President announces an ‘extraordinary coronavirus budget’ with R20-billion for healthcare and spending on the pandemic equal to 10% of national GDP
Measures to contain Covid-19, including the lockdown, are costly and hurt the economy
With little money to respond to Covid-19, the government is looking at other sources of funding
With great rewards for bringing new technologies into different sectors will come great opportunities for South Africa’s economy
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
The global pandemic has highlighted the importance of national health insurance, mandatory sick leave and unemployment benefits
The fiscus loses millions each day because of illicit trade. Sars can’t tackle this problem alone: it is up to all citizens to play their part
South Africa was well-placed for the 2008 crisis. But R3.18-trillion debt and low growth hamper its ability to limit the economic effects of Covid-19
Japan has a diversified economy not heavily reliant on tourism. But with domestic spending already weak, the hit from a cancellation could ripple through and further depress local purchasing.
Negotiators are scrambling to meet the July 1 deadline for the world’s second-biggest trading agreement, which could boost continental trade
The latest economic figures and the effect of the coronavirus on the global economy are bad news for South Africa’s already tepid domestic growth outlook
As dark as things are, with Eskom sputtering and another recession in full swing, this country is packed with ingenuity and hope.
The tourism sector adds unique value to the economy and overall development of the country and this should be further built upon
The country’s economy grew by only 0.2% in 2019, after it experienced contractions in both the third and fourth quarter
Finance minister warns “we cannot have all things we want at the same time” and tables cuts in things like the public wage bill in a R1.84 trillion budget
Finance minister warns that government’s increased debt could mean ratings agencies downgrade the country’s credit worthiness to junk
Watch: The finance minister delivers the budget less than two weeks after the president’s state of the nation address
African governments are issuing and listing their Eurobonds on established international debt markets – usually London and Irish Stock Exchanges
The president is facing challenges at every turn, among them the economy, the state of SOEs and factionalism within the ANC. Only if Ramaphosa and his party work together will they be able to turn their declining fortunes around
The panic generated by the new coronavirus, 2019-nCov, which originated in Wuhan, one of China’s largest cities and a major domestic transport hub, reminds many of the fear and uncertainty at the peak of the 2003 SARS crisis. China’s stock market, after rising for months, has reversed itself in recent days, and global markets have […]
The co-dependent partnership is in the conflict stage and the real decoupling may be between American politicians and the country’s citizens
Most sectors of the economy reported negative growth, with mining, manufacturing and transport suffering the biggest falls
Although economists say there is room now for SARB to cut the repo rate in order to strengthen the economy – the central bank kept it unchanged
South Africa should capitalise on the bloc’s resources, including advanced technology and innovation
The continent’s greedy lending to Africa is driving the migration wave that fuels the European Union’s xenophobic politics
Sars is expected to miss its collection target for 2020-2021. And weak growth isn’t helping
Equatorial Guinea spends its oil revenue on prestige projects and not on health and education
The rapid changes in the political and economic landscape have seen people around the world losing their sense of dignity and thus their identity
‘Electricity problems raise the risk that
the growth we saw in the third-quarter will be short-lived’
But amid worries that consumers could binge on credit there are signs they are handling debt better
The big item on this week’s domestic data docket is South Africa’s latest growth figures. Here is your guide.
GDP data is expected to show SA rebounded from a contraction but there still remains little momentum to spur economic growth.