Advertise with fastmoving.co.za
 
 

ECONOMIC NEWS

Subscribe to Economic News

Latest retail sales figures show disappointing trend

Latest retail sales figures show disappointing trend

15/02/2019 - 10:01
Available economic activity data has shown that the economy ended last year on a weaker footing, with December retail sales figures being the latest to disappoint, declining for the first time in nearly two years.  read more
Mastercard Index: Love and pockets run deep in South Africa as Valentine’s Day spend soars

Mastercard Index: Love and pockets run deep in South Africa as Valentine’s Day spend soars

14/02/2019 - 10:07
According to the latest Mastercard Love Index, South Africans are willing to dig deeper into their pockets to spoil the ones they love on Valentine’s Day, splashing out on experiences like dining out and travel rather than on traditional gifts.  read more
Minuscule manufacturing growth in December, but outlook is positive

Minuscule manufacturing growth in December, but outlook is positive

12/02/2019 - 16:42
While manufacturing was subdued in December, the sector will give growth a slight boost in 2018, data from Statistics SA showed. read more
Western Cape has high hopes for marijuana market

Western Cape has high hopes for marijuana market

11/02/2019 - 10:32
The Western Cape believes the medical cannabis market has significant potential to boost the local economy and is moving fast to position itself as the country’s main hub for this new industry. read more
Cape wine production set to be low after 3-year drought

Cape wine production set to be low after 3-year drought

07/02/2019 - 19:19
The Cape's three-year drought has taken its toll on the wine industry and early indications are that this year's harvest will be even lower than the poor 2018 harvest. read more
Nigeria set to overtake SA as largest maize producer in sub-Saharan Africa

Nigeria set to overtake SA as largest maize producer in sub-Saharan Africa

07/02/2019 - 10:15
Nigeria is poised to overtake South Africa and become the largest maize producer in sub-Saharan Africa (SSA) in the 2018/19 production season, according to Wandile Sihlobo, an agricultural economist at the Agricultural Business Chamber (Agbiz) of SA. read more
SA could have major advantage with renewable energy, say experts

SA could have major advantage with renewable energy, say experts

06/02/2019 - 09:01
South Africa has a competitive advantage in renewable energy and could become a major destination for electricity-intensive industries once the wind and solar sector is ramped up. read more
Bans on some SA meat products relaxed after foot and mouth outbreak in Limpopo

Bans on some SA meat products relaxed after foot and mouth outbreak in Limpopo

04/02/2019 - 15:10
Restrictions on the export of South African processed meat products have been relaxed by some trade partners who halted imports following the outbreak of foot and mouth disease in Limpopo, the department of Agriculture, Forestry and Fisheries said. read more
The 7 factors that will shape SA's economy in 2030

The 7 factors that will shape SA's economy in 2030

01/02/2019 - 15:31
What will South Africa's economy look like in 10 years' time?  read more
Alcohol, clothes set to boost online retail sales to R20bn

Alcohol, clothes set to boost online retail sales to R20bn

01/02/2019 - 08:37
Retail sales in South Africa are expected to reach R20 billion in 2020 on the back of a surge in online sales of apparels, alcohol and tobacco products. read more
SA plants smallest maize area since worst drought

SA plants smallest maize area since worst drought

30/01/2019 - 11:57
South African maize farmers, who historically produce the continent’s biggest harvest, have probably planted the smallest area with the grain since the worst drought on record three years ago. read more
Consumers optimistic about SA economy, household finances

Consumers optimistic about SA economy, household finances

29/01/2019 - 14:51
Consumers are fairly optimistic that the outlook of the SA economy and their household finances will improve over the next 12 months, the FNB/BER Consumer Index has revealed.  read more
Value of wine exports up despite drought in Western Cape

Value of wine exports up despite drought in Western Cape

28/01/2019 - 09:41
The value of wine exports grew by 4% in 2018, despite a difficult season and a long-term trend of producers dwindling. read more
Consumer confidence remains flat but things might be looking up

Consumer confidence remains flat but things might be looking up

24/01/2019 - 13:27
Consumer confidence remained at its 2018 low of 7 in the fourth quarter of 2018. read more
What Zimbabwe’s problems mean for South Africa’s economy

What Zimbabwe’s problems mean for South Africa’s economy

23/01/2019 - 11:35
Concerns were raised on Monday (21 January) after South African finance minister, Tito Mboweni, indicated that he was in talks to help bail out Zimbabwe.  read more
Inflation falls to 4.5% for December

Inflation falls to 4.5% for December

23/01/2019 - 10:04
Annual headline consumer price inflation moderated to 4.5% for December, according to Statistics South Africa.  read more
Economic turbulence anticipated for 2019

Economic turbulence anticipated for 2019

21/01/2019 - 10:36
SA will likely experience a slight pick-up in economic activity this year, but its economic problems are too deep-seated and its political constraints too binding to allow for meaningful economic reform and a return to rapid growth any time soon. read more
Black Friday boosts November’s retail sales

Black Friday boosts November’s retail sales

16/01/2019 - 14:12
Consumers came under pressure in 2018, with the first VAT hike in two decades and steep fuel price increases.  read more
Another boost for the manufacturing sector in November

Another boost for the manufacturing sector in November

14/01/2019 - 11:09
Production from SA’s factories continued to improve in the last quarter of 2018, data from Statistics SA (Stats SA) showed.  read more
Retail sector facing subdued operating conditions

Retail sector facing subdued operating conditions

10/01/2019 - 08:44
Despite South Africa exiting the technical recession following growth in the economy in the three months to September, the outlook for the country’s retail sector for 2019 continues to be subdued. read more
Factory owners end 2018 in upbeat mood

Factory owners end 2018 in upbeat mood

09/01/2019 - 14:03
Activity in the manufacturing sector reached its best level in 2018 in December, ending the year on a strong note. read more
SA records trade surplus in November

SA records trade surplus in November

07/01/2019 - 08:43
SA recorded a trade surplus of R3.49bn in November, statistics released by Sars reveal. However, for the 11 months to end-November, there was a trade deficit amounting to R4.16bn, a deterioration on the surplus for the comparable period in 2017, of R62.3bn.  read more
SA food and non-alcoholic beverages inflation unchanged

SA food and non-alcoholic beverages inflation unchanged

20/12/2018 - 15:33
South Africa’s food and non-alcoholic beverages inflation has bottomed out and will begin an upward cycle in the coming months, supported by an increase in agricultural commodities prices. The headline number will probably increase marginally as we expect the uptick in cattle and sheep slaughtering activity to contain meat price inflation at fairly lower levels in the near term which will, in turn, influence the overall increase. read more
The magnetic relationship between news and movement in the forex market

The magnetic relationship between news and movement in the forex market

20/12/2018 - 09:04
Currency value can be affected by a million different news stories during the course of the day - influencing small or significant movements in the forex. News and events are usually centred on either economic, political or banking policy, although there are other ways in which the news can influence and affect both large and small-scale price movements. read more
SA preparing for all Brexit outcomes

SA preparing for all Brexit outcomes

19/12/2018 - 08:05
South Africa's Department of Trade and Industry (dti) is preparing for all eventualities regarding Brexit, says Minister of Trade and Industry Rob Davies.  read more
Farm and factory gate inflation slows slightly

Farm and factory gate inflation slows slightly

14/12/2018 - 09:00
Falling fruit and vegetable prices helped slow producer inflation in November. read more
SA to spend more than R200bn over the festive season

SA to spend more than R200bn over the festive season

13/12/2018 - 09:57
South Africans are set to spend over R200bn this festive season, with an average of nearly R6 000 each, a recent survey has found. read more
Retail sector notches up better than expected growth for October

Retail sector notches up better than expected growth for October

13/12/2018 - 08:11
The retail sector experienced bigger than expected growth at the start of the fourth quarter. read more
Annual manufacturing growth in October beats expectations

Annual manufacturing growth in October beats expectations

11/12/2018 - 20:21
Production from SA’s factories was boosted considerably in October compared with the same month in 2017, Statistics SA reported. read more
Retail sector showing signs of revival

Retail sector showing signs of revival

10/12/2018 - 11:49
A study by the Bureau of Economic Research (BER) has shown that the retail sector showed signs of a revival in the last three months of the year after the sector ran into trouble in the third quarter of the year.  read more
Global unemployment at lowest level in almost 40 years

Global unemployment at lowest level in almost 40 years

10/12/2018 - 09:32
While global unemployment has fallen to its lowest level in almost 40 years, SA is among four countries with an unemployment rate higher than that immediately preceding the 2007/08 global financial crisis. read more
Business confidence remains flat

Business confidence remains flat

06/12/2018 - 13:28
Business confidence remained flat in November. read more
SA out of recession with 2.2% GDP growth

SA out of recession with 2.2% GDP growth

05/12/2018 - 16:42
The SA economy has officially exited the recession after reporting 2.2% GDP growth for the third quarter of the year, Stats SA announced. read more
Agriculture confidence drops to lowest level in nine years

Agriculture confidence drops to lowest level in nine years

04/12/2018 - 13:19
Confidence in the agricultural sector has fallen to the lowest level in nine years on the back of uncertainty around land reform. read more
Green shoots for SA's manufacturing sector

Green shoots for SA's manufacturing sector

04/12/2018 - 10:04
As manufacturing looks set to boost GDP in the third quarter, a survey has showed that factory owners are more upbeat about the sector. read more
Rising imports push trade balance deficit to biggest in 10 months

Rising imports push trade balance deficit to biggest in 10 months

04/12/2018 - 08:07
As SA records its biggest trade deficit in 10 months, economists warn that trade tensions could keep the trade account in the negative for the next few months. read more
The signs are here that South Africa has reached its economic crossroad

The signs are here that South Africa has reached its economic crossroad

03/12/2018 - 11:37
While South Africa attempts to shore up its own economy amid high inflation rates and a stuttering inherited financial system, the continent as a whole continues to grow. The big question, though, is whether South Africa will get left behind in terms of international investment if it doesn’t improve its financial situation, and how to avoid this. read more
Black Friday: how a sales gimmick is changing SA’s retail sector

Black Friday: how a sales gimmick is changing SA’s retail sector

30/11/2018 - 10:10
Black Friday promotional sales are transforming the SA retail sector. read more
Illegal imports are damaging the South African economy

Illegal imports are damaging the South African economy

28/11/2018 - 08:08
While we have all seen the extent of public sector fraud and corruption, private sector corruption is just as damaging to the state and our economy.  read more
Business confidence falls in fourth quarter

Business confidence falls in fourth quarter

27/11/2018 - 15:56
The South African business community is gloomier in the quarter under way than it was in the previous one, according to a poll sponsored by RMB and done by Stellenbosch University's Bureau of Economic Research. read more
How will the interest rate hike impact SME owners?

How will the interest rate hike impact SME owners?

27/11/2018 - 10:41
Despite a strengthening rand and slight recovery of the oil price, the South African Reserve Bank (SARB) announced that the repurchase (repo) rate will increase by 25 basis points to 6.75 percent, effective from 23 November 2018. This increase in interest rates – which pushes the prime lending rate up from 10 percent to 10.25 percent - is the first rates hike that South Africa has seen since March 2016.  read more
#BlackFriday: Wallet squeeze increases sensitivity to prices

#BlackFriday: Wallet squeeze increases sensitivity to prices

23/11/2018 - 10:21
Wallet squeeze has seen South African consumers growing increasingly sensitive to prices and promotions over the past several years.  read more
Inflation accelerates in October, as expected

Inflation accelerates in October, as expected

21/11/2018 - 11:01
Inflation accelerated slightly to 5.1% in October from 4.9% in September, matching the economists’ consensus.  read more
Global competitiveness: Sub-Saharan Africa still lags behind

Global competitiveness: Sub-Saharan Africa still lags behind

20/11/2018 - 08:16
The latest World Economic Forum Global Competitive Index (GCI) finds Sub-Saharan Africa to be the poorest performing region globally. The only apparent bright spot is Mauritius, among the top 50 countries in the world.  read more
Growing import demand contributes to expanding logistics and warehousing sector

Growing import demand contributes to expanding logistics and warehousing sector

16/11/2018 - 11:05
The inflow of imports, most consumer goods, is contributing to increasing demand for storage, logistics and warehousing services in South Africa, and a clear correlation is visible in the trend of wholesale and retail trade sales in comparison to imports. read more
Uptick in retail sales likely enough to end recession

Uptick in retail sales likely enough to end recession

16/11/2018 - 10:00
A meagre boost in the retail sector will likely see SA steer out of the recession. read more
SA loses R6-billion + in revenue to illicit alcohol trade

SA loses R6-billion + in revenue to illicit alcohol trade

15/11/2018 - 14:03
The South African economy suffered a fiscal loss of R6.4-billion (USD$492-million) in 2017 due to illicit alcohol activities, which generates an annual revenue of R12.9bn and goes unregulated.  read more
Retail sales growth half that forecast by economists

Retail sales growth half that forecast by economists

14/11/2018 - 14:09
Muted growth in the retail sector may be enough to help steer SA out of a recession. read more
SA’s economy: what could go right?

SA’s economy: what could go right?

14/11/2018 - 08:46
After the reality check provided by the medium-term budget as to the sorry state of the country’s public finances, and with rising jitters about global growth, it is hard to be optimistic about the prospects for SA’s economic recovery. read more
Opportunity and threat in Africa’s growing waste sector

Opportunity and threat in Africa’s growing waste sector

12/11/2018 - 16:34
South Africa faces both an opportunity and threat from the looming deluge of waste that will be generated on the continent. If recent projections prove to be correct, Africa’s municipal solid waste by 2025 will be nearly double the 2012 levels. read more
Western Cape agribusiness sector set for growth which will in turn boost tourism

Western Cape agribusiness sector set for growth which will in turn boost tourism

07/11/2018 - 08:46
The Western Cape’s agribusiness sector looks set for growth in the coming years with the province’s trade and investment promotion agency announcing that it has landed committed investments in the sector amounting to R756m.  read more
SA recorded a surprise trade deficit in September

SA recorded a surprise trade deficit in September

06/11/2018 - 10:22
SA recorded a shock trade deficit of R2.95bn in September — a far cry from analysts expectations of a surplus. read more
Food prices dip in October

Food prices dip in October

05/11/2018 - 13:37
International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, according to the United Nations. read more
Land reform uncertainty stalls investment in agricultural industry

Land reform uncertainty stalls investment in agricultural industry

05/11/2018 - 09:58
Continuing uncertainties over the government’s expropriation without compensation land reform programme has stalled investments in the agricultural industry with farmers holding back on buying machinery in the past few months. read more
Sweet surprise for Treasury as sugar tax puts more than expected in the pot

Sweet surprise for Treasury as sugar tax puts more than expected in the pot

31/10/2018 - 09:05
The Treasury has generated more money than it anticipated from its new tax on sugary drinks, despite moves by some manufacturers to reformulate products to reduce their sugar content. read more
Why SA should have hiked VAT at 16%

Why SA should have hiked VAT at 16%

30/10/2018 - 09:11
The 2018 Medium-Term Budget Policy Statement (MTBPS) delivered by finance minister Tito Mboweni contained a clear picture of the past mistakes that will continue to haunt South Africa in the coming years. read more
Credit growth slows, but is better than expected

Credit growth slows, but is better than expected

29/10/2018 - 14:22
Money supply growth accelerated very slightly, while credit extended to consumers and business grew significantly faster than forecasts. read more
Sanitary pads, white bread flour to be added to VAT free items

Sanitary pads, white bread flour to be added to VAT free items

29/10/2018 - 08:15
FINANCE Minister Tito Mboweni says government proposes that come April 2019, three items, including sanitary pads, will be added to the zero-rated list. read more
SA retail sales jump as spending on consumer goods rises

SA retail sales jump as spending on consumer goods rises

19/10/2018 - 14:31
South Africa’s retail sales rose in August as household goods, clothing and cosmetics grew, data showed on Wednesday, with recovering consumer spending a sign the economy is climbing out of a recession that has piled pressure on President Cyril Ramaphosa. read more
Retail sector shows a glimmer of growth

Retail sector shows a glimmer of growth

17/10/2018 - 13:32
Retailers surprised economists in August, with annual sales growth of 2.5% — far higher than the consensus 0.3%. read more
SA Citrus exports close in on 2 million tons

SA Citrus exports close in on 2 million tons

16/10/2018 - 15:07
Yet another important milestone has been reached by the South African citrus industry. According to Justin Chadwick, CEO of the Citrus Growers’ Association, citrus production has reached a record volume packed for export in 2018. read more
SA could face another VAT increase, say experts

SA could face another VAT increase, say experts

15/10/2018 - 15:16
Senior tax consultant Bernard Sacks told The Weekend Argus that while we will most likely have to wait until the annual budget is delivered in February to find out if a VAT increase is our fate, Tito Mboweni’s medium-term budget policy statement on October 24, his first as finance minister, may provide important clues as to what SA consumers will face next year. read more
Price of red meat expected to skyrocket due to drought

Price of red meat expected to skyrocket due to drought

15/10/2018 - 10:48
The sheep farming area of Beaufort West is suffering from extreme water shortages, and the government and agricultural experts have warned that the price of red meat is set to soar.  read more
SA consumers in tight corner as high prices, fuel hikes take their toll

SA consumers in tight corner as high prices, fuel hikes take their toll

15/10/2018 - 09:47
With more than 40% of South African consumers being technically over-indebted, the reality is that most of them are no longer able to make any further adjustments to their budgets, Neil Roets, CEO of Debt Rescue, told Fin24. read more
Supply chain faces automation disruption

Supply chain faces automation disruption

12/10/2018 - 09:22
Even though automation can enable warehouses to support the same-day and next-day delivery expectations of customers, companies first need to have complete visibility of how their existing supply chain is structured. After all, they cannot embrace future innovation if they do not fully understand their starting position. read more
SA’s factories returning to health

SA’s factories returning to health

11/10/2018 - 14:19
South African manufacturing output grew 1.3% in August from the same month in 2017, a slowdown from July’s 2.8% but beating the economists’ consensus of 0.6%. read more
Record fuel prices to take painful toll on cash-strapped consumers, SMEs - CEO

Record fuel prices to take painful toll on cash-strapped consumers, SMEs - CEO

10/10/2018 - 09:32
The latest fuel price increase, the highest on record so far, will seriously affect already stretched household finances, according to Gwarega Mangozhe, CEO of the Consumer Goods Council of SA (CGCSA). read more
SA in longest downward business cycle since 1945 - report

SA in longest downward business cycle since 1945 - report

09/10/2018 - 09:03
South Africa is in the longest downward business cycle since 1945, according to a report by the Centre for Risk Analysis (CRA) at the Institute of Race Relations (IRR). read more
Reducing the regulatory burden in SA

Reducing the regulatory burden in SA

08/10/2018 - 08:30
Proposed amendments to the Companies Act are meant to close loopholes and bring SA practice in line with broader trends. The reduction of regulatory burden is welcome, but some aspects are problematic. read more
SA’s economy could remain in the doldrums, survey shows

SA’s economy could remain in the doldrums, survey shows

05/10/2018 - 10:20
The Standard Bank PMI remained in contractionary territory for a third consecutive month. read more
Bleak manufacturing outlook as PMI keeps falling

Bleak manufacturing outlook as PMI keeps falling

02/10/2018 - 10:23
The poor PMI for September indicates that production in the manufacturing sector will be subdued. read more
Agricultural crime cost SA R7.7bn in 2017

Agricultural crime cost SA R7.7bn in 2017

01/10/2018 - 11:27
A report commissioned by agricultural industry body AgriSA found seven out of 10 commercial farmers experienced at least one incident in 2017. read more
Surprise trade surplus lifts SA’s outlook

Surprise trade surplus lifts SA’s outlook

01/10/2018 - 08:37
A surprise trade surplus in August bodes well for SA’s current account. read more
Producer inflation accelerates in August

Producer inflation accelerates in August

28/09/2018 - 09:37
Factory and farm gate inflation, as measured by the annual change in the producer price index (PPI), accelerated to 6.3% in August from 6.1% in July. read more
Key insights into the African pork market

Key insights into the African pork market

26/09/2018 - 08:58
According to the report "Africa: Pork (Meat Of Swine) - Market Report. Analysis And Forecast To 2025", recently published by IndexBox, in 2017 the pork market in Africa expanded to 1.6M tonnes, maintaining a steady upward trend over the last ten year period.  read more
SA portfolio inflows plummet in second quarter, data shows

SA portfolio inflows plummet in second quarter, data shows

26/09/2018 - 08:36
Portfolio investments into the South African economy fell sharply in the second quarter, as investor risk-aversion towards emerging markets rises, Reserve Bank data showed. read more
Households spend less in second quarter as drop in disposable income bites hard

Households spend less in second quarter as drop in disposable income bites hard

25/09/2018 - 10:33
Households were under strain in the second quarter of 2018, a report from the SA Reserve Bank shows.  read more
Egypt lifts SA fresh goods ban as listeriosis threat subsides

Egypt lifts SA fresh goods ban as listeriosis threat subsides

20/09/2018 - 14:32
The department of agriculture, forestry and fisheries says Egypt's government has lifted its temporary suspension of fresh fruits and vegetable imports from South Africa, which stood as a precaution to prevent the spread of listeriosis there. read more
With August's CPI lower than expected, a hike in interest rates will be a close call

With August's CPI lower than expected, a hike in interest rates will be a close call

19/09/2018 - 10:22
Consumer inflation surprised to the downside in August, lessening the likelihood of an interest-rate increase by the SA Reserve Bank. read more
Low business confidence bodes ill for SA

Low business confidence bodes ill for SA

18/09/2018 - 14:33
SA’s battered economy will come under further strain as business confidence reached its lowest level in a year. read more
SA table grape industry returns to normal crop

SA table grape industry returns to normal crop

13/09/2018 - 08:16
Good winter rains to date have largely broken the severe drought in the Western Cape. This positive outlook, linked to new plantings and new cultivars, brings the South African table grape industry back onto its positive growth curve. read more
Retail trade sales up by 1.3% as appliances, clothing show growth - Stats SA

Retail trade sales up by 1.3% as appliances, clothing show growth - Stats SA

12/09/2018 - 16:25
Retail trade sales for July grew by 1.3% year-on-year in real terms - with appliances and clothing indicating significant growth, Stats SA. read more
Manufacturing sector shows good growth in the third quarter

Manufacturing sector shows good growth in the third quarter

12/09/2018 - 08:45
The manufacturing sector kicked off the third quarter with strong growth. read more
Storm clouds gathering for SA consumers, economists warn

Storm clouds gathering for SA consumers, economists warn

11/09/2018 - 09:06
Storm clouds are gathering and are about to burst for consumers, economists warned, after poor GDP data released this week confirmed that South Africa was in a technical recession. read more
Confidence in agribusiness falls to two-year low, on uncertainty over land

Confidence in agribusiness falls to two-year low, on uncertainty over land

11/09/2018 - 08:16
An index tracking confidence in the agriculture industry declined to the lowest level in two years as the governing party presses ahead with plans to change the constitution to expropriate land without compensation. read more
Drought, not policy uncertainty, blamed for agriculture crash

Drought, not policy uncertainty, blamed for agriculture crash

10/09/2018 - 10:56
The alarming agriculture figures that dragged SA into recession were not the result of policy uncertainty about land reform. read more
SA retailers taking heavy strain

SA retailers taking heavy strain

05/09/2018 - 10:14
South African retailers across the board are taking strain, with consumers under pressure due to an unprecedented VAT increases and record fuel prices. read more
SA agriculture economy enters recession

SA agriculture economy enters recession

05/09/2018 - 08:44
After contracting by 33,6% quarter over quarter (q/q) in the first quarter of this year, the South African agricultural economy entered technical recession in the second quarter following a further 29,2% q/q contraction. read more
Grim factory activity weighs on economy

Grim factory activity weighs on economy

04/09/2018 - 11:17
The purchasing managers’ index for August plunged more than eight points, deep into contraction territory. read more
SA records shock trade deficit for July

SA records shock trade deficit for July

31/08/2018 - 14:28
SA recorded a shock trade deficit of R4.66bn in July, falling well short of analysts’ expectations. read more
Private sector credit growth hits a soft patch in July

Private sector credit growth hits a soft patch in July

30/08/2018 - 09:24
Growth in credit granted to the private sector slowed in July, undershooting market expectations. read more
Zero rated VAT items: how South Africa is going about expanding the list

Zero rated VAT items: how South Africa is going about expanding the list

28/08/2018 - 15:58
South Africa is processing a new report produced by an independent panel that reviewed the current list of items exempted from Value Added Tax (VAT).  read more
Counterfeit goods threaten SA economy

Counterfeit goods threaten SA economy

27/08/2018 - 15:13
South Africa needs to stand up and fight the problem of counterfeit goods as it has the potential to destroy the economy and lead to unemployment in the country, Paul Ramara, a partner at Spoor & Fisher has warned.  read more
Financial inclusion and support key to unlocking the power of entrepreneurship in Africa

Financial inclusion and support key to unlocking the power of entrepreneurship in Africa

23/08/2018 - 10:43
Driving financial inclusion amongst entrepreneurs and small business owners in Africa will ensure that they are equipped with the knowledge to transform their businesses into productive and sustainable contributors to the continent’s economy.  read more
Consumer inflation rises slightly faster than expected, led by fuel

Consumer inflation rises slightly faster than expected, led by fuel

23/08/2018 - 09:42
Inflation accelerated to a 10-month high of 5.1% in July from 4.6% in June, coming in slightly higher than economists anticipated. read more
South Africans changing spending habits due to financial pressure, index shows

South Africans changing spending habits due to financial pressure, index shows

22/08/2018 - 09:22
South Africans are under financial pressure and have adjusted their spending behaviour to weather the economic headwinds, according to Shergeran Naidoo, head of stakeholder relations at BankservAfrica. read more
Superfruits can help save SA economy

Superfruits can help save SA economy

21/08/2018 - 08:54
While South Africa was creating jobs and achieving some economic growth, these processes were not happening fast enough to keep up with the rate at which the population was growing and people were entering the job market. read more
Wholesale trade sales shrank in real terms in June compared to 2017

Wholesale trade sales shrank in real terms in June compared to 2017

17/08/2018 - 09:56
Wholesale trade sales shrank in real, inflation-adjusted terms in June compared with a year earlier and eked out a 0.1% gain for the quarter. read more
June’s retail growth just a third of that expected, raising recession risk

June’s retail growth just a third of that expected, raising recession risk

16/08/2018 - 09:26
June’s retail sales growth was only a third of what economists expected, raising the risk that SA entered a technical recession in the second quarter.  read more
Rob Davies aids embattled sugar industry with higher import duty

Rob Davies aids embattled sugar industry with higher import duty

15/08/2018 - 10:49
Trade & industry minister Rob Davies has come to the aid of the embattled sugar industry, approving an increase in import duties on sugar. read more