NONKULULEKO NJILO SA’s GDP is expected to decline by at least 7.9% this year as a result of Covid-19, according to research conducted by the UN Development Programme. The organisation released “The socio-economic impact assessment of…
Finance minister Tito Mboweni has revealed that government intends to borrow US$7bn (R118bn) from international finance institutions, warning strongly that it is money which must be paid back. “Government intends to borrow US$7bn from…
SA’s economy managed to eke out paltry growth in 2019, despite a steep contraction in the fourth quarter, which led to a recession being declared for the last half of 2019. Data released by Stats SA on Tuesday shows that for the full…
GDP rose 2.2% in the third quarter, data from Statistics SA showed on Tuesday. This was better than expectations. A Bloomberg consensus was 1.9%, with all economists polled expecting SA to see growth. Growth was driven by the…
SA received a reprieve from Moody’s on Friday night‚ with the agency remaining the most generous of the big three credit rating agencies in being the only one to still rate both foreign- and local-currency South African government bonds…
By Sunita Menon And Staff Writers SA has left the economic recession behind‚ for now‚ as gross domestic product grew 2.5% in the second quarter from the first quarter. The biggest boost came in part from the agriculture‚ forestry and…
