Loading...
News Updates:

Economy

 

Economy / 31-01-23 / Tau kaVodloza

Data shows strong tax collections in December: Absa

While this might suggest some risk that the main budget deficit this year could undershoot the MTBPS target of 4.9% of GDP, some caution is warranted given that consumption-related taxes and corporate profitability are likely to have been hard…

Economy / 26-01-23 / Duty Editor

Macroscope: Watch the Yen in 2023

Ninety One Portfolio Managers Iain Cunningham and Alex Holroyd-Jones discuss the likelihood of a developed market recession and an end to ultra-loose Japanese monetary policy in 2023

Economy / 25-01-23 / Tau kaVodloza

Eskom is SA’s biggest problem and opportunity: Michael Jordaan

"The driving force of an entrepreneur lies less in what most people think – making money – and rather in the satisfaction derived from solving real life problems. That makes South Africa an exciting place given the country has lots of problems,…

Economy / 18-01-23 / Tau kaVodloza

South Africa's headline CPI inflation continued to ease in December

"We had projected food inflation peaked in November at 12.5% and that it would ease to 11.9% in December. While food inflation did ease for the first time in eight months, the decline was more marginal to just 12.4%," says Absa.

Economy / 17-01-23 / Duty Editor

Average inflation expectations for 2022 Q4 edged up from 6.5% to 6.6%

The Bureau for Economic Research has announced that average inflation expectations of analysts, business people and trade unions for 2022 edged up from 6.5% in the third quarter of 2022 to 6.6% in the fourth quarter.

Economy / 11-01-23 / Duty Editor

BankservAfrica Economic Transactions Index back on track

“The welcomed improvement to the BankservAfrica Economic Transactions Index (BETI) occurred against the broader economic context that has remained fairly grim during December, with load shedding continuing, interest rates and inflation remaining…

Economy / 10-01-23 / Keith Wade

Outlook 2023, Global economy: all eyes on inflation

Falling interest rates would be the payback for taming inflation and the restoration of price stability, which is so important for businesses to plan and invest sensibly, says Chief Economist & Strategist at Schroders, Keith Wade.

Economy / 12-12-22 / Duty Editor

The week in perspective: Stage 6 dilutes Q3 GDP cheer

The dreaded return of stage 6 load-shedding, as well as the expectation that significant power cuts will continue for at least the next six months, puts further pressure on the economy in Q4 and into 2023, says the Bureau for Economic Research…

Economy / 06-12-22 / Chris Smit

GDP increased by 1,6% in the third quarter of 2022

Seven of the ten manufacturing divisions reported positive growth rates in the third quarter with motor vehicles, parts and accessories and other transport equipment division making the largest contribution to the increase in the third quarter.

Economy / 29-11-22 / Sisanda Ndlovu

Unemployment rate comes in at 32,9% in 2022 Q3: Stats SA

Statistics South Africa has announced that 204 000 jobs were gained between the second quarter of 2022 and the third quarter of 2022, with a total of 15,8 million persons employed in the third quarter of 2022.

Economy / 23-11-22 / Duty Editor

SA welcomes decision to establish fund to address climate change

“The key milestone agreed to at COP27 was on financial arrangements to address loss and damage due to climate change. COP27 agreed to set up a fund on loss and damage. It established a Transitional Committee to work on the modalities of this…

Economy / 09-11-22 / Duty Editor

Commitments made at Climate Change Conference must be honoured: Ramaphosa

“The commitments that were made must be honoured because failing to honor these commitments, breaks, trust and confidence in the process,” says South Africa's President, Cyril Ramaphosa.

Economy / 08-11-22 / Duty Editor

Green hydrogen offers great economic potential to SA; getting it right a big challenge

"Collaboration will be the name of the game going forward. The days of 'closed corporate strategies' are behind us and players in renewable energy cannot afford to 'go it alone,'" said President and CEO of Sasol, Fleetwood Grobler in PSG's recent…

Economy / 07-11-22 / Duty Editor

Eskom loan "significant step" for Just Energy Transition

This is a significant development for South Africa’s Just Energy Transition to renewable energy as it brings the much-needed funding to enable Eskom to train its employees and members of the host communities to empower them to continue playing…