economy

While the fall was grim, SA's economy did not halve between the first and second quarters of the year. Stats SA uses annualised data - a technique also employed in the USA and Canada - to headline GDP change between quarters. But one-off events like SA's hard lockdown can cause the data to be less helpful…

(Photo by Nardus Engelbrecht/Gallo Images via Getty Images) Nearly a third of informal workers were "locked out" of employment during April, at the height of lockdown.Researchers suggest government increase social protections to informal sector participants substantially.Interventions call for the extension of the special Covid-19 grant to the end of 2020. To better protect informal workers from the…

It was "much ado about nothing" for the rand despite devastating news for the SA economy in Finance Minister Tito Mboweni's supplementary budget speech delivered on Wednesday afternoon. This was because much of the bad news was already priced in, said Andre Botha, senior currency dealer at TreasuryONE. "It was a case of much ado about nothing,…

The SA economy is said to contract to levels last seen since the Great Depression of the 1930s. South Africa will record its worst economic performance since the Great Depression with Treasury projecting a contraction of 7.2% because of the Covid-19 pandemic has exacerbated the already weak economic environment.During the tabling of the special adjustment…

President Cyril Ramaphosa has called on white South Africans to assist in working on creating an inclusive economy.Ramaphosa said there should be inclusive growth on strategic sectors like land and the ownership of companies.Broad-Based Black Economic Empowerment (BBBEE) is here to stay, Ramaphosa told MPs.President Cyril Ramaphosa has called on white South Africans to assist…