Mail & Guardian
Mail & Guardian

Peter Worthington

latest news & developments
In the second quarter of 2025, unemployment edged up to 33.2% in the second quarter of 2025 from 32.9% in the previous quarter, while of the 10.1 million people aged 15 to 24, 35.2% were not in employment
ABSA

2024 economy: Some relief after a rocky road

Last year was dismal on a number of fronts. And although things probably won’t get exponentially better, there is some hope on the horizon

  • Sarah Smit
5 min read
Since Finance Minister Enoch Godongwana announced last year that the government would relieve Eskom of a large portion of its debt, markets have been on the edge of their seats waiting for more detail. (Getty)
ABSA CORPORATE AND INVESTMENT BANKING

With little detail about Eskom’s debt plan expected, budget could disappoint

The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness

  • Sarah Smit
7 min read
According to data from Statistics South Africa (Stats SA), the overall number of companies that have been liquidated increased 20.5% in the fourth quarter of 2020 compared to the same period in 2019. (Waldo Swiegers/Bloomberg/Getty Images)
ABSA

Business closures increase in December, according to Stats SA data

Despite the government’s efforts to lessen the economic shock of the pandemic and the lockdown, businesses are struggling to keep their doors open

  • Tshegofatso Mathe
2 min read