Minister in the presidency for planning, monitoring and evaluation said there had been progress in implementing the country’s medium-term development plan, running from 2024 to…
The agriculture sector was up 17.2% and was the largest contributor to GDP growth during the period
Decline in the country’s GDP – largely due to record-levels of load-shedding – puts the size of the economy back below pre-pandemic levels
The government needs to cough up for an effective basic income grant if it wants to achieve a 6% GDP growth rate
The largest drops in the third quarter were in the agriculture sector, trade and manufacturing.
Vaccine passports prove to be a contentious issue for tourism, hospitality and restaurant sectors as some welcome them and some have fears of placing another hurdle ahead of…
Low interest rates usually encourage spending, but uncertainty created by the pandemic has driven people to save their cash in hard times
The South African Reserve Bank cautioned that if it was not for load-shedding, the country’s economy could have been stronger
The finance minister has said it’s not an austerity project. But the numbers and economists disagree
The South African Reserve Bank’s MPC has decided to keep the repo rate unchanged, at 3.5%, to let the actions it took last year trickle down into the economy
The country’s economy grew at an annualised rate of 66.1%, marking the strongest pace of expansion since at least 1993
Farming must embrace sustainable, regenerative agriculture practices to secure our future
The costs include expenditure on security, justice and health rather than on productive efforts, investment is driven away and psychological effects results in lower productivity
The richest 10% of South Africans own over 85% of all private wealth and a once-off 25% tax would reduce government debt by more than half. Imagine what a five-year wealth tax…
The trade minister says the country is on track to reach more than R1-trillion worth of investments over five years, despite Covid-19 disruptions
Public sector unions have cried foul over the government’s plan to freeze wages for three years and have vowed to fight back.
The mid-term budget policy statement delivered by the finance minister proposes cutting all non-interest spending by R300-billion.
Minister of Finance Tito Mboweni has asked for a week’s delay in presenting the medium term budget policy statement.
The central bank estimates that gross domestic product (GDP) to contract by 8.2% in 2020
Developing countries have been hit harder by the Covid-19 downturn than in past economic crises