What does Australia’s recession mean for the mining industry? On 3 June Australia it was reported that the Australian economy shrank 0.3% in the three months to the end of March. Given that most of the impact of the COVID-19 shutdowns happened after that, it is certain that the economy will shrink far more in the three months to the end of June.
SA's recession to hit revenue collection - finance minister. Nene said on Monday that there is a significant downside risk to revenue collection due to a recession and problems in tax collection.
Trade wars: winners and losers - Where does South Africa fit in? ECONOMIC NEWS. Issued by Epic MSL Group - May 30th 2018, 11:19. Amid an increasingly unstable geopolitical landscape, the looming possibility of a global trade war carries the risk of severe negative macroeconomic consequences, in that both the US and Chinese economies could begin to decelerate, triggering a worldwide recession.What Does This Mean For The Man On The Street? Firstly, the general living standards of South Africans cannot improve unless there is economic growth. With already high unemployment numbers, a recession puts further pressure on the job market and on industries with large labour forces. Most businesses struggle during tough times such as these.Definition: An economic recession is a significant decline in economic activity, real GPD, real income, employment, industrial production, and sales following a decline in the aggregate demand for at least two quarters. What Does Economic Recession Mean? What is the definition of economic recession? When the government imposes higher interest rates, the cost of money rises, thus.
Economic expert predicts South Africa will exit recession in the next quarter After slipping into recession on Tuesday, a rainy day for the SA economy might just be drawing to a close with a ray.Read More
What Type of Economy Does South Africa Have? South Africa has an emerging market economy built primarily around the tertiary, or service, sector. Since being freed from international sanctions in 1993, South Africa has developed the second largest economy in Africa, and it is responsible for nearly a quarter of the GDP of the continent.Read More
South Africa’s economy narrowly avoids recession. South Africa’s economy grew by 0,7% in the third quarter of 2015, according to preliminary estimates of real gross domestic product (GDP) released by Stats SA. Unless otherwise stated, growth rates are quarter-on-quarter, seasonally adjusted and annualised. After experiencing a 1,3% contraction in the second quarter, the marginal GDP growth.Read More
One of the causes of the recession in South Africa is the slowdown in the manufacturing sectors. This made a huge impact on the country's economy.Read More
No one really knows which boffin coined it but it’s largely accepted wisdom that a technical recession is when you have two quarters in a row of economic contraction i.e. our economy shrinks and things go south. The term we use to measure an economy’s growth is the Gross Domestic Product (GDP) which is the market value of all the final goods and services a country makes in a year. FYI.Read More
In South Africa, there has been speculation that the recession has led to an increase in fraudulent claims. These could be patient or doctor-related. Dr James Arens, Clinical Operations Executive of Pro Sano, says: “A practitioner might load their bill, so that a legitimate procedure is padded with all sorts of additional codes, which patients often do not understand or think to question.”.Read More
What does a recession mean for SA Barrie van Zyl, Moneyweb Picture: Shutterstock How South African consumers can cope with it. What is a recession? A country enters into a technical recession when.Read More
In the aftermath of the recent global recession, populism, protectionism and corruption are on the rise globally. A series of populist electoral and referenda victories have swept the world, most recently in Turkey. What does this seeming retreat of democracy mean for Africa? According to The Economists Intelligence Unit’s Democracy Index, 2016 is noted as the year of global democratic.Read More
South Africa has been rocked by news that it has slipped into a recession after its gross domestic product (GDP) declined 0.7% during the first quarter of 2017 after contracting by 0.3% in the fourth quarter of 2016. Jannie Rossouw explains what it means. What is a technical recession? It’s when an economy suffers two consecutive quarters of negative economic performance.Read More
A recession is not the end of the world, but the fear could cripple your rational thoughts and you could end up making emotional and negative decisions. Sliding into a recession is not anything new, and South Africa has been in recession eight times since 1961, the longest being between 1991 and 1992.Read More