Tag ArchivesGDP


SARB hikes repurchase rate

The SA Reserve Bank (SARB) has raised the repo rate by 50 basis points to 6.75 percent, due to concerns about inflation and the local currency. (more…)

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Prof. Raymond Parsons - NWU Potchefstroom Business School

SA as nation set to be poorer next year

The good news about the GDP 3Q2015 figures is that, by coming in at 0.7%, after negative growth of -1.3% in 2Q2015, SA has narrowly avoided a ‘technical recession’, defined as two consecutive quarters of negative growth. (more…)

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Johann Els

SA recovery on track despite global shocks

South African consumers can find some reassurance in the fact that, despite the serious shocks seen around the globe in the first quarter of the year, the economic recovery underway in South Africa is still o­n track and growth prospects remain positive, according to Johann Els (pictured), senior economist at Old Mutual Investment Group SA […]

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Official unemployment in SA down

Official unemployment rate falls On Wednesday 8 February, Stats SA released the Labour Force Survey (LFS) for Q4 2010. The LFS is a quarterly household survey specifically designed to measure the dynamics of employment and unemployment in South Africa, including the informal sector as well as small-scale subsistence farmers. Stanlib economist Kevin Lings notes that […]

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