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Month: Dec 2020

SA Reserve Bank Releases SA Economic Quarterly Update

SA Reserve Bank Releases SA Economic Quarterly Update 24 December 2020 – Domestic economic growth, in both nominal and real terms, rebounded significantly in the third quarter of 2020 with the easing of the coronavirus disease 2019 (COVID-19) lockdown restrictions. This follows the unprecedented contraction in the second quarter at the height of restricted economic activity to …

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Economy rebounds significantly in Q3 following ease of restrictions

22 December 2020 – The South African economic slump improved significantly in the third quarter from the heavily depressed level in the second quarter due to easing of lockdown measures. Experian South Africa’s quarterly Business Default Index (BDI) for quarter three, released yesterday (MON), showed that the economy rebounded to its best level this year. …

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Trade Credit Insurance Firm Marks 22 Years In Operation

22 December 2020 – Since 1998, South African-based Prestige credit group has been providing solutions for clients in need of customised credit insurance products. The firm has established specialised broker agreements with several of the top credit insurers, operating across South Africa and Southern Africa in countries such as Namibia, Mozambique, Swaziland. Prestige Credit is …

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Economic Reality Dictates Trade Conditions, Says Sacci As TAI Falls To 47

17 December 2020 – After having increased to 51 in October, the South African Chamber of Commerce and Industry’s (Sacci’s) Trade Activity Index (TAI) decrease to 47 in November – back in negative territory. Sixty-seven per cent of respondents had indicated that trade conditions in November were worse than in November 2019, while initial feedback on Black Friday also suggests …

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Consumer Confidence Expected To Remain Subdued Despite Sentiment Inching Up

15 December 2020 – Consumer confidence in South Africa is expected to remain subdued despite sentiment inching up slightly in the fourth quarter amid further relaxation of Covid-19 restrictions. The Bureau for Economic Research (BER) said yesterday that the FNB/BER Consumer Confidence Index (CCI) rose to -12 index points in the fourth quarter, from -23 …

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