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GDP growth for 2018 slightly higher than expectations

GDP growth for 2018 slightly higher than expectations

05/03/2019 - 14:29
SA emerged out of 2018 with growth of 0.8% — which is slightly higher than expectations. 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
Moody’s cautions SA against debt trap

Moody’s cautions SA against debt trap

04/07/2018 - 08:00
Credit ratings agency Moody’s Investors Service has cautioned that if the rand continues to weaken, SA may struggle to raise funds and service its foreign debt, although its vulnerability to tightening global financing conditions remains low. read more
Why the weaker SA economy may be good for local investors

Why the weaker SA economy may be good for local investors

13/06/2018 - 10:55
With confirmation that local GDP declined by 2.2% in the first quarter on the year, followed by a major dip in the rand, doubts have been cast over South Africa’s so-called ‘Ramaphoria’. read more
Positive outlook on agriculture good news for GDP

Positive outlook on agriculture good news for GDP

22/05/2018 - 09:57
As with everything else, the state of agribusiness in SA depends on whom you ask, which in this instance must begin with Statistics SA’s numbers for the contribution agriculture makes to GDP. read more
Higher growth projected for SA economy

Higher growth projected for SA economy

27/02/2018 - 09:59
With an improved economic outlook, South Africa’s Gross Domestic Product (GDP) is projected to come in at 1% in 2018, up from the 0.7% projected last year, said Finance Minister Malusi Gigaba. read more
Helping SA’s SMEs gear up for the summer season

Helping SA’s SMEs gear up for the summer season

17/11/2017 - 13:33
South Africa’s economy is not faring well. The country’s GDP declined 0.3% in the fourth quarter of 2016 and 0.7% in the first quarter of 2017. Second-quarter data for 2017 shows year-on-year GDP growth was 1.1%, and for the six months growth has remained at 1.1%.  read more
Franchising grows despite tight economy

Franchising grows despite tight economy

05/09/2017 - 09:32
Despite trying socio-economic conditions, political uncertainty and tough trading conditions, the franchise sector has held its own over the past four years growing its contribution to the country GDP from 9.7% in 2014 to its present figure of 13,3% and its estimated turnover from R465 billion in 2014 to R587 billion in 2017. read more
Retail sales rise bodes well for end of recession

Retail sales rise bodes well for end of recession

17/08/2017 - 09:32
SA’s GDP could rebound from recession, lifted by positive performances in manufacturing, mining and retail. read more
Uptick in April retail sales figures ‘not sustainable’

Uptick in April retail sales figures ‘not sustainable’

15/06/2017 - 13:09
Despite a grim performance in the first quarter, SA’s retail sector surprised on the upside in April, though depressed consumer confidence is expected to keep retailing constrained. read more
On South Africa’s economy: worse is coming says economist

On South Africa’s economy: worse is coming says economist

23/03/2016 - 11:27
An economist warns that South Africans should brace themselves for tougher economic times as the government waivers on the implementation of its National Development Plan (NDP). read more
Food may become “unaffordable”

Food may become “unaffordable”

03/03/2016 - 10:17
Johannesburg - South Africa's agriculture sector, which has been ravaged by the worst drought in recent times, has seen its input to gross domestic product (GDP) shrink by 14 percent. read more
South Africa worst in the world for drunk driving

South Africa worst in the world for drunk driving

20/10/2015 - 08:37
South Africa has more drunk-driving related deaths than anywhere else in the world does. read more
SA remains unequal, but people are living longer

SA remains unequal, but people are living longer

21/09/2015 - 08:13
Cape Town - Poverty has declined since 1994, but South Africa remains highly unequal and inequality is still largely defined along racial lines. read more
ANC wants to introduce tax on rugby, cricket tickets in SA

ANC wants to introduce tax on rugby, cricket tickets in SA

25/08/2015 - 10:30
The ANC wants to introduce a sport ticket levy in South Africa, which will see the Department of Sport and Recreation take a 5% cut for tickets sold at professional sports events in the country. read more
Logistics hub master plan evolves - Namibia

Logistics hub master plan evolves - Namibia

13/02/2015 - 10:14
Following a Strategic Environmental Assessment (SEA) of the Logistics Hub Master Plan, which began last year, a draft SEA report was produced that suggests the implementation of the Master Plan holds a massive boost to the economy. read more
Fortunes of agric sector slumps further - Ghana

Fortunes of agric sector slumps further - Ghana

21/01/2015 - 14:11
The contribution of the agriculture sector to the total amount of goods and services produced in the country, measured by Gross Domestic Product (GDP), dropped to 19.9% in 2014 from the 21.6% it contributed in 2013, data from the Ghana Statistical Service (GSS) has shown. read more
Growth too slow to solve SA goals

Growth too slow to solve SA goals

05/01/2015 - 12:03
Cape Town - Growth is too slow to solve South Africa’s developmental problems, but the immediate question is if it is actually “low” or if it is all that South Africa is capable of at this point. read more
Retail sales hit 9-month high as consumers buy cheap

Retail sales hit 9-month high as consumers buy cheap

12/12/2014 - 08:44
Retail sales increased to a nine-month high in October supported by increased activity at general dealers and clothing and food retailers. read more
Demand drives improvement in PMI in October

Demand drives improvement in PMI in October

10/11/2014 - 09:26
Operating conditions in South African private companies improved for a third successive month as higher demand, new customers and increased marketing activity led to a rise in new work, an index showed on Wednesday. read more
South Africa’s fastest growing city

South Africa’s fastest growing city

22/10/2014 - 10:26
The City of Cape Town’s latest state of the city report highlights the city’s biggest challenges and successes – including holding the title of South Africa’s fastest growing, and most violent city. read more
Consumers face up to gloomy prospects

Consumers face up to gloomy prospects

06/10/2014 - 13:25
Consumer confidence fell in the third quarter as consumers became less optimistic about SA’s economic growth prospects and their own finances, which are being weighed on by rising interest rates and high inflation. read more
Namibia's GDP slows to 4.4%

Namibia's GDP slows to 4.4%

07/04/2014 - 10:01
Namibia’s GDP growth is estimated to have decelerated to 4.4 % in 2013, preliminary data released by the Namibia Statistics Agency (NSA) showed this week. read more
SA’s GDP growth likely to stay at 2.0%

SA’s GDP growth likely to stay at 2.0%

18/10/2013 - 09:14
Johannesburg - The softer global economy and weak domestic business and household confidence are expected to keep South African GDP growth at 2.0% this year with a marginal pick-up to 2.8% in 2014. read more
Zambia’s 2013 debt to reach 37% of GDP

Zambia’s 2013 debt to reach 37% of GDP

10/10/2013 - 11:52
Zambia’s domestic and external debt for the year 2013 is projected to reach 37 percent of the country’s GDP. read more
How mobile is lifting South Africa’s GDP

How mobile is lifting South Africa’s GDP

30/09/2013 - 13:01
South Africa’s GDP per capita is anticipated to grow by US$241 a year between 2010 and 2020, due to an increase in mobile phone subscriptions.  read more
Namibia, GDP registers 2.3% growth in second quarter

Namibia, GDP registers 2.3% growth in second quarter

23/09/2013 - 11:02
The latest second quarter GDP report released by the Namibia Statistics Agency shows that the economy recorded a slow growth of 2,3% in the second quarter of this year compared to an increase of 12,3% in the same period last year.  read more
SA consumer confidence drags in Africa

SA consumer confidence drags in Africa

17/09/2013 - 08:41
South African consumer confidence has improved for the second half of 2013 according to the results of the latest MasterCard Index of Consumer Confidence, released on Monday (16 September).  read more
Debt grows to N$80bn in July, Namibia

Debt grows to N$80bn in July, Namibia

13/09/2013 - 10:22
The total Namibian debt (comprising domestic and foreign government, corporate and household debt) grew by 0,43% during July to N$80,98 billion, representing an annual growth rate of 9,93%, slightly lower than the growth recorded in June of 10,15%.  read more
V&A Waterfront contributes R198-billion to South Africa’s GDP

V&A Waterfront contributes R198-billion to South Africa’s GDP

10/09/2013 - 11:02
Cape Town, Monday 9 September: According to the results of an economic impact study conducted by economists Economics Information Services (EiS) led by Barry Standish, the V&A Waterfront should be viewed as an economic hub which has contributed some R198-billion to the South African economy over the last ten years alone.  read more
French consumer morale hits record low

French consumer morale hits record low

01/07/2013 - 11:38
Paris - French consumer confidence has hit an all-time low, the latest survey showed on Thursday, just as the state auditor warned that a likely economic contraction would knock the government off course on this year's deficit reduction target. read more
Germany narrowly scrapes by recession

Germany narrowly scrapes by recession

16/05/2013 - 10:04
Frankfurt -The German economy, Europe's biggest, got off to an unexpectedly weak start to the year, as it battled freezing winter weather, sagging exports and weak investment, official data showed on Wednesday.  read more
UK manufacturing contracts slightly

UK manufacturing contracts slightly

06/05/2013 - 08:00
London - British manufacturing contracted by the narrowest of margins in April, and much less than expected, the first major set of data for the second quarter of the year showed on Wednesday. read more
British economy grows in first quarter

British economy grows in first quarter

25/04/2013 - 15:39
London - Britain's economy dodged a return to recession and grew faster than expected in the first three months of this year, providing some political relief for a government under fire over its austerity drive. read more
GDP grows 2.1% in fourth quarter

GDP grows 2.1% in fourth quarter

27/02/2013 - 09:21
Pretoria - South Africa's economic growth quickened to 2.1% quarter-on-quarter in the fourth quarter of 2012 on a seasonally adjusted and annualised basis from 1.2% in Q3, Statistics South Africa said on Tuesday.  read more
Manufacturing slide to hurt employment

Manufacturing slide to hurt employment

26/02/2013 - 08:49
The contribution of South Africa’s manufacturing sector to gross domestic product is now only second biggest and is expected to slide from a historical high of 22 percent to below 12 percent in the future, with negative implications for employment, according to professional services firm Deloitte. read more
British manufacturing output slumps

British manufacturing output slumps

14/01/2013 - 07:35
London - British manufacturing output fell in November and industrial production was weaker than expected, official data showed on Friday, sparking renewed speculation that the economy shrank at the end of 2012. read more
German economy to shrink 'markedly'

German economy to shrink 'markedly'

19/12/2012 - 07:37
Frankfurt - The German economy, Europe's biggest, is set to contract "noticeably" in the fourth quarter of this year and will probably tread water early next year, the Bundesbank forecast on Monday.  read more
SA's formal employment rate rises

SA's formal employment rate rises

12/12/2012 - 09:09
Johannesburg - Employment in South Africa's formal, non-farm sector nudged up 0.1% in the third quarter of 2012, with a decrease in mining jobs offset by additions to the retail and financial sectors, a survey showed on Tuesday.  read more
Sarb sees lower economic growth

Sarb sees lower economic growth

31/10/2012 - 07:57
Pretoria - A report issued by the SA Reserve Bank on Tuesday sees economic growth slowing. read more
Britain set to officially exit recession

Britain set to officially exit recession

22/10/2012 - 07:46
London - Britain was this week set to confirm its official exit from a deep recession, although a return to growth would fail to signal a rosy future for the country's fragile economy, according to analysts.  read more
Clear dip in demand for factory goods

Clear dip in demand for factory goods

04/09/2012 - 08:47
Johannesburg - The seasonally adjusted Kagiso Purchasing Managers' Index (PMI) lost a marginal 0.8 index points in August and is now at a level of 50.2, Kagiso Tiso Holdings said on Monday. read more
India's revised growth data, raises fears

India's revised growth data, raises fears

31/08/2012 - 07:58
New Delhi - India has quietly revised a slew of key economic data ahead of new GDP figures due out on Friday, a move economists say raises questions about the reliability of the country's financial records.  read more
British economy shrinks by 0.5%

British economy shrinks by 0.5%

27/08/2012 - 09:49
London - Britain's economic output fell by 0.5% in the second quarter, which was better than previously thought but still left the country mired in recession, official data showed on Friday.  read more
Eurozone GDP to fall by 0.3% this year

Eurozone GDP to fall by 0.3% this year

10/08/2012 - 11:47
Brussels - The eurozone economy will contract by 0.3% in 2012 before recovering more slowly than expected next year to expand by 0.6%, a poll conducted by the European Central Bank (ECB) revealed on Thursday. read more
PMI drops, dampening GDP outlook

PMI drops, dampening GDP outlook

03/07/2012 - 10:50
Johannesburg - South Africa's seasonally adjusted Purchasing Managers’ Index fell to 48.2 in June from 53.6 in May, dropping into contraction territory for the first time since December and dampening the outlook for overall economic growth in the second quarter. read more
Sub-Sahara growth may firm to 5% in 2012

Sub-Sahara growth may firm to 5% in 2012

14/06/2012 - 08:12
Johannesburg – As global demand firms and domestic demand remains robust‚ economic growth in Sub-Saharan Africa is expected to strengthen to 5% in 2012‚ the World Bank says in its newly-released Global Economic Prospects (GEP).  read more
GDP growth slows, but factory output up

GDP growth slows, but factory output up

30/05/2012 - 07:56
Pretoria - South Africa’s economic growth slowed in the first quarter of 2012, hit by a sharp contraction in mining, but manufacturing showed surprising resilience, suggesting the Reserve Bank might not need to cut interest rates to stimulate output. read more
Inflation quickens to 6.1%

Inflation quickens to 6.1%

25/05/2012 - 08:27
Johannesburg - South Africa's consumer inflation quickened slightly to 6.1% year-on-year (y/y) in April from 6.0% in March, breaching the top end of the Reserve Bank's target band once again, Statistics South Africa data showed on Wednesday.  read more
Interest rates unchanged

Interest rates unchanged

25/05/2012 - 08:14
Johannesburg - The Reserve Bank will maintain current interest rates, governor Gill Marcus said on Thursday. read more
SA manufacturing echoes global skill gap: Deloitte

SA manufacturing echoes global skill gap: Deloitte

07/05/2012 - 08:17
The future of global manufacturing is turning into a competition for global talent according to a new report. This a trend that is mirrored in SA, where a lack of skills is adding to the woes of a manufacturing sector that has grown by just over 2% in five years, according to Deloitte. read more
Rebasing to push Nigerian GDP closer to SA

Rebasing to push Nigerian GDP closer to SA

26/04/2012 - 08:59
Lagos - Nigeria’s gross domestic product (GDP) figures will shoot up by around 40% in the second quarter this year, when Africa’s second-biggest economy changes the base year for its calculation to 2009 from its current 1990, a source close to the matter told Reuters on Wednesday.  read more
SA GDP growth prospects good - Treasury

SA GDP growth prospects good - Treasury

16/04/2012 - 10:41
Treasury Director General Lungisa Fuzile is optimistic on SA's real gross domestic product growth prospects for this year, but the Treasury will wait until October to revise its current 2.7% GDP growth forecast.  read more
GDP, Purchasing Managers Index out this week

GDP, Purchasing Managers Index out this week

27/02/2012 - 09:08
This is a busy week on the local front, with a string of important economic data due for release. Among the most anticipated are SA's fourth quarter gross domestic product figures, credit extension data and the purchasing managers index. read more
Chinese may take place of Americans as spenders

Chinese may take place of Americans as spenders

20/02/2012 - 08:14
The Chinese consumer may not qualify for the description “big spender”. But the traditionally thrifty Chinese may spend more than was previously thought on the things that keep households ticking over every day. read more
Manufacturing to boost fourth quarter GDP

Manufacturing to boost fourth quarter GDP

10/02/2012 - 10:02
Manufacturing production volume grew by 4.1% quarter on quarter (q/q) on a seasonally adjusted annualised basis after contracting in the prior two quarters.  read more
Confidence down as GDP estimate drops

Confidence down as GDP estimate drops

13/01/2012 - 08:03
Johannesburg - Economists were gloomier about South Africa's economic prospects for this year and next on the back of the eurozone debt crisis, while inflation was expected to be a bit higher than previous forecasts, a Reuters poll showed on Thursday.  read more
SA's GDP rises, but growth stunted

SA's GDP rises, but growth stunted

30/11/2011 - 10:14
Pretoria - South Africa’s economic growth came in less than expected at 1.4% in the third quarter of 2011 on a seasonally adjusted and annualised basis, compared with a 1.3% rise in the second quarter, data showed on Tuesday.  read more
SA's 3rd-quarter GDP seen at 1.6% quarter on quarter

SA's 3rd-quarter GDP seen at 1.6% quarter on quarter

28/11/2011 - 08:46
GDP growth in SA is likely to have registered growth of 1.6% quarter on quarter (q/q) seasonally adjusted annualised (saa) in the third quarter of 2011, from 1.3% in the second quarter of 2011, according to a poll of leading economists by I-Net Bridge.  read more
SA needs 10% growth for job creation, warns bank

SA needs 10% growth for job creation, warns bank

08/11/2011 - 08:16
According to the Development Bank of Southern Africa, the country’s gross domestic product needs to grow by 10% per year to create 5-million jobs by 2020 read more