Tag: Recession
South Africa may consider rate increase in grip of a recession
South African policy makers may be about to consider whether to follow counterparts from Russia to Turkey and raise interest rates – even when...
FirstRand braces for tough times
DURBAN – FirstRand is anticipating tougher trading conditions in South Africa as the country entered a technical recession, but the group remains confident that...
SA is not actually in a recession – economist Roelof Botha
South Africa is not in a recession, despite the latest gross domestic product (GDP) figures released by Statistics SA, economist Roelof Botha said on Thursday.
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South African recession is ‘transitional issue’ – Ramaphosa
JOHANNESBURG - South Africa’s slide into recession is a “transitional issue” from which the economy will soon recover, President Cyril Ramaphosa said in comments published...
10 things you need to know about SA’s first recession since 2009
Stats SA announced on Tuesday that the country's real gross domestic product contracted by 0.7% in the second quarter of 2018. This follows a revised...
Recession reignites credit-rating downgrade concern
South Africa’s unexpected slump into a second recession in almost a decade has boosted fears of another round of credit-rating downgrades that could see...
Rand slumps as SA enters recession for first time since 2009
PRETORIA - South Africa entered recession in the second quarter for the first time since 2009, data showed on Tuesday, in a stinging blow...
Rand slips 3% as SA edges towards recession
The rand fell as much as 3% against the US dollar on Wednesday, buffeted by a spate of bad domestic news, as global investors...
Economy teeters on the brink of recession
In spite of President Cyril Ramaphosa’s attempts to revive the country’s struggling economy, there is a strong possibility it may slip into recession.
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Farming helps grow South African economy out of recession
South Africa emerged from a recession in the second quarter as agriculture helped the economy expand more than expected, official figures showed on Tuesday,...
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