We know, we know: It’s hard to think of “South Africa’s economy” and “good news” in the same breath, but trust us on this one – there is some reason to celebrate. It centres on the GDP, a measure of how big our economy is; that is, how many goods and services are being sold. …
We previously told you that our national wallet got a boost thanks to a commodities boom, giving the economy a temporary lift. Now we’re also happily seeing the Rand basking in some glory.🌞 Last month, economists said the local currency had become the world’s best performing emerging market currency – also thanks to the commodities …
More good news: South Africa’s economy, measured by our Gross Domestic Product (GDP), expanded by 1.1% in the first quarter of 2021 to 4.6% – better than the 3.1% that economists predicted. With the positive growth so far, economists have been reviewing their forecasts for economic growth. Some now say they expect the economy to …
1. Our take: Shuffle that cabinet, Mr president What’s your new Health Minister’s name? We don’t blame you if you can’t answer that one yet. We told you last week Zweli Mkhize was on his way out as health minister thanks to the dodgy Digital Vibes contract, and lo, it has come to pass. In …
10 June ’21 Wrap: Shuffle (and cut) that cabinet, Mr President Read More »
Eskom has warned there’s a high probability of load-shedding this week. Check your schedule and charge your devices. Other than that, this week we’re looking at inflation – the overall increase in the price of goods and services. It’s usually an indication that things are a little out of balance in the economy, and unfortunately, …
Welcome to our new section, #adulting 101, where we bring you the latest news you need to know as an adult. Not the xxx type 🤭, but rather admin-related news that affects your life and your pocket. This week there’s vaccine registration and bank fees. Phase 2 registration If you are over 60 and haven’t …
OUR TAKE: WRONG MOVE, ACE By now you know the ANC’s secretary-general Ace Magashule has finally been suspended and is, of course, fighting back. Naturally, he posted a photo of himself playing chess. So much symbolism! The cunning! The strategy! The… technical error? That’s right: the shot shows Magashule about to move a pawn that …
13 May ’21 Wrap: SA’s economy is ready to party again Read More »
Johannesburg’s electric vehicle (EV) rollout may be accelerated with the UK’s help; it just gave us R64 million to fund ten green projects. One is ambitiously aiming for all new buildings in Johannesburg to be “net-zero carbon” by 2030 and to support electric vehicle rollouts. 🚙 NPO Sustainable Energy Africa, which is spearheading the vehicle …
In an economy as depressing and financially strained as ours, it’s tempting to say, “eat the rich”, in the infamous words of Genevan philosopher Jean-Jacques Rousseau. But a group of academics have a better idea: tax them! An annual tax on SA’s richest people could raise over R160bn for SA, a new report by groups …
In a nutshell, the plan outlines how government plans to invest heavily in infrastructure and use localisation – that means getting things done and buying locally – to boost the economy.