Dark clouds are gathering for South Africa with fears the ailing economy – which shrunk by 1.2% in 2016’s first three months – could fall into recession after hitting a slump in the first quarter of 2016. Although a technical recession is described as two successive quarters of economic decline,[…]
South Africans are facing tough economic times ahead as the country faces the biggest currency decline in years. The rand hit a new low earlier this week coming in at R14 to the dollar, a result of a stock market crisis that is threatening to cripple the Chinese economy. China’s[…]
The slow puncture of property prices decreasing to levels that better reflect a poorer economy has started, FNB property economist John Loos revealed in Cape Town on Thursday. ”We’ve had all the structural changes, adjustments in rates and jumps in the energy market,” he told media at the FNB Portside[…]
Calls are increasing for the privatization of South Africa’s sole energy provider, Eskom, as uncertainty remains over when the current spate of rolling blackouts will end. With the power grid expected to remain constrained for the foreseeable future, economists have warned that insufficient power could have a detrimental effect on[…]
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