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South African Economy Grows 1.2% In Q2, Beats Forecasts

8 September 2021 – South Africa’s economy grew 1.2% in the second quarter compared to the previous three months, beating analysts’ forecasts, statistics agency data showed on Tuesday. Economists polled by Reuters had forecast quarterly gross domestic product (GDP) growth of 0.7% in seasonally adjusted but non-annualised terms. In unadjusted year-on-year terms, GDP jumped 19.3% …

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South African Business Activity Stabilised In August After Unrest – PMI

6 September 2021 – South African private sector activity stabilised in August after a sharp downturn in July amid civil unrest and Covid-19 lockdown measures, despite widespread supply chain issues, a survey showed on Friday. IHS Markit’s Purchasing Managers’ Index (PMI) rose to 49.9 in August from an 11-month low of 46.1 in July, just …

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Trade Balance Remains In Surplus While Exports Take A Knock After July Unrest

2 September 2021 – South Africa recorded a trade surplus in July of R36.9bn, down from a revised R54.5bn in June. Exports fell 11% month-on-month on the back of the disruptions caused to transport links by the riots in KwaZulu-Natal and the cyberattack on Transnet that stalled movement at the country’s busiest port for nearly …

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The New World Of Trade Credit

1 September 2021 – Trade credit in Africa is estimated to be a $100bn industry – a significant and growing figure. However, the challenge is that credit insurers have seen a drastic increase in claims and this has resulted in limited capacity for such risks. Companies who do not choose to leverage insurance have also …

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Association Welcomes Renewal Of Poultry Anti-Dumping Duties

27 August 2021 – The South African Poultry Association (Sapa) has welcomed the renewal of anti-dumping duties on imports of bone-in chicken from Germany, the Netherlands and the UK The determination was issued by the independent International Trade Administration Commission of South Africa (Itac), which, upon investigation, found that dumping by the three countries had continued. The …

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Statssa Has Revised The Economy Upwards By 11% After A Rebasing Process

26 August 2021 – Statistics South Africa (StatsSA) has revised upwards significantly the country’s economy by 11 percent following a rigorous benchmarking and rebasing process. StatsSA today said the South African economy was actually 11 percent larger last year than previously estimated. It said the revised estimate of gross domestic product (GDP) last year was …

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