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Clothing and footwear have been the largest contributor to retail trade since October 2022. (Waldo Swiegers/Bloomberg via Getty Images)

Cash-strapped consumers still spending on clothing and footwear

Clothing and footwear have been the largest contributor to retail trade since October 2022

Not enough: It seems that the regular salary is not enough for young South Africans. Many turn to side hustles to make ends meet.

Young South Africans are turning to ‘side hustles’ to make ends meet

Most people have a second income stream to support their families but some do it because it’s their passion or talent – and brings in extra money

Although there are several state-sponsored initiatives aimed at creating work opportunities, these initiatives tend to miss many young people who are isolated as a result of vulnerabilities and social exclusion.

Are we being the leaders that our youth deserve?

With unemployment in that sector at almost catastrophic levels, it is essential to ensure that the drain of skills to other countries is halted in its tracks and that sound…

Annual consumer inflation was unchanged at 3.2% in February at 3.2%, with increases registered in housing and utilities, food and alcoholic beverages and restaurants and accommodation offset by decreases in the services sector, Statistics South Africa said on Wednesday.
 (Guillem Sartorio/Bloomberg via Getty Images)

GDP stats: Economy grows to pre-pandemic levels

The first-quarter economic growth was attributed to growth in eight industries, according to Statistics SA’s data

(John McCann/M&G)

Covid steals jobs, equality from women

PwC’s Women in Work Index says governments and businesses must tackle causes of inequality

Lesetja Kganyago, governor of the Reserve Bank. (Simon Dawson/Bloomberg/Getty Images)

Further Reserve Bank repo rate cut unlikely this year

The central bank estimates that gross domestic product (GDP) to contract by 8.2% in 2020

The GDP decline in the first quarter caused a 30.1% decline in the unemployment rate in the first quarter of 2020, which is expected to worsen. (Alet Pretorius/Gallo Images)

South Africa’s economy is in a severe recession

StatsSa has dubbed Q2 of 2020 the “pandemic quarter” as a result of hard Covid-19 lockdown that saw most sectors of the economy plummeting

The largest employment increases were recorded in the Gauteng, Free State and Western Cape provinces. (Delwyn Verasamy/M&G)

Slight drop in unemployment rate at end of 2018 — Stats SA

Although Stats SA has noted a slight decrease, South Africa’s unemployment rate is still one of the highest in the world.

Two retailers that bucked the trend were healthcare product retailer chain Clicks and fashion retailer Foschini. (John McCann/M&G)

Skint citizens shun market darlings

Unemployment, state debt and public sector burden and structural rigidities will affect growth

(Graphic: John McCann/M&G)

Wary consumers start saving

The number of new accounts has risen but tough times have forced others to borrow

Much of the US workforce is employed in export-driven industries such as vehicle manufacturing that thrive on open markets.

‘Stronger-than-expected’ manufacturing growth, faltering business confidence

Manufacturing numbers may be up, but business confidence is low

(John McCann/M&G)

Fuel, utilities gobble up spare cash

Cheaper food has helped to ease the pain but an ever weakening rand means the prognosis is poor

Nkosazana Dlamini-Zuma.

Dlamini-Zuma: SA needs credible stats for a better life for all

Dlamini-Zuma says it is important to ensure the work of StatsSA remains relevant, and that policymakers and implementers use the data

Victims of abuse, harassment and rape are too often confronted with obtuse bureaucrats behind the counter. (Media24/Lulama Zenzile)

Rape myths inflict more harm on victims

Sexual assault survivors are silenced by societal prejudice, lack of support from their community or family, secondary trauma and rape myths.

It would make sense to support fewer postgraduate students fully rather than spreading small allocations to more.

Postgrads urgently need funding

The financing of undergraduate degrees but not postgraduate is short-sighted and counterproductive

Motorists can expect relief at the fuel pumps in October, with the price of all grades of petrol and diesel set to decrease from Wednesday

Letters to the editor: August 28 to September 1 2017

Readers write in about health equity, the Post Office, and Krotoa

Earlier on Wednesday, Eskom chief financial officer Calib Cassim explained that the key driver behind the tariff increases is that the power utility can no longer depend on continued financial support from the government.

Did 34% of households have access to electricity in 1994?

President Jacob Zuma claims that 34% of households had access to electricity in 1994. Available data suggests he is wrong. By 1994 it was about 50%.

Survey paints picture of desperation for self-employed

A recently released survey shows that for the vast majority of those self-employed in SA, poor working conditions and poverty are a reality.

Central Bank of Nigeria president Godwin Emefiele.

Economic week ahead: Updated global growth forecast

The IMF will update its global economic outlook this week, while investors look at a rates decision in Nigeria and inflation numbers in South Africa.

Growth was supported by increases in eight of 10 key industries, with major contributions coming from mining, manufacturing, trade and agriculture, while declines were reported in the transport and construction sectors.
(David Harrison)

SA producer-price inflation accelerates in August

The cost of manufacturing goods in South Africa rose higher in August than last month, meaning more pressure on consumer prices.