As economy shrinks, Ramaphosa urges national effort to rebuild the economy
President Cyril Ramaphosa has called on all sectors of society to act with unity and purpose to rebuild the ailing economy.
SA economy
Manufacturing sentiment at 13-year high after Covid slump
SA manufacturing sentiment jumped to a 13-year high in August after further easing of coronavirus restrictions supported domestic demand and exports.
Rand weakens in response to ANC power struggle
The rand has declined in value in response to a power struggle in the ANC, with President Ramaphosa surviving a leadership challenge.
Graphs illustrate the devastating effects of Covid-19 on the SA economy
There’s a chance that the South African economy could shrink by as much as 8%. Just a month ago, the prediction sat at 7,5%.
State of the nation: SA economy in recession – is there hope for investors?
South African’s economy is reeling from Covid-19; strict lockdowns, recession, increasing infections – is there hope of recovery on the horizon?
🔒 PANDA’s Nick Hudson: More evidence we’ve smashed SA economy for NO good reason
PANDA data indicates that South Africa has passed the peak of the coronavirus pandemic with the Western Cape soon to reach herd immunity level.
🔒 Treasury warns of R2-trillion loss over next decade, with 20% of tax paying back debt
Treasury has released its Medium-Term Expenditure Framework guidelines which detail much-needed steps to curb spending and steady debt.
🔒 Drowning in debt: Harsh reality for many South Africans – and alarm bell for banks
Many South Africans are creating debt just to make it through the month, with implications for Johannesburg-listed banks.
Penny drops for CR on Covid-19 data
To get SA’s economy going again, there’ll undoubtedly be a collective crossing of fingers that CR has a different team of advisors and data modellers.
CR says he’s got a plan to save SA economy; Covid-19 lockdown lifts; Sibanye; Woolies
President Cyril Ramaphosa says there are plans underway to breathe life into the struggling SA economy as Covid-19 restrictions ease.