Tag Archives: Economy

Load-shedding ‘cripples’ water operations in parts of Durban, leaving residents without a drop

FacebookTwitterLinkedinemailPrintSuthentira Govender, Sowetan Live, 18 January 2021 The eThekwini municipality has blamed load-shedding for several areas in Durban going without water at the weekend. Read More

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Rising government debt reason for SA economy downgrade

FacebookTwitterLinkedinemailPrintSABC News, 23 November 2020 Moody’s and Fitch Ratings agencies both downgraded South Africa’s sovereign credit rating deeper into sub-investment territory or junk status, after the close of the JSE on Friday. Read More

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Coronavirus pandemic worsens SA’s already fragile economy: Report

FacebookTwitterLinkedinemailPrintAmina Accram, SABC News, 31 July 2020 Persistent electricity shortages, rising government debt, and policy uncertainty will continue to hold back investment and underscore low growth for South Africa in 2020. This is according to a newly-released report. Read More

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South Africa loses 3 000 jobs in first quarter – Stats SA

FacebookTwitterLinkedinemailPrintANA Reporter, 28 July 2020 South Africa shed 3,000 jobs in the non-agriculture sector in the first quarter of the year, the national statistics agency said on Tuesday. Read More

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Recession & food crisis looms for Africa – World Bank

FacebookTwitterLinkedinemailPrintGabriel Seeber, City Press, 13 April 2020 Africa’s forecast of 2.4% growth for the year has been dealt a deathblow by the global Covid-19 coronavirus pandemic. Read More

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SA’s business confidence drops to its lowest in 7 months due to COVID-19

FacebookTwitterLinkedinemailPrintSifiso Zulu, Eyewitness News, 8 April 2020 South Africa’s business confidence has dropped to its lowest in seven months as the global COVID-19 pandemic impacted vehicle sales and saw the rand weaken against major currencies. Read More

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