Economics

SARB economist: The Reserve Bank can only do so much

South African Reserve Bank Monetary Policy Committee member and head of economic research and statistics, Rashad Cassim, has said the Reserve Bank has done much good for South Africa’s economy, but the structural economic problems that pervade South Africa are beyond its power. Cassim was speaking in Cape Town on[…]

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South Africa targets Uganda for bilateral relations

South African companies in the agro-processing, capital equipment, energy and furniture sectors will show off their wares while on an Outward Trade and Investment Mission (OTIM) to Uganda. The OTIM, which is organised by the Department of Trade and Industry (dti), will get underway on Sunday. “The mission will also introduce[…]

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Ramaphosa vows action on country’s rising unemployment

South Africa’s unemployment rate rose by half a percentage point to 27.6 percent, official data showed on Tuesday, underlining the challenge facing President Cyril Ramaphosa after his African National Congress (ANC) government won elections last week. The job losses focussed on the construction, finance and social sectors, with 6.2 million[…]

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‘Unemployment can only be alleviated if the economy improves’

Chief economist at Nedbank Dennis Dykes says unemployment in South Africa can only be alleviated if the economy improves. Statistics South Africa revealed an increase in the unemployment rate on Tuesday. It reported that the number of unemployed people increased by 62 000 to 6.2-million in the first quarter of the year. The country’s[…]

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Analysts expect increase in unemployment rate

Analysts are expecting a 0.3 percentage point increase in the unemployment rate as Statistics South Africa gears up to release the employment numbers for the first quarter of 2019 on Tuesday. South Africa’s official unemployment rate was recorded at 27.1% in the fourth quarter of 2018 and is now expected[…]

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