17 January 2023 – International trade will grow more slowly than the global economy over most of the next decade as the war in Ukraine reshapes strategic alliances and alters the flow of cross-border commerce, a new report says. World trade’s annual expansion rate will average 2.3% through 2031, compared with an increase in global […]
Global Trade Faces A Stagnant Decade Lagging The World Economy Read More »
16 January 2023 – The Washington-based lender pointed to the usual suspects in its downgrade, citing power shortages, rising interest rates and a poor outlook for South Africa’s key trading partners. “Growth in South Africa is forecast to weaken further to 1.4% this year before picking up to a still sluggish 1.8% in 2024. Weak
World Bank Trims South Africa’s Economic Growth Forecasts Read More »
13 January 2023 – Trix Trikam, executive director of the South African Sugar Association (SASA). “Any increase in the rate of the [sugar tax] in 2023 is likely to decimate the industry. This would include massive job losses,” he said. While many factors, such as the weather, could still affect the upcoming sugar cane harvest,
Sugar Tax The Main Threat To The Industry In 2023 Read More »
12 January 2023 – The global economy had a rocky year in 2022. As the worst of Covid-19’s effects on public health receded, the war in Ukraine and China’s tough “zero Covid” curbs injected new chaos into global supply chains. Food and energy prices soared as inflation in many economies hit four-decade highs. After a
Economic Trends To Watch In 2023 Read More »
11 January 2023 – Manufacturing output in South Africa is expected to continue struggling as the impact of the Transnet strike and intense power cuts of up to Stage 6 continued to weigh on the sector, after activity fell to a five-month low in November. Data from Statistics South Africa (Stats SA) yesterday showed that
Manufacturing Sector Hard Hit By Transnet Strike, Load Shedding Read More »
10 January 2023 – According to the Experian Business Debt Index (BDI), despite there having been a strong improvement in South African business debt conditions in the last quarter of 2022, business debt conditions look set to deteriorate in 2023. This, in the face of an anticipated increase in the intensity of load-shedding in the
9 January 2023 – The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose for a third month to reach 53.1 index points in December 2022, slightly up from 52.6 in November. According to economists from the Bureau for Economic Research (BER), while the headline number is positive, the underlying picture is more mixed. “Most concerning
Cautious Optimism For Businesses In South Africa Heading Into 2023 Read More »
06 January 2023 – The year 2022 is a watershed moment in history, marked by economic, geopolitical, and environmental disruptions. Matters quickly escalated from fighting off what was hoped to be the pandemic’s final phase to a full-fledged war. As the sun sets on 2022, here’s a look back at global macros that have had
Global Macroeconomic Factors That Shaped 2022 Read More »
5 January 2023 – As South Africans entered 2023 in darkness as load shedding followed from the year we left behind, the International Monetary Fund (IMF) has sounded the alarm for the rest of the world as well, saying that a third of the world will be hit with a recession. IMF chief Kristalina Georgieva
Recession To Hit A Third Of The World In 2023, IMF Warns Read More »
4 January 2023 – South Africa’s preliminary trade surplus for the 11 months to the end of November was R187.8-billion, less than half of the R402-billion recorded over the same period in 2022, the South African Revenue Service (SARS) said late last week. Exports over the period rose 11.7% to R1,850.2-billion despite the train wreck
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