An influential South African business group has urged the Government to accelerate structural reforms in order to boost its economic recovery from the restrictions put in place to fight the spread of COVID-19. The South African Chamber of Commerce and Industry’s (Sacci) business-confidence index recovered to...
South Africa has fallen into another recession after its economy shrank by 1.4% in the final quarter of 2019, according to latest GDP figures released by Statistics SA on Tuesday. The Q4 contraction followed a 0.8% decline in GDP in the third quarter of last year,...
South Africa’s GDP grew more than expected in the second quarter of 2019, boosting the likelihood of the country’s economy avoiding a recession this year after a shock downturn in the first quarter. Official GDP growth in the three months to June beat analyst expectations of...
South Africa’s economy grew by 2.2% in the third quarter of 2018, thus lifting the country out of recession after recording a 0.4% contraction in the previous quarter of the year. Latest quarterly data revealed that manufacturing and agriculture were key contributors to South Africa’s better...