Latest articles on Gross Domestic Product

Repo rate remains unchanged at 3.5%

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

South Africa records impressive economic recovery

The country’s economy grew at an annualised rate of 66.1%, marking the strongest pace of expansion since at least 1993

Biodiversity is crucial for South Africa’s food security

Farming must embrace sustainable, regenerative agriculture practices to secure our future

The price of violence: R145-billion

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

Tax the super rich and raise inflation to cut state debt, inequality and poverty

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

Patel: South Africa on target to attract R1.2-trillion in investments

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

State’s wage freeze sparks apoplexy

Public sector unions have cried foul over the government’s plan to freeze wages for three years and have vowed to fight back.

Mboweni plans to freeze public sector wage increases for the next three years

The mid-term budget policy statement delivered by the finance minister proposes cutting all non-interest spending by R300-billion.

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

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A tech solution to fires in informal settlements comes with insurance that pays out the victims of these blazes

How smuggled gold destined for Dubai or Singapore has links to France and Mali

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Zuma, Zondo play the waiting game

The former president says he will talk once the courts have ruled, but the head of the state capture inquiry appears resigned to letting the clock run out as the commission's deadline nears

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