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Tag: GDP

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...

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Global chip drought hits Apple, BMW, Ford as crisis takes turn...

The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple and Samsung Electronics in flagging...

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