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Further economic deterioration inevitable

  • Published in News

"The Medium-Term Budget Framework Statement (MTBRS) that the Minister of Finance, Tito Mboweni, submitted today to Parliament is a very clear evidence that the ANC's policy of the socialist and communist redistribution of the assets, the economic growth potential and prosperity will continue to destroy the economy and the country," says independent agricultural economist Fanie Brink.

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Three reasons why SA has gone into recession

Africa’s most industrialized economy is now in recession. South Africa recorded a 0.7 percent dip in GDP between January and March, which followed on from a 0.3 percent shrink in the last quarter of 2016. It is the first time since the global financial crisis in 2009 that South Africa has recorded two consecutive quarters of negative economic growth.

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Changing waste streams to profit streams

  • New study shows that rolling out waste as a green industry would affect a 0.5% increase in GDP

A recent study undertaken by the Energy Research Centre of the University of Cape Town investigates the economic impact of the introduction of resources back into the economy through waste stream management. The study highlights that the GDP could increase by up to 0.5% with 13 661 new fulltime equivalent jobs created.

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