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Tag: GDP

Economy escapes a recession, but still stuck in the lowest gear

Following an upwardly revised GDP contraction of 1.1% q/q (previously 1.3% q/q contraction) in 4Q22, the economy defied our expectation of a mild technical recession and expanded by 0.4% q/q in...

Africa must sustain minimum growth rate of 7-10% of GDP say experts

EXPERTS examining an ongoing study of key factors underlying development in Africa have emphasized the need for the continent to sustain annual growth rates of at least 7-10 percent over the...

GPD shrinks by 7%

The South African economy contracted by 7% in 2020, Statistician-General, Risenga Maluleke, has revealed. Maluleke on Tuesday briefed media on the results of the Gross Domestic Product (GDP) for the fourth quarter...

COVID-19 – What can we learn from the past?

The coronavirus outbreak has sent worldwide fear across financial markets amid concerns of a hit to the global economy. Although it is still too early to evaluate the full impact on...

Budget 2020: the right intent, but the challenge remains daunting

BUDGET 2020 is the best we could have hoped for in difficult circumstances. In essence, it aims to constrain consumption spending relative to capital expenditure, while recognising that persistent tax increases...

5 big changes proposed for South Africa’s ‘broken’ timeshare industry

The National Consumer Commission (NCC) has released a new report on South Africa’s timeshare industry – which is estimated to contribute as much as R3.5 billion to South Africa’s GDP. In 2017...

Further economic deterioration inevitable

"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...

How much it costs to open a top franchise in South Africa – and...

The Franchise Association of South Africa (FASA) has released its latest franchise survey for 2018. Despite a challenging year, the survey found that the franchising sector continues to show growth...

SA’s first-quarter GDP takes a knock, shrinks by 2.2%

South Africa's real gross domestic product fell by 2.2% in the first quarter of 2018, Stats SA announced on Tuesday. Statistician general Risenga Maluleke released the figures at a media...

South Africa’s GDP grew by 2% due to agriculture

South Africa’s economy expanded 2% in the third quarter of the year down from an upwardly revised 2.8% recorded in the second quarter – but still beat market expectations of a...

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‘5-in-1 Trade Show’ brings important industries, buyers and sellers, together

THIS year’s event is set to be one of the biggest Electra Mining Africa exhibitions to date with over 850 companies exhibiting across six...

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