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Business

/ 8 December 2024

Steel industry struggles deepen as ArcelorMittal retrenchments highlight systemic problems

Amid rising imports and operational hurdles, the steel producer announces layoffs while the government’s long-term strategy remains unclear

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By Anathi Madubela

Analysis

/ 5 March 2024

Treasury puts the brakes on a left turn

Some consider the decision to tap the forex reserve as a sign that the state can be swayed by the left. But the ANC-led government knows exactly how to neutralise progressive forces

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By Sarah Smit

Business

/ 23 February 2024

Move to tap forex reserve is ‘sensible’

Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account

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By Sarah Smit

Business

/ 19 December 2023

Basic income grant: Peering beyond the endless impossibilities

South Africa’s economy has stagnated and policymakers ought to be looking for solutions that move us forward

By Sarah Smit

Business

/ 23 November 2023

Gold and forex reserve is no pot of cash, says Kganyago

The Reserve Bank governor confirmed the central bank is in talks with the treasury over calls to tap the Gold and Foreign Exchange Contingency Reserve Account

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By Sarah Smit

National

/ 2 November 2023

Mini-budget raises questions about SA’s growth prospects

Finance Minister Enoch Godongwana has emphasised the need to address supply-side constraints, such as the country’s energy and logistics crises

By Sarah Smit

Business

/ 29 October 2023

The Fiscal Cliff | Will austerity push South Africa to the brink?

Today, as the country awaits the next update on the state of its public purse, the prospect of a debt crisis seems more imminent than before. This is as South Africa’s fiscal position has deteriorated markedly during the course of this year, a dilemma that could see the treasury inflicting another round of spending cuts.

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By Sarah Smit

/ 10 October 2023

Corporate capture and austerity politics

The choice to adopt austerity is not about protecting the state against capture — nor is it about realising untapped growth

By Sarah Smit

Business

/ 5 October 2023

Kganyago: Relaxed targets would thwart inflation fight

As central bankers in the advanced world unite over the ‘higher for longer’ mantra, the Reserve Bank cautions against raising targets amid still-high inflation

By Sarah Smit

Business

/ 22 March 2023

Economic policy and the state capture ‘scarecrow’

Anxiety about governance failures stands to limit our options, just when we need an alternative direction the most

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By Sarah Smit

Business

/ 11 March 2023

Public sector crunch inflicts pain

The government is walking a tightrope as civil servants embark on industrial action over pay

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By Sarah Smit

Business

/ 22 February 2023

Godongwana: Basic income grant decisions won’t be made because of political pressure

The social development department has been allocated R35.7 billion to fund the extended social relief of distress grant

By Sarah Smit

Business

/ 5 October 2022

Government stares down public wage conundrum

Workers are in the throes of a cost of living crisis, which could force the government to fold on its hard line against more spending

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By Sarah Smit

Business

/ 25 August 2022

Women’s job crisis fix found in the public purse

Nearly half of South African women are left out of the country’s labour force — and gender-friendly budgeting could fix that

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By Sarah Smit

Business

/ 25 March 2022

Excluded from the economy, but ‘women work all the time’

More women than men are unemployed, partly because they are engaged in unpaid labour: caregiving, cooking and cleaning

By Anathi Madubela and Sarah Smit

Business

/ 19 February 2022

Given South Africa’s jobs crunch, new jobs in the renewable energy sector are urgently needed

South Africa is facing a deepening unemployment crisis and experts warn that climate change threatens the country’s shrinking jobs.

By Sarah Smit

National

/ 18 February 2022

Mr President, the government can — and should — create jobs

The private sector, experts say, cannot alone be entrusted with the important task of stopping South Africa’s unemployment tailspin

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By Sarah Smit and M&G Data Desk

Business

/ 26 November 2021

‘Explosive’ jobs crisis imperils South Africa

Experts’ strategies for fixing the unemployment crisis range from devaluing the rand to a universal income grant or accepting debt from loans

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By Sarah Smit

Opinion

/ 9 October 2021

Income grant: Big bang for a few rand

Corporate South Africa is rolling out the big guns to spike momentum towards a universal basic income grant that threatens to expose their sick graveyard economy

By Guy Oliver

National

/ 27 August 2021

Professional or working class, unemployment has hammered black women the most

The latest unemployment figures show deepening joblessness and continuous setbacks

By Marcia Zali and Sarah Smit

National

/ 26 August 2021

A black woman’s burden: Carer, provider and unemployed

All indicators, including the employment statistics released this week show how black women bear the brunt of unemployment. Here are their stories

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By Sarah Smit and Marcia Zali

Business

/ 22 July 2021

Violence sparks new calls for basic income grant

Analysts agree that economic relief for the poor is needed but are split on whether a grant should be permanent and whether it is affordable

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By Sarah Smit

Business

/ 29 June 2021

R350 grant: A ticket into the labour market — report

The Covid-19 social relief of distress grant was terminated at the end of April, but research shows it aided job recovery

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By Sarah Smit

Business

/ 3 May 2021

Desperate workers say the CCMA is failing them

Covid-19 and budget cuts have combined to create a nightmare for those seeking help with cases of unfair dismissal or suspension, which have risen because of the pandemic’s economic effects.

By Magnificent Mndebele

Business

/ 12 March 2021

NSFAS funds, jobs for youth dry up

The already turbulent labour market could see more strain if aspiring students lose out

By Sarah Smit

Business

/ 26 January 2021

Covid-19 economic crisis will be felt by the poor for a decade, report finds

The pandemic’s economic fallout will affect the world’s poor for years, while the richest billionaires increase their wealth, an Oxfam report notes

By Sarah Smit

Article

/ 21 April 2020

A chance to ‘reimagine South Africa’

President Cyril Ramaphosa is set to announce the government’s long-awaited economic stimulus plan to deal with the effects of Covid-19. The key will be getting loans for a stimulus without ‘selling’ the country.

By M&G Reporters