Export Dive Hits Q2 Agribusiness Confidence Index 12 June 2019 – South Africa’s Agribusiness Confidence Index had dropped two points to 44 as exports took a dive in the second quarter of 2019, the Agricultural Business Chamber (Agbiz) said today. Following a minor improvement in the first quarter, the index had remained below the neutral […]
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SA’s Shrinking Economy Credit Negative for Government and Banks 11 June 2019 – Global rating agency Moody’s says the contraction of SA’s GDP in the first quarter is credit negative for SA’s government and the country’s banks. Last week Stats SA announced the economy shrank by 3.2% in the first three months of the year, the biggest
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Agriculture Among Key Sectors that Contributed to Contraction of the Economy 10 June 2019 – The South African economy, the most industrialised economy on the African continent, has been struggling to gain momentum and has not grown by more than 2.5% a year since 2013. This is despite political changes, economic stimulus and recovery plan,
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Risk of South African Economy Hitting Recession in 2019 High – Moody’s 7 June 2019 – The odds that the South African economy could experience a technical recession in 2019 are high, according to Moody’s. The ratings agency released its latest Global Macro Outlook on Thursday. The quarterly Global Macro Outlook presents its latest growth
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SA’s Economy is a Casualty of US Trade Wars 6 June 2019 – The first quarter GDP growth of 2019 for South Africa is once again a negative number, with the economy contracting 3.2% year on year. This follows a 1.4% growth in the previous period. It was the sharpest decline in the GDP since
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SA Economy Declines by 3.2% as Manufacturing, Mining Contract 5 June 2019 – South Africa’s economy had contracted by 3.2 percent in the first three months of 2019, its largest quarterly drop in a decade, after increasing by 1.4 percent in the fourth quarter of 2018, the national statistics agency said on Tuesday. The decline
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Absa PMI Falls to Near Seven-Month Low in May The purchasing managers’ index fell to 45.4 points in May from 47.2 in April, showing that the manufacturing sector is still not recovering 4 May 2019 – After rising slightly in April, the Absa purchasing managers’ index (PMI) once again fell in May, erasing the previous
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Tariff Tirade Commentary: 3 June 2019 The latest target for Trump’s war on trade? Mexico. The US will impose a 5% tariff on all Mexican imports from the 10th June in an attempt to pressure its southern neighbour to halt the flow of illegal migrants across the Mexico-US border. These tariffs will rise in stages
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