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Global Recession

New Zealand PM Jacinda Ardern announces shock resignation
Top Six
/ 19 January 2023

New Zealand PM Jacinda Ardern announces shock resignation

At her peak she was a domestic force, but her government has been steadily sliding in the polls over the last year

By Chris Foley
Rate hikes are the wrong medicine
Opinion
/ 3 October 2022

Rate hikes are the wrong medicine

The government should rather consider a targeted approach to reducing inflation

By Duma Gqubule
Editorial: South Africa’s inertia on finding solution to Eskom will bite even more
Editorial
/ 8 September 2022

Editorial: South Africa’s inertia on finding solution to Eskom will bite even more

Solving our electricity crisis is set to become more difficult as the world now faces power shortages. We aren’t the only game in town

By Editorial
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
Macroeconomic policy options beyond Covid-19 depression
Coronavirus
/ 7 May 2020

Macroeconomic policy options beyond Covid-19 depression

Measures need to lay the foundations of a new economy and society post the pandemic

By Alexis Habiyaremye, Peter Jacobs, Pelontle Lekomanyane and Olebogeng Molewa
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
HSBC boss in shock exit as bank warns of ‘challenging’ times
Article
/ 5 August 2019

HSBC boss in shock exit as bank warns of ‘challenging’ times

Monday’s surprise news came shortly before HSBC reported first-half net profit up 18.6% at $8.5-billion from a year earlier.

By Roland Jackson
What 10 years post-2008 tell us
Article
/ 14 September 2018

What 10 years post-2008 tell us

Global growth has been surprisingly strong, but the surge in buybacks is limiting expenditure and could cause more political turmoil

By Staff Reporter
Africa’s lessons from the global economic crisis
Analysis
/ 10 November 2016

Africa’s lessons from the global economic crisis

The continent needs to future-proof itself by crafting a new, inclusive socioeconomic system.

By Vusi Gumede
2008 all over again and the banks’ fail-safe will be you
Article
/ 27 November 2014

2008 all over again and the banks’ fail-safe will be you

Banks issued bail-in bonds hoping pension funds would buy them, but hedge funds, private banks and retail investors have snapped them up.

By Larry Elliot
Woolworths rides out the recession in style
Article
/ 4 September 2014

Woolworths rides out the recession in style

Cushioned by the loyalty of its customer base at the top end of the market, the retailer is eyeing new horizons.

By Lynley Donnelly
Our next financial crisis – due in 2015
Article
/ 21 January 2014

Our next financial crisis – due in 2015

Financial crises come round every seven years or so – if history is a guide, the next crisis should come along some time soon.

By Larry Elliott
No image available
Analysis
/ 10 February 2012

Now is the time for workers to fight for socialism

The sixth presidential council of the World Federation of Trade Unions’ meeting in Johannesburg brings back the socialism debate.

By Staff Reporter
No image available
Article
/ 27 January 2012

One in three workers live in poverty

World needs to create almost 600-million jobs in order to tackle unemployment caused by recession.

By Larry Elliott
No image available
Article
/ 21 October 2011

Global slump may retard Africa’s growth

As the economic clouds darken over Europe and the United States, there are concerns a double-dip recession in the West could cast a shadow over Africa

By Louise Redvers
No image available
Article
/ 17 October 2011

Can SA producers hope for rescue from Gordhan?

SA’s manufacturing sector has been the hardest hit by the global slowdown, but there is hope Pravin Gordhan will announce measures to support it.

By Staff Reporter
No image available
Article
/ 5 October 2011

Who will pass the sustainability test?

The social, financial and environmental impact of companies is coming under the spotlight.

By Nicky Willemse
No image available
Article
/ 23 September 2011

US unleashes $400bn to save economy

The United States central bank has unleashed a radical $400-billion plan to prevent the world’s largest economy sliding back into recession.

By Heather Stewart and Patrick Wintour
No image available
Article
/ 6 September 2011

US recession fears wrecks world markets

Wall Street braced for losses on Tuesday after world stock markets took a beating over fears that the US economy was heading back into recession.

By Carlo Piovano
Gordhan searches for a better plan
Article
/ 31 August 2011

Gordhan searches for a better plan

Pravin Gordhan needs SA’s economy grow at a rate of around 7% per annum in order to create jobs and keep the country globally competitive.

By Paul Vecchiatto
Pressure eases off eurozone debt fears
Article
/ 27 August 2011

Pressure eases off eurozone debt fears

Financial market pressure on the euro zone eased a little this week as Italy’s borrowing costs fell and bank shares stabilised.

By Robin Emmott
Low morale and layoffs sweep Wall Street
Article
/ 21 August 2011

Low morale and layoffs sweep Wall Street

Layoffs have been taking a bite out of Wall Street with many being forced to take a salary cut or go into early retirement.

By Lauren Tara Lacapra
No image available
Article
/ 8 August 2011

Hang on tight: a preview of the week’s economic news

A slowing US economy, growing debt crisis in Europe and South Africa’s economic outlook: read our preview of this week’s finance news.

By Matt Quigley
No image available
Article
/ 21 April 2011

Precious metals rise on lingering economic fears

Gold and silver prices rose on Wednesday as investors continue to worry about inflation and how the US and Europe will deal with their financial woes.

By Staff Reporter
No image available
Article
/ 18 April 2011

Philadelphia orchestra files bankruptcy papers

The renowned Philadelphia Orchestra has officially filed for bankruptcy protection after falling victim to plunging ticket sales.

By Staff Reporter
Financial crisis ‘avoidable’
Article
/ 7 February 2011

Financial crisis ‘avoidable’

Government, bankers, homeowners and regulators all blamed for 2008 financial crisis.

By Dominic Rushe
No image available
Article
/ 2 November 2010

IMF: Global crisis cost 30-million jobs

IMF director general tells a human development forum that the recent global crisis cost 30-million jobs worldwide.

By Staff Reporter
No image available
Article
/ 8 October 2010

Recovery may run out of steam, says IMF

Recovery from the worst recession since the 1930s is weak, unbalanced and runs the risk of running out of steam the International Monetary Fund warns.

By Larry Elliot
No image available
Article
/ 5 July 2010

Service growth gears down, stokes double-dip fear

Global services growth geared down a notch in June, supporting the view in markets that emerging and developed economies are set to cool off.

By Ross Finley
No image available
Article
/ 5 February 2010

World stock markets slump on European debt fears

Global equities tumbled on Friday as investors ran for cover on fears that soaring European state debt could damage a fragile economic recovery.

By Roland Jackson
No image available
Article
/ 25 January 2010

SA workers ‘stuck in catastrophic recession’

Workers have yet to see any proof of a recovery from the recession, despite what academics and the media are saying, Cosatu says.

By Michael Hamlyn
No image available
Article
/ 16 January 2010

Obama chides banks’ ‘audacity’ for fighting fee

President Barack Obama on Saturday slammed Wall Street’s "audacity" for fighting a bail-out fee he wants to slap on financial firms.

By Alister Bull
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