4 October 2019 – South Africa’s public debt could rise as high as 95% of gross domestic product by 2024 if the government doesn’t restructure the State-run utility Eskom and implement a workable growth plan, the Institute of International Finance (IIF) said in a report. The report, released late on Wednesday, echoes a warning on Tuesday […]
South Africa Debt-to-GDP Could Reach 95% by 2024 Read More »
3 October 2019 – Escalating trade tensions and a slowing global economy have led WTO economists to sharply downgrade their forecasts for trade growth in 2019 and 2020. World merchandise trade volumes are now expected to rise by only 1.2% in 2019, substantially slower than the 2.6% growth forecast in April. The projected increase in
WTO Lowers Trade Forecast as Tensions Unsettle Global Economy Read More »
2 October 2019 – South African bank Absa’s purchasing managers’ index (PMI) fell to 41.6 index points in September from 45.7 in August, the second consecutive large fall which brought the index more than 10 points below July’s high of 52.1 points, a report showed on Tuesday. A PMI is an index of the prevailing direction of economic trends in
Absa PMI Declines Amid Weak Domestic Demand Read More »
1 October 2019 – A weaker oil price in August, together with a solid jump in mining exports, helped to push SA’s trade balance from a deficit to a surprisingly large surplus. South Africa exported R6.84bn more than it imported in August, the SA Revenue Service reported on Monday. This was much better than expected: The
SA Records a Large Trade Surplus Read More »
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