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Month: Jul 2020

Wines Of South Africa USA Calls For Support Of South African Wine Industry In Crisis

31 July 2020 – Wines of South Africa (WOSA) USA, the industry association that promotes the exports of South African wine, is calling on members of the wine trade, media and consumers to support the South African wine industry by buying and drinking South African wine. The ban on alcohol, currently back in place in South …

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The Economy And The Pandemic

29 July 2020 – Trade and Industrial Policy Strategies’ (TIPS’s) ‘Tracker: The economy and the pandemic’ highlights important trends in the Covid-19 pandemic in South Africa and how they affect the economy. Key Findings For The WeekThe number of diagnosed new cases levelled out in Gauteng and Eastern Cape in the past ten days and continued to …

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China’s Economy Looks Set For A Much-Vaunted V-Shaped Recovery, While The Rest Of The World Lags Behind

28 July 2020 – When China’s GDP bounced 11% quarter-on-quarter in Q2, it affirmed views that the world’s most populous and the first country hit by the coronavirus pandemic may be on course for a V-shaped recovery, something which has become more of a fantasy elsewhere in the world. China is will ahead of the …

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SA Retail Sales Down 12% Year On Year In May – Following A Contraction In April

24 July 2020 – South Africa’s retail sales plunged by a record 50.4% in April and 12% in May, data showed on Wednesday in the latest evidence of the impact of the early, stricter phase of the country’s coronavirus lockdown. At the end of March, President Cyril Ramaphosa took early action, shutting restaurants, banning alcohol …

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South Africa’s Exports Of Goods And Services Decreased By 0.6% In The First Quarter Of 2020

21 July 2020 – Real exports of goods and services decreased by 0.6% in the first quarter of 2020, following a similar increase in the fourth quarter of 2019. The exports of both mining products (including gold) and services contracted, while that of manufactured products increased alongside a sharp acceleration in the growth in agricultural …

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