South Africa GDP halves in second quarter as pandemic bites
South Africa’s GDP more than halved in the second quarter as the country’s fragile economy was decimated by the fallout of the coronavirus pandemic.…
Tagged in: South Africa
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Black economic power matters: Is South African transformation dead?
Thirty years after Nelson Mandela’s release from prison, the ANC’s vision of economic equality for the black majority is still far from being realised.…
Sibanye’s interim profit surges, raises dividend expectations
The world’s number one platinum-group metals (PGM) supplier has performed strongly as high metal prices offset Covid disruptions at its South African mines and US recycling plant.…
Cyril Ramaphosa orders government to provide details of Covid-19 tenders
In South Africa, a new ministerial committee will look at all corruption allegations to help law enforcement agencies, and the information will be made public.…
South African retail and the story of Africa’s consumer boom
As Shoprite announces its probable withdrawal from Nigeria, Dianna Games examines the rise and fall of South African retail expansion across the continent and what it tells us about Africa’s wider investment climate
The retail sector in Africa has been one of the big success stories of the past decade, driven initially by a consumer boom in a handful of high-growth economies, demographics and a growing middle class.…
South Africa’s energy woes trigger rethink among neighbours
Neil Ford reports on national and regional energy transition strategies in Southern Africa
The power strategies of many Southern African states are heavily influenced by the trials and tribulations of South Africa’s state-owned power utility, Eskom, because of its role in supplying electricity to the Southern African Power Pool (SAPP) region.…
South African media and political economy with Lukanyo Mnyanda, editor of Business Day
Listen to African Business Podcast Series 2, Episode 1: South African media and political economy with Lukanyo Mnyanda, editor, Business Day
In this first episode of Series 2, we speak to Lukanyo Mnyanda, editor of Business Day, Africa’s leading financial daily, based in Johannesburg.
South Africa cannot afford a large stimulus and it will not boost growth
Raising taxes reduces income and higher debt service costs crowd out important economic and social expenditure, says Duncan Pieterse
There have been several calls for a large fiscal stimulus to support SA’s post-Covid recovery.…
South Africa’s banks buckle up for a bumpy ride
South Africa’s banks, like the country’s economy, are bracing for a rough ride.…
South African insurers step up to the plate
In the wake of Covid-19, the demand for insurance payments to cover loss of life, health provision and business losses has been unprecedented.…