SA economy

BREAKING: Economy shrinks by 0.6% in third quarter

SA’s economy shrank by 0.6% in the three months to end-September, Stats SA announced on Tuesday. This is the second time this year that SA’s economy has contracted.  In the second quarter of the year the economy grew by 3.1%, after shrinking by 3.2% in the first quarter. Stats SA said one[…]

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The genuine impact of counterfeit goods in SA

In a struggling economy like South Africa’s, purchasing legitimate – and often expensive – goods is a luxury not all can afford. Many in Cape Town, at least, know of someone or someplace that stocks counterfeit goods and often, very secretively, purchase from these distributors. However, many overlook the economic[…]

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More retrenchments are coming, CCMA projects

The Commission for Conciliation Mediation and Arbitration (CCMA) says it foresees more retrenchments in workplaces, as factors such as the Fourth Industrial Revolution (4IR) take over. “Currently, the biggest contributor to retrenchments is the 4IR. We are seeing that based on the number of referrals we are receiving. We do[…]

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Zuma factor stymies Gordhan’s bid to rescue economy

Finance Minister Pravin Gordhan’s efforts to restore investor confidence in Africa’s most-industrialised economy and ward off a junk credit rating are being frustrated by the very man who appointed him to his post. President Jacob Zuma has spent the past five months lurching from one scandal to the next and[…]

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