Yesterday, news broke that we had avoided a recession, thanks in large part to a lack of load shedding. Financial gurus reckon that’s something to smile about.
South Africa’s economy has undergone the worst drop since way back in 2009, and the problem spans multiple sectors.
It’s not often that somebody has anything positive to say about the state of our economy, although economist Mike Schüssler is talking long term.
Load shedding is alive and well again, and we are on stage four for the rest of the day. Even stage two has dire consequences for the economy.
The latest Take-home Pay Index has confirmed improvements on both an annual and a monthly basis to the average salary in South Africa.
In a press conference delivered from the Union Buildings, Ramaphosa laid out how he intended to haul South Africa out of an economic recession.
South Africa is officially in a recession, and that has seen the rand take a battering over the past few days. If you think that won’t affect you, you’re wrong.
As South Africa’s economy continues to decline at a rapid rate, Mmusi Maimane has suggested six simple actions that the government can undertake to fix it.
Everyone knows a junk status rating isn’t a good thing, but how many people really understand the effect it will have on our daily lives going forward?
Junk status this and junk status that, right? Well perhaps this seemingly inevitable downgrade will not be the end of the world.
If we learnt one thing from the ‘Weekend Finance Minister’ fiasco it’s that the market doesn’t react well to uncertainty. Trouble is brewing.
You may have heard those claims that black South Africans own just 3% of the country’s economy. These guys think that’s a load of bollocks.
Time to panic Jannie, pack the bags and book the first flight outta here. Or maybe not, because sometimes things must get worse before they can get better.
South Africa’s economy experienced a contraction in the second term, but luckily, the third term’s GDP increased to save us from a plummeting into a recession.