Fisher French
Markets panic as Obama fails to restore confidence
Article
/ 9 August 2011

Markets panic as Obama fails to restore confidence

Efforts by world leaders to restore confidence have failed miserably as markets plunged to new lows on Tuesday, on fears of another global recession.

By William Ickes
Twilight of American century
Article
/ 27 August 2010

Twilight of American century

As deflation and depression loom, the United States could be at a historical turning point.

By Larry Elliot
No image available
Article
/ 24 June 2009

All banks on board

The financial crisis has highlighted the importance of quality bank training for staff and all levels of management.The crisis is a major wake-up call

By Johann Van Zyl
No image available
Article
/ 14 May 2009

Economy to see 2,5% growth in 2010

South Africa’s economy can look forward to growth of 2,5% in 2010, Ettienne Le Roux, senior economist at Rand Merchant Bank, said on Thursday.

By Staff Reporter
No image available
Article
/ 12 May 2009

Nissan reports first annual loss in a decade

Nissan, Japan’s third top carmaker, reported a ¥233,7-billion annual net loss, its first yearly loss in a decade.

By Staff Reporter
No image available
Article
/ 11 May 2009

Lonmin seeks $457-million after net loss

British mining group Lonmin said on Monday it was seeking -million from shareholders after suffering a first-half net loss.

By Staff Reporter
No image available
Analysis
/ 1 May 2009

Spending to save ourselves

Reaction to the global economic crisis in South Africa has been fairly low key, but is there need to worry?

By Staff Reporter
No image available
Article
/ 30 April 2009

Anglo tackles economic crunch head-on

Anglo American, one of the world’s largest mining companies, has taken proactive steps to help it over the current global economic conditions.

By Staff Reporter
No image available
Article
/ 27 April 2009

Flu fears dampen talk of tentative world recovery

Fears that any tentative green shoots in the global economy could be trampled by a deadly outbreak of swine flu put Asian markets on edge on Monday.

By Andrew Marshall
No image available
Article
/ 27 April 2009

No spring in sight

But there are some signs of ‘green shoots’, economically speaking, writes Lynley Donnelly.

By Lynley Donnelly
No image available
Article
/ 24 April 2009

Rand dips as ANC set for big win

The rand slipped against the dollar on Friday as some investors worried about the size of the ruling ANC’s huge election majority.

By Staff Reporter
No image available
Article
/ 21 April 2009

Ramos: Global recessionary conditions worse than expected

Global recessionary conditions are worse than had been anticipated, Absa’s CEO Maria Ramos said on Tuesday.

By Staff Reporter
No image available
Article
/ 19 April 2009

The big ZERO in G20

Jeffrey D Sachs and Brett House highlight the problems with aid distribution.

By Staff Reporter
No image available
Article
/ 17 April 2009

Sony Ericsson to slash 2 000 jobs after losses

Sony Ericsson on Friday said it would cut 2&nbsp;000 more jobs after it swung to a loss of &euro;293-million in the first quarter of the year.

By Staff Reporter
No image available
Article
/ 17 April 2009

BMW staff tighten their belts

The German group had €8-billion in cash at the end of 2008, when it saw profits drop to €921-million from more than €4-billion the previous year.

By David Gow
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