31 March 2020 – The Coronavirus (COVID-19) has resulted in mass production shutdowns and supply chain disruptions due to port closures in China, causing global ripple effects across all economic sectors in a rare “twin supply-demand shock”. With South Africa having just reported its first cases of COVID-19, Africa is beginning to feel its full […]
The Impact of COVID-19 on Key Africian Sectors Read More »
30 March 2020 – Ratings firm Moody’s has downgraded South Africa’s credit rating to below investment grade, after three years being the only major firm to keep the country’s head above water. Moody’s downgraded South Africa’s long term foreign and local currency debt ratings to ‘Ba1’ from ‘Baa3’ with a negative outlook. The move did
South Africa is fully junked – what happens now? Read More »
27 March 2020 – The coronavirus disease 2019 (COVID-19) is causing a slowdown in world trade, disruption in global supply chains, changing tourism flows, and pressuring Chinese economic growth. The complexity of global supply chains means that businesses may be reliant on Chinese products without being aware of it. South African companies that have built
The impact of trade-disrupting COVID-19 on South African business Read More »
26 March 2020 – South Africa enters into a 21-day lockdown period in the face of a global pandemic, an economy in recession and a possible downgrade by rating’s agency Moody’s. Most businesses will close and citizens will largely be confined to their homes as the country grapples with the spread of the coronavirus. This
Moody’s could hold decision on SA downgrade — for now Read More »
25 March 2020 – The agriculture sector has weathered the storm over the past few years, coping with drought and policy uncertainty, while income and employment have remained stable. Recent results released by Statistics South Africa of the Census of Commercial Agriculture 2017 showed that the number of farming units in South Africa remained stable between 2007
Agri sector ‘holding up’ despite challenging decade Read More »
24 March 2020 – Two recent publications by the Bureau for Economic Research (BER) at Stellenbosch University show that the outlook for the SA economy was already bad in the first quarter of 2020, even before the widespread panic around the spread of the coronavirus. The Business Confidence Index (BCI) and the Consumer Confidence Index
Businesses and consumers expect worse to come Read More »
23 March 2020 – Inflation ticked up slightly in February to reach its highest level in over a year, data from Stats SA showed on Wednesday The figures come as the economy is firmly in the grip of efforts to contain the spread of the coronavirus. As of Wednesday morning, confirmed cases in SA rose
Consumer inflation ticks up in February Read More »
20 March 2020 – The coronavirus has precipitated an unprecedented economic crisis. The position of China as the second largest economy in the world and a major exporter has led to supply and demand shocks for the majority of economies around the globe. China is a large importer of agricultural products and if the outbreak
How Covid-19 Is Impacting On SA’s Agriculture Read More »
19 March 2020 – Southern Africa is expected to export a record 143.3 million cartons of citrus fruit to over 100 countries in 2020, according to Justin Chadwick, CEO of the Citrus Growers’ Association (CGA). This will be a 13% increase compared to 2019, which saw 126.7 million cartons being exported, generating R20 billion in
Record Citrus Exports Expected Read More »
18 March 2020 – Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February as the prospect of continued power cuts and concern about the global economy weighed on confidence. That makes the recovery of an economy that the government estimates expanded at the slowest pace in
Load-shedding is killing South Africa’s manufacturing industry Read More »
