Tag Archives: Economy

Most South Africans need about two thirds of salary to pay debts – report

FacebookTwitterLinkedinemailPrintIna Opperman, The Citizen, 8 November 2022 Most income groups need about two thirds of their take home salary to pay their debts and with no meaningful increase in real income, the combination of rising interest rates and inflation is … Continue reading

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Rand nears weakest point in two years as load shedding continues

FacebookTwitterLinkedinemailPrintCheryl Kahla, The Citizen, 25 October 2022 The US dollar made gains on Tuesday as the Rand weakened to its lowest point in two years, with load shedding being one of the driving factors. Read More

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Global interest rates will affect people living in South Africa

FacebookTwitterLinkedinemailPrintSABC News, 27 September 2022 The World Bank has expressed concern about the impact of the current global financial challenges on emerging and developing economies. Read More

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SA’s 0.7% GDP decline means possible job, wage cuts on horizon

FacebookTwitterLinkedinemailPrintInna Opperman, The Citizen, 6 September 2022 The new gross domestic product (GDP) data is not good news for consumers, with the latest fall in real GDP meaning that the size of South Africa’s economy in the second quarter was … Continue reading

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South Africa remains the most unequal country in the world: World Bank

FacebookTwitterLinkedinemailPrintAFP, 10 March 2022 South Africa is the most unequal country in the world, with race playing a determining factor in a society where 10% of the population owns more than 80% of the wealth, a World Bank report said … Continue reading

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SA’s economy grew at fastest pace in 14 years in 2021

FacebookTwitterLinkedinemailPrintMonique Vanek and S’thembile Cele, Sowetan Live, 8 March 2022 SA’s economy expanded at its fastest pace in 14 years in 2021, rebounding from a coronavirus-induced contraction the year before. Read More

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