South Africa’s economy likely grew more than 2% in the first quarter, beating economists’ forecasts, an index with a strong correlation to GDP shows.
Browsing: Mike Schussler
Businesses countrywide will from 1 February pay up to 1 700% more for unrest insurance, with e-commerce companies are also in for a nasty surprise.
The ongoing power cuts in South Africa are expected to result in the shedding of at least 350 000 jobs, despite projections of 3.9% economic growth for 2021.
Finance minister Tito Mboweni will have to find money to help the economy recover from its longest recession in three decades and bail out state companies in a budget that’s projected to record the biggest shortfall since 1914.
Eskom’s severe rolling blackouts last month had a significantly negative impact on South Africa’s economy, according to new data from BankservAfrica.
The pass rate for final-year pupils at public schools in South Africa rose to the highest since 2013, but the real pass rate may be closer to 40%.
The country is facing load shedding due to the disruption of Eskom operations by striking Eskom employees. The management of the utility, which is at risk of losing its going concern status, earlier announced there
South Africa faces a stark choice: risk strikes by as many as 1.3m government workers or meet their pay demands and jeopardise its credit rating. After years of above-inflation increases, public sector unions now want nothing less than
South Africa’s finance ministry has asked for a study into the introduction of an annual wealth tax as the government seeks to boost the standard of living of the black majority. The Davis Tax Committee
Splits in South Africa’s ruling party over a police investigation of the finance minister are marking the battle lines for control of the ANC after President Jacob Zuma steps down as its leader next year. The tension within the party