The road ahead for the South African economy remains ”tough”, Business Unity South Africa (Busa) said in Johannesburg on Wednesday.

One million jobs lost this year and a million more in jeopardy by end of 2010.

Cosatu said on Wednesday it wanted a total overhaul of the economy and favoured a rand exchange rate of about 10 to the dollar.

Despite the confident mini-budget, confusion persists over how South Africa’s economy will be managed, and by whom.

South Africa has a few hurdles to clear if it wants to be part of the global economic revival, writes Lynley Donnelly.

SA’s fiscal deficit will be considerably higher this financial year due to a widening tax shortfall, Finance Minister Pravin Gordhan said on Tuesday.

But consumers are running scared, writes Lynley Donnelly.

An annual round of strikes and inflationary pay hikes could not have come at a worse time for a strained South African economy.

The global economic meltdown is taking its toll on the local economy, but the JSE has turned upwards, writes Lynley Donnelly.