Latest articles on Gross Domestic Product

No need to worry about the mid-term budget being postponed, say economists

Minister of Finance Tito Mboweni has asked for a week’s delay in presenting the medium term budget policy statement.

Further Reserve Bank repo rate cut unlikely this year

The central bank estimates that gross domestic product (GDP) to contract by 8.2% in 2020

Global job losses linger after lockdowns

Developing countries have been hit harder by the Covid-19 downturn than in past economic crises

Covid wave brings second quarter slide

The gross domestic product numbers are likely to be gloomy, but the economy is not at ground zero

OECD urges SA to reform to recover from pandemic effects

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

Job seekers hit the pavement in hope and desperation

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 falls to 3.5% — its lowest since 1998

Repo rate drops to 3.5% as Reserve Bank predicts a 7.3% contraction in South Africa’s GDP

South Africa’s GDP contracts 2%, entrenches recession

Stats SA’s latest GDP figures show the country’s economy has shrunk 2% in the first quarter of 2020

SA’s economy expected to contract by 7.2% in 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

Inequality manifests in stimulus

Structural forces mean emerging economies can’t offer the necessary Covid-19 fiscal-relief packages

Ramaphosa announces R500-billion Covid-19 package for South Africa

President announces an ‘extraordinary coronavirus budget’ with R20-billion for healthcare and spending on the pandemic equal to 10% of national GDP

IMF talks are yet to begin

Measures to contain Covid-19, including the lockdown, are costly and hurt the economy

No money to spare as GDP set to fall

With little money to respond to Covid-19, the government is looking at other sources of funding

Incentivise the adoption of 4IR technologies

With great rewards for bringing new technologies into different sectors will come great opportunities for South Africa’s economy

The South African economy: Nobody knows what happens next

Rough models show that over R600-billion in GDP could be lost, along with two million jobs. That would mean Covid-19 has a worse impact than the 2008 global recession

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Latest

Finance probe into the Ingonyama Trust Board goes ahead

The threat of legal action from ITB chairperson Jerome Ngwenya fails to halt forensic audit ordered by the land reform minister

Fake trafficking news targets migrants

Exaggerated reports on social media of human trafficking syndicates snatching people in broad daylight legitimate xenophobia while deflecting from the real problems in society

Female cops sent for rape counselling

Brigadier Sifiso Cele denies the rape allegations, saying that they are part of a smear campaign and that criminal charges should have been opened if the accusations were true

Press Releases

Corporates: A force for good for a sustainable future

In order to see people and nature thrive what is required is a strong focus on partnerships – we cannot act alone anymore

Combatting wildlife crime in Southern Africa activity annual programme statement (APS) No. 04

Concept papers are sought for implementating activities, for a multi-faceted programme that aims to reduce poaching and illegal trade in wildlife

The financial decisions made during your life journey, and their impact on your retirement outcome

The longer you save towards retirement the larger your retirement savings are expected to be due to the effect of compounding interest

In conversation with SA Reserve Bank Governer, Lesetja Kganyago

'Make interest rates zero and inflation goes up and then people save less – we need savings to fund investment in this country'

Secure your business from cyber threats

Many business-grade security systems now have built-in learning systems and AI to help businesses stay up to date with protection

Mental Health

During the pandemic there's been a dramatic increase in depression, anxiety and suicides, according to some of the surveys done

Expert financial advice still recommended – especially in uncertain times

A financial advisor is an expert who will help you to protect your wealth and make a realistic plan when unexpected events threaten your wellbeing

What is a virtual card, and how does it work?

A virtual card lets you pay online without ever having to take your card from your wallet or exposing your actual account information

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