The agriculture sector was up 17.2% and was the largest contributor to GDP growth during the period
Decline in the country’s GDP – largely due to record-levels of load-shedding – puts the size of the economy back below pre-pandemic levels
The government needs to cough up for an effective basic income grant if it wants to achieve a 6% GDP growth rate
The largest drops in the third quarter were in the agriculture sector, trade and manufacturing.
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
Low interest rates usually encourage spending, but uncertainty created by the pandemic has driven people to save their cash in hard times
The South African Reserve Bank cautioned that if it was not for load-shedding, the country’s economy could have been stronger
The already turbulent labour market could see more strain if aspiring students lose out
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
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%
Last year, the finance minister noted that increased government spending has failed to promote growth over the past decade
Finance Minister Tito Mboweni has the difficult task of kick-starting a stalled economy while also cutting on spending
Experts offer their advice about what Finance Minister Tito Mboweni should focus on in next week’s budget speech
Despite the depressed economic environment, the mining industry contributed billions of rands to the economy last year, and can continue to do so if it focuses on environmental, social and governance issues
The South African Reserve Bank’s MPC has decided to keep the repo rate unchanged, at 3.5%, to let the actions it took last year trickle down into the economy
The country’s economy grew at an annualised rate of 66.1%, marking the strongest pace of expansion since at least 1993
Farming must embrace sustainable, regenerative agriculture practices to secure our future
The costs include expenditure on security, justice and health rather than on productive efforts, investment is driven away and psychological effects results in lower productivity
The richest 10% of South Africans own over 85% of all private wealth and a once-off 25% tax would reduce government debt by more than half. Imagine what a five-year wealth tax could do
The trade minister says the country is on track to reach more than R1-trillion worth of investments over five years, despite Covid-19 disruptions
Public sector unions have cried foul over the government’s plan to freeze wages for three years and have vowed to fight back.
The mid-term budget policy statement delivered by the finance minister proposes cutting all non-interest spending by R300-billion.
Minister of Finance Tito Mboweni has asked for a week’s delay in presenting the medium term budget policy statement.
The central bank estimates that gross domestic product (GDP) to contract by 8.2% in 2020
Developing countries have been hit harder by the Covid-19 downturn than in past economic crises
The gross domestic product numbers are likely to be gloomy, but the economy is not at ground zero
The OECD predicts a 7.5% contraction in South Africa’s GDP, with an 8.2% contraction if a second wave of Covid-19 is not avoided
About 3-million South Africans have lost their jobs during the lockdown. Lester Kiewit talks to people waiting for work on the side of the road in Cape Town
Repo rate drops to 3.5% as Reserve Bank predicts a 7.3% contraction in South Africa’s GDP
Stats SA’s latest GDP figures show the country’s economy has shrunk 2% in the first quarter of 2020
The economy is in a depressed state, and Finance Minister Tito Mboweni has called for cautious use of the country’s finances to avert plunging into a sovereign debt crisis