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Economics

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10 Apr 2020
Lockdown: SACCI suggests ‘staggered’ return to business

The South African Chamber of Commerce and Industry (SACCI), wishes to commend President Ramaphosa on his leadership and management of…

Lockdown: SACCI suggests ‘staggered’ return to business

The South African Chamber of Commerce and Industry (SACCI), wishes to commend President Ramaphosa on his leadership and management of this crisis, in an attempt to flatten the curve of the infection rate of this Covid 19 pandemic.

09 Apr 2020
Economic growth vital to ease Covid-19 ‘double crisis’

South Africa cannot afford to let the private sector alone continue ‘taking the pain’ of the devastating economic consequences of…

Economic growth vital to ease Covid-19 ‘double crisis’

South Africa cannot afford to let the private sector alone continue ‘taking the pain’ of the devastating economic consequences of the Covid-19 pandemic – urgently needed reforms must include reducing state spending and cutting the huge public service wage bill.

09 Apr 2020
COVID-19 drives Sub-Saharan Africa toward first recession in 25 years

Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from…

COVID-19 drives Sub-Saharan Africa toward first recession in 25 years

Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region over the past 25 years, according to the latest Africa’s Pulse, the World Bank’s twice-yearly…

09 Apr 2020
Finance and businesses in the time of COVID-19

The Covid-19 crisis has brought much of the world economy to a sudden stop. Millions upon millions of people are…

Finance and businesses in the time of COVID-19

The Covid-19 crisis has brought much of the world economy to a sudden stop. Millions upon millions of people are in lockdown across the world, preventing them from working, buying, producing and selling goods and services.

08 Apr 2020
March market review: SA recession, Sasol and more

At the start of March, the South African economy had officially tumbled into a recession. This was following GDP data…

March market review: SA recession, Sasol and more

At the start of March, the South African economy had officially tumbled into a recession. This was following GDP data that showed a 1.4% drop in the fourth quarter of 2019, after a contraction of 0.8% in the third quarter.

08 Apr 2020
Covid-19: Impact on banks, non-insurance financial institutions & expectations on regulated entities

In response to the Covid-19 emergency, the South African Reserve Bank (Reserve Bank) and the South African financial sector regulators,…

Covid-19: Impact on banks, non-insurance financial institutions & expectations on regulated entities

In response to the Covid-19 emergency, the South African Reserve Bank (Reserve Bank) and the South African financial sector regulators, the Prudential Authority and the Financial Sector Conduct Authority (FSCA), have implemented several mitigation measures to support the economy and companies.

07 Apr 2020
US jobs slump is just ‘tip of the iceberg’

The US is expected to be about three to four weeks behind Europe in feeling the impact from the Covid-19…

US jobs slump is just ‘tip of the iceberg’

The US is expected to be about three to four weeks behind Europe in feeling the impact from the Covid-19 global pandemic. Therefore, when the US Bureau of Labor Statistics (BLS) reported 701,000 non-farm job losses for the month of March it came as a severe shock.

07 Apr 2020
Government and banks offer debt relief for businesses hit by Covid-19

As South African businesses suffer the impact of the Covid-19 pandemic and national lockdown, small businesses can apply for debt…

Government and banks offer debt relief for businesses hit by Covid-19

As South African businesses suffer the impact of the Covid-19 pandemic and national lockdown, small businesses can apply for debt relief from most of the major South African banks and several State programmes.

06 Apr 2020
Prudential Authority to support banking system in response to COVID-19

The Prudential Authority (PA) of the SA Reserve Bank (SARB) says it welcomes the measures taken by banks to support…

Prudential Authority to support banking system in response to COVID-19

The Prudential Authority (PA) of the SA Reserve Bank (SARB) says it welcomes the measures taken by banks to support their customers during the present period of economic turmoil and uncertainty brought on by COVID-19.

03 Apr 2020
Fitch downgrades South Africa to ‘BB’; outlook negative

Fitch has lowered South Africa’s long term foreign and local currency debt ratings further into non-investment grade by one notch…

Fitch downgrades South Africa to ‘BB’; outlook negative

Fitch has lowered South Africa’s long term foreign and local currency debt ratings further into non-investment grade by one notch to ‘BB’ from ‘BB+’ and has maintained the negative outlook.