Africa
Education
Joburg
South Africa
Greatest AfricansAfricaEducationJoburgSouth AfricaGreatest AfricansSociologist Goran Therborn has probably influenced the study of inequality more than any other scholar in recent years.Invited to locate inequality in South Africa in a global perspective, Therborn was emphatic. In terms of income it is ...
·over 4 years ago
Total capital flows to Nigeria between January and May 2019, stood at $14.2 billion, the Central Bank of Nigeria (CBN) revealed last night.Of the aforementioned amount, Foreign Direct Investment (FDI) accounted for $2.87 billion, represe...
·over 4 years ago
"The test of our progress lies in whether we provide enough for those who have little, not whether we add more to the abundance of those who already have much."These words by former US president Franklin D. Roosevelt speak volumes about ...
·over 4 years ago
Tobacco companies are zeroing in on one of the last global markets still ripe for exploitation: the African continent.Much of the tobacco leaf and some of the manufactured cigarettes produced on the continent are exported. These exports ...
·over 4 years ago
The Zimbabwean government has with immediate effect, scrapped the multi-currency system in place since 2009 and further criminalised its use alongside the local RTGS$ recently announced as a stand-alone currency.This is according to an E...
·over 4 years ago
The loss of thousands of jobs, partly because of digitilisation, in South Africa in recent days, does not augur well for employment creation in the short term in the continent's most advanced economy.This is according to an economist day...
·over 4 years ago
Analyses of the implications of extending income support measures in South Africa, including a basic income grant, have focused on one of three things: how much it will cost, calculations about how much revenue would need to be raised (b...
·12 months ago
Global rating company, Fitch Rating, yesterday, affirmed Nigeria's rating at B+, stable outlook, saying that President Buhari's second term will be marked with implementation of piecemeal reforms and slow progress in tackling impediments...
·over 4 years ago
The National Treasury has come to the defence of the cost containment measures for local government, saying they promoted better governance and management of finances in municipalities.The department published the regulations last week, ...
·over 4 years ago
Zimbabwe is on course to clear its US$605 million debt with the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank early next year, Finance and Economic Development Minister Professor Mth...
·over 4 years ago
Although global foreign direct investment (FDI) flows suffered a setback of about 13 per cent in 2018, with inflows sliding to $1.3 trillion from $1.5 trillion in the previous year, but sub-Saharan Africa (SSA), recorded growth of about ...
·over 4 years ago
Nigeria’s president Muhammadu Buhari on Wednesday replicate successes of his first four years in offices, citing an improved economy and better infrastructure among those achievements.Buhari won re-election in February this year, polling...
·over 4 years ago
President Emmerson Mnangagwa's remarks over the weekend that Zimbabwe would have a fully-fledged local currency before the end of the year, ending the multi-currency regime enacted in 2009, effectively re-ignited the emotive issue. This ...
·over 4 years ago
President Ramaphosa is expected to use this week's State of the Nation address (Sona) to shore up business confidence and outline the government's plans for embattled state-owned entities (SOEs).The Sona scheduled for Thursday will be de...
·over 4 years ago
Morocco and China, signed a 140 million (Morocco Dirham) agreement for technical and economic cooperation, to finance and bolster joint public projects. Since 2009, trade in Morocco has increased to $4.7 billion annually. As of 2016, Ch...
·over 4 years ago
Ethiopia's finance minister says the government is preparing to privatize some state-owned entities. However, the plan to sell off parts of the country's once-guarded crown jewels is getting a mixed reaction.At a corner of the Ethiopian ...
·over 4 years ago
Kenya’s Treasury Secretary has tabled a budget that is aimed at addressing five challenges. These are the creation of an enabling environment for businesses, the prudence and efficiency of government spending, the mobilisation of domesti...
·over 4 years ago
Countries that use an inflation target to anchor monetary policy pay considerable attention to expectations of future inflation.South Africa is a case in point. The country has an inflation target of 3% to 6% per annum, with a particular...
·over 4 years ago
Nigeria would be guided by national interest in taking any decision on the agreement establishing the African Continental Free Trade Area (AfCFTA), President Muhammadu Buhari said yesterday in Abuja.Receiving national council of the Man...
·over 4 years ago
The development and empowerment of black-owned businesses and industrialists will be in the spotlight as President Cyril Ramaphosa delivers his State of the Nation Address in Parliament on Thursday.This comes as young and emerging compan...
·over 4 years ago
Lagos — The Nigerian Stock Exchange (NSE) said the Islamic finance sector presents numerous opportunities for enhancing the economic growth of Nigeria.The CEO of NSE, Oscar Onyema, stated this at the IFN Nigeria Forum 2019 held in Lagos....
·over 4 years ago
The private sector in Zimbabwe has admitted that local manufacturers are not yet ready to join the African Continental Free Trade Area (AFCFTA) due to serious economic challenges and policy inconsistencies obtaining back home.Speaking at...
·over 4 years ago
Over the past decade, agriculture and agro-processing exports have averaged 11% of the country’s overall exports, up from 9% in the decade before
·about 1 year ago
Moody's Investors Service, a global credit rating agency, has revealed why Nigeria's economy is somewhat trapped in a low growth path.The rating agency alarmed that even though there was a 1.1 per cent increase in growth in 2018 that rec...
·over 4 years ago
South African President Cyril Ramaphosa’s third State of the Nation Address was longer on statecraft and strategy than his first of the year in February, even if it disappointed some critics with the lack of implementation detail.Much o...
·over 4 years ago
International credit rating agencies have had their fair share of controversies over the years. They have been at the centre of the major financial crises from the financial markets collapse of New York City in the mid-1970s, the Asian f...
·over 4 years ago
The recent contraction of the South African economy does not bode well for the country’s unemployment crisis. It follows a decade of weak economic performance where not enough jobs have been created to keep up with population growth.But ...
·over 4 years ago
The MDC has slammed the Zanu PF led government for "ambushing" citizens through the shock scrapping of the multi-currency regime on Monday in place of the much resented return to the local currency.Government, through Statutory Instrumen...
·over 4 years ago
The picture in South Africa is a bleak one for the average 15 – 24 year old. Many have finished their schooling with a qualification of little value in the eyes of employers. And they lack the basic skills that employers now need. The re...
·over 4 years ago
The Central Bank of Nigeria (CBN) yesterday announced policies and programmes to create 10 million jobs in the next five years. The initiative falls within President Muhammadu Buhari's resolve to lift 100 million Nigerians out of poverty...
·over 4 years ago
Namibia exported 10 125 megawatt per hour of electricity in March this year. During the same period, the country sold 338 207 megawatt per hour in Namibia. During the review period,161 498 megawatt per hour (MWh) of electricity was local...
·over 4 years ago
Nigeria’s Otigba Computer Village is arguably the biggest information, communications technology (ICT) market in Africa. It started off as a one-man business on a street called “Otigba” in Ikeja, the capital of Lagos State. Within a shor...
·over 4 years ago
Zimbabwe's economic and political crisis is putting pressure on South Africa's ability to deliver services to its people, MDC vice president has claimed. Biti was speaking in a panel discussion at the Southern African Political Econom...
·over 4 years ago
The International Monetary Fund (IMF) defends the elimination of subsidies for water and energy, arguing that they benefit more people with greater financial power. This was during an interview the IMF Resident Representative in Angol...
·over 4 years ago
The Ministry of Commerce and Industry and a team of investors from South Africa have held a Strategic Meeting aimed at establishing a Joint Trade Commission (JTC) and Partnership between Liberia and South Africa, a release from the Minis...
·over 4 years ago
West African countries make a bold step in fortifying regional integration by adopting a single currency called ‘Eco’ which is planned to launch by 2020. Eco was adopted on Saturday in Abuja in a meeting of the 15 member-country regi...
·over 4 years ago
Zimbabwe’s government has announced its facing critical power shortfalls. The country’s anchor power producer, Kariba Dam, might have to stop production in weeks due to dropping water levels. Tafadzwa Makonese spoke to Moina Spooner from...
·over 4 years ago
South Africa introduced a child support grant 21 years ago in 1998, four years after the advent of democracy. The grant has been a human rights milestone and a mark of progress in the full realisation of children’s rights. It is one of t...
·over 4 years ago
Nigeria will sign the African Continental Free Trade Agreement (AfCFTA) at an African Union summit in Niger’s capital Niamey this weekend, after holding out for over a year. The announcement made late on Tuesday brings the historic deal ...
·over 4 years ago
There is a great chance that the politics of the Trump administration may rupture and forever alter the bonds that helped found Opec. These bonds are the roots that have sustained the organization’s values and continue to harness the sin...
·about 4 years ago
The federal government must embrace structural reforms to leapfrog economic growth, writes Obinna Chima. Every nation desire rapid economic growth. Faster growth in Gross Domestic Product (GDP) expands the overall size of an economy and ...
·about 4 years ago
The recent squabble over the mandate of the South African Reserve Bank has very little to do with real economic policies. It is rather emblematic of the intensely polarised levels of political distrust that currently exists within the Af...
·about 4 years ago
A Zimbabwean lawyer backed by a prominent legal group has challenged the government's decision to revert to the Zimbabwe dollar and outlaw the use of U.S., South African and European currencies. Supported by the Harare-based Lawyers ...
·about 4 years ago
Government should complement monetary policy changes with an anti-corruption strategy to curb illicit financial flows (IFFs) as the country is losing billions annually, businessdigest has learnt. IFFs are seen to spiralling this year owi...
·about 4 years ago
African Union (AU) leaders will gather in Niger on 7 July for an Extraordinary Summit to discuss the African Continental Free Trade Area. They will be meeting at a critical momentfor the continent. Many African countries are experiencing...
·about 4 years ago
Public servants qualifying to take early retirement from the public service before they reach the age of 60 have until the end of September to do so. This was revealed by Public Service and Administration Minister Senzo Mchunu in a writt...
·about 4 years ago
The Black Business Council (BBC) on Monday welcomed the allocation of R40 billion to support an additional 400 black industrialists in the Black Industrialists (BI) Programme over the next five years. During his budget vote debate in Par...
·about 4 years ago
South Africa will need to prepare its workers as the country stands on the brink of a ‘technological revolution’, according to Gauteng premier, David Makhura, who was speaking at the launch of the country’s first Digital Economy Summit o...
·about 4 years ago
The much talked about trade war between the US and China is one component of a broader confrontation between the two largest economies in the world. Their relationship has been deteriorating rapidly over the past 10 years, and the extent...
·about 4 years ago
After years of relative silence, debates about the pros and cons of tariffs in international trade have become a regular feature. The renewed interest has been sparked by the actions of US President Donald Trump, the first president sinc...
·about 4 years ago
China’s signature policy programme, the Belt and Road Initiative (BRI) has opened contemporary opportunities for Zimbabwe to elevate its relationship with Beijing. During the second BRI summit, China was ready to unlock multi-billion dol...
·about 4 years ago
South Africa faces “significant risks” to its fiscal outlook, including weak economic growth and uncertain revenue collection, the National Treasury said in its 2019/20 annual performance report, put before Parliament yesterday. The econ...
·about 4 years ago
Many central banks are rethinking their approach to the environmental and social impact of their operations. This is because their decisions can affect access to housing, healthcare, education, work, to adequate food and water and the se...
·about 4 years ago
Digitisation could change the game for agriculture in Africa. That’s a key message in a report recently released by an international institution that enhances smallholder farming in African, Caribbean and Pacific countries. The Centre f...
·about 4 years ago
Analysts and businesspeople in the six-member Central African Economic and Monetary Community say that although the African Continental Free Trade Area launched in Niger last Sunday at an African Union summit brings hope for pan African ...
·about 4 years ago
Persistent unemployment has become synonymous with the youth experience across South Africa. Youth unemployment rates are almost four times higher than the regional average – 62% of South Africans between 15 and 35 years are unemployed a...
·about 4 years ago
Capitalism has often been identified as the underlying cause of the climate crisis. A leading voice on the subject is Naomi Klein, one of the climate movements most influential thinkers, whose seminal book on climate change was subtitled...
·about 4 years ago
South Africa is gearing up for a possible interest rate cut tomorrow, as moderating inflation pushes for a rate respite to inject cash into the struggling economy. The monetary policy committee (MPC) of the SA Reserve Bank (Sarb) is wid...
·about 4 years ago
The Federal Reserve is facing a rather sticky problem. Despite its best efforts over the past year, inflation is stubbornly refusing to head south with any urgency to a target of 2%.
·7 months ago
Maize is the cheapest source of calories among the cereal grains, making up about 65% of total food calories consumed by households in Kenya. To meet this demand, maize is produced on 40% of the total crop area – mainly by smallholders. ...
·about 4 years ago
We all know Nigerians are proud of their unique accent. So technology giant Google has given Nigerian drivers an option to hear travel advice in a local voice when they use Google Maps. The new feature with the local accent is also avail...
·about 4 years ago
Ghana has been chosen by the African Union (AU) to host the secretariat of the African Continental Free Trade Area. It beat other competing countries including Egypt, Eswatini, Ethiopia, Kenya, Madagascar and Senegal to win the bid. As a...
·about 4 years ago
The controversy over the CFA Franc gets revived on a regular basis by African politicians and intellectuals. The currency gives rise to both passionate debate and simplistic, sweeping political declarations. The CFA franc is one of two r...
·about 4 years ago
The problems of South Africa’s state owned enterprises are in the headlines every day. Yet many have existed for over 80 years. Why were they established in the first place and how have they survived this long? Their histories provide cl...
·about 4 years ago
The past few months for the landlocked country of Zimbabwe have been eventful, to say the least. Battered by a severe drought that has affected agriculture, a power utility unable to meet the minimum required demand, and a doubling in an...
·about 4 years ago
The South African Reserve Bank's monetary policy committee has cut the benchmark repo rate by 25 basis points to 6.5% from 6.75%. This is the first time since March 2018 that the benchmark interest rate has been cut. The central bank's g...
·about 4 years ago
Finance Minister Tito Mboweni is expected to table a Special Appropriations Bill to outline the key funding of cash-strapped Eskom. The tabling of the bill on Tuesday followed the announcement by President Cyril Ramaphosa of a R230billio...
·about 4 years ago
The International Monetary Fund (IMF) yesterday raised the growth forecast of Nigeria's economy for the 2019 financial year by 0.3 per cent to 2.3 per cent. It disclosed this in its July update on the World Economic Outlook with the them...
·about 4 years ago
SA's official unemployment rate jumped to 29% in the second quarter of the year, the highest jobless rate since the start of 2008. The unemployment figures were published by Stats SA on Tuesday morning. The country's unemployment rate wa...
·about 4 years ago
The development of liquefied natural gas (LNG) could help transform the South African economy, spur re-industrialisation, reduce the country’s over-reliance on coal-fired power stations, and contribute to increased regional trade. South ...
·about 4 years ago
Data from the National Treasury shows that the budget deficit for the three months of the 2019/20 financial year ballooned to R57.5 billion from a deficit of R27.59bn in the comparative period of the 2018/19 fiscal year. The shortfall wa...
·about 4 years ago
South Africans are still to see what the new dawn promised by its President Cyril Ramaphosa will bring, or if it will even break. Long jail sentences for those that have looted the country would be a good thing. But it’s not yet clear if...
·about 4 years ago
The myriad problems facing South Africa’s economy compounded on Friday after Fitch Ratings revised the outlook on the country’s sovereign debt downwards from stable to negative, a move that usually precedes a rating downgrade. The rating...
·about 4 years ago
African economies are unable to absorb a significant proportion of young people because the education system is not aligned to needs, South African President Cyril Ramaphosa said on Monday. In a speech prepared for delivery at the Associ...
·about 4 years ago
African Central Bank Governors are convening in Kigali beginning tomorrow to among other subjects deliberate on rising African sovereign debt levels and its implications on the monetary policy as well as financial stability. Debt levels ...
·about 4 years ago
Market analyst Andre Botha said on Wednesday that the scathing statement by ratings agency Moody' Investor Services on Eskom's bailout has caused the rand to weaken even further, trading near R15 to the dollar on Tuesday. The local curre...
·about 4 years ago
Walker Ishmael Gombingo sits on the concrete pavement outside a bank in Zimbabwe's capital, Harare. Elderly and looking dejected, he is one of a growing horde of people forming a line on and off the pavement in the late morning sun.
·about 4 years ago
Since President Trump tweeted about imposing new tariffs on China, global equity markets have gone into a tailspin. Trump’s more recent announcement that the new tariffs would be delayed has not calmed the markets, with recent days seein...
·about 4 years ago
Construction is tough, sometimes dangerous work. Globally, the construction industry accounts for about 7% of employment. But it’s responsible for between 30% and 40% of all work-related fatalities. The figure is at its highest in develo...
·about 4 years ago
Access to energy plays a critical role in economic development. But bad government policies have affected energy security in many developing countries.It is estimated that two out of three households (almost 600 million people) in sub-Sa...
·about 4 years ago
The African Trade and Opportunities Act (AGOA), established by the United States government on May 18, 2000, has been described as the cornerstone of the U.S. economic engagement with sub-Saharan Africa, where it has invested more than U...
·about 4 years ago
South Africa’s public finances are in a perilous state. There are four main reasons for this. First, economic growth is low or non-existent. Second, tax revenue collection is repeatedly below forecasts. Third, debt levels have risen rapi...
·about 4 years ago
Every person who is younger than retirement age is encouraged to plan and consistently save for retirement. However, few individuals actively plan for their retirement. This results in most South Africans becoming poorer during their ret...
·about 4 years ago
It took President Muhammadu Buhari 54 days after his second term began to send a list of ministerial nominees to the Nigerian Senate for screening. This is a better record than his first term, which began in May 2015. Then Nigerians had ...
·about 4 years ago
For the second time in a week, Rwandan president Paul Kagame has responded to a recent report by the Financial Times, FT, that poverty figures were manipulated in 2015. The president’s latest response was at a press briefing in Namibia w...
·about 4 years ago
What does it mean to be poor? On the face of it, this may not sound like a very difficult question. In developed countries, almost all official and everyday definitions refer to poverty in income terms. In this sense, low consumption pow...
·about 4 years ago
South Africa is caught up in the global hype of the Fourth Industrial Revolution (4IR). This is distracting it from the unfinished business of redressing inequality and creating the preconditions for an inclusive digital economy and soci...
·about 4 years ago
The rating agency Fitch recently revised the outlook on South Africa’s long-term foreign-currency issuer default rating down from “stable” to “negative”. A credit rating outlook indicates the potential direction of the country’s rating o...
·about 4 years ago
The Minister of Science and Technology Dr Ogbonnaya Onu, yesterday said the Federal Government would deploy science, technology and innovation to actualize President Muhammadu Buhari's promise of freeing 100 million Nigerians from the po...
·about 4 years ago
Tito Mboweni on Tuesday published proposals to boost economic growth by an additional 2.3 percentage points above forecast over the next decade — and create at least a million jobs. Still, the economic policy paper’s release was an intri...
·about 4 years ago
The Nigerian Communications Commission (NCC) has approved the spectrum for the trial of 5G services in the country. The Executive Vice Chairman of the commission, Umar Danbatta, disclosed this at the opening of the maiden International T...
·about 4 years ago
The new African free trade zone came into effect at the end of May 2019. All of the African Union’s (AU) member states are now legally bound to allow African goods to be traded without restraint throughout the continent. But there are so...
·about 4 years ago
Kenyan judges have stopped plans to construct the country’s first ever coal-powered plant near the coastal town of Lamu, a UNESCO World Heritage Site. The tribunal ruled that the National Environment Management Authority had failed to do...
·over 4 years ago
The relationship between Ghana and the International Monetary Fund (IMF) is, to many Ghanaians, a difficult one. Most Ghanaians are of the view that the country should divorce itself from the international body. A look at sentiments e...
·over 4 years ago
On 28 October 2020, the Minister of finance, Tito Mboweni delivered the medium-term budget statement that lays out the country’s fiscal framework for the next 3 years and provides a readjustment to government expenditure, revenue, and...
·almost 3 years ago
Over half a million households in South Africa’s former homelands disengaged from farming between 2011 and 2016, according to Statistics South Africa. This represents a loss of one in five crop farming households. The former homelands...
·about 4 years ago
Zimbabwe’s smallholder farmers in Chimanimani District are to be provided with an additional $600 000 to help them recover and rebuild their lives following March’s deadly Cyclone Idai which wrought massive destruction across Malawi, Moz...
·about 4 years ago
The government has announced a slight reduction in fuel prices for both petrol and diesel. According to a communique from utility regulator, Rwanda utility Regulatory Agency (RURA), effective today, a litre of petrol will cost Rwf1,080, ...
·about 4 years ago
Only one in ten state entities submitted their broad-based black economic empowerment (B-BBEE) reports for 2018, according to the B-BBEE Commission.The oversight body on Wednesday released a report on the status and trends of B-BBEE for ...
·about 4 years ago
The World Bank estimates the number of Africans living in extreme poverty will increase from 424 million in 2019 to 463 million this year
·about 1 year ago
The local mobile telecom companies Orange and MTN in Cameroon have been fined over $160 million for failing to pay taxes on games and gambling services. The Central African country corruption board announced on Wednesday.
·about 4 years ago
The population of Africa is booming, but as long as productivity and employment remain unsteady, “global experts” and economists contend, African cities could descend into conflict and disorder. From their perspective, activities like st...
·about 4 years ago
Ghana recently spent $275 million expanding and modernising Kotoka International Airport located in the capital city, Accra. This is part of its plan to attract eight million tourists annually by 2027. A significant increase from the 1.2...
·about 4 years ago
On Sunday, President Muhammadu Buhari signed the African Continental Free Trade Area (AfCFTA) agreement. The signing of the agreement brought to an end several months of wait by stakeholders in the Nigerian economy. With a GDP of about $...
·about 4 years ago
To turn our economy around and create the millions of jobs needed is something that cannot be achieved by government alone. A comprehensive programme will require the mobilisation of all social actors
·about 1 year ago
Brands that feature in the Brand Finance South Africa 50 report are defying the South African economy and recording healthy brand value growth, according to the latest report. These brands are outpacing the country’s GDP, with the top 50...
·about 4 years ago
Zimbabwe's mobile network connectivity was in a bad state over the last weekend, with callers and the transacting public reporting challenges in making calls and getting mobile money transactions to go through. The disruptive service una...
·about 4 years ago
It has been a little over two weeks since the Zimbabwean Minister of Finance and Economic Development had announced that only the Zimbabwe dollar, previously known as the Real Time Gross Settlement dollar that had been introduced early t...
·about 4 years ago
Economists have said that the decision by the South African Reserve Bank (SARB) to reduce its repurchase rate (repo rate) by 25 point basis would bring some much-needed relief to consumers. SARB Governor Lesetja Kganyago announced on Thu...
·about 4 years ago
President Cyril Ramaphosa’s first State of the Nation Address after the election was received with some scepticism. Some of his political opponents questioned his dreams and urged him to face reality. Sceptics aside, the president made c...
·about 4 years ago
A report by a panel of experts appointed by President Cyril Ramaphosa to make recommendations to government on its policy direction on land reform is complete and will be released in due course, Minister in the Presidency Jackson Mthembu...
·about 4 years ago
Strong evidence links the mining of minerals to local conflict in several African countries. This is because minerals are prized by rebel groups and are a source of their financing. Examples include the “blood diamonds” that were used to...
·about 4 years ago
A recent judgment of South Africa’s Constitutional Court involving the country’s energy regulator signals a new found willingness by the courts to scrutinise the way regulators set prices and tariffs. This added level of regulatory accou...
·about 4 years ago
China has enjoyed a close economic relationship with a number of African countries for many decades. It has been particularly involved in supporting African countries’ infrastructure projects. As far back as the 1960s it helped build the...
·about 4 years ago
Many households are feeling the financial pinch caused by the rising cost of living. Low-income households are the most vulnerable to high food costs. But middle-income earners don’t fare any better
·about 1 year ago
With the current official unemployment rate in South Africa sitting at an unprecedented 34.4%, it is safe to say that the job market is not looking too great for the average South African. Even for those currently employed, there seems t...
·about 2 years ago
A lot has been said about the so-called triple challenges of poverty, unemployment and inequality besetting South Africa. The one problem that is not being mentioned is that the country suffers from the erosion of the legitimacy of th...
·almost 3 years ago
We know that the lockdown led to severe financial pressure on many Johannesburg families, who either lost breadwinners or were faced with seriously reduced household incomes. Sadly, many had to resort to unsecured lending to make ends ...
·about 1 year ago
Banking and IT are the best paying industries in South Africa, but only employs 8% of the country’s junior to medium-skilled workforce, a new report by digital recruitment platform Giraffefound. Giraffe’s South African junior-medium skil...
·about 4 years ago
Economic growth cannot be realised and jobs cannot be created without undertaking the difficult but necessary structural reforms that will improve the business and investment climate
·about 1 year ago
The devastating floods in KwaZulu-Natal and load shedding contributed to the decline, weakening an already fragile national economy that had just recovered to pre-pandemic levels
·about 1 year ago
At the end of 2021, South Africa recorded its highest unemployment rate since the dawn of democracy, at 35.3%. The figure has marginally dropped but there is still concern about how the country will tackle this issue
·about 1 year ago
As a consequence, global supply chains are being re-configured leading to possible disruptions which could negatively affect established global trade patterns
·about 1 year ago
As our intention is to transform the economy and society, we need more discussion on how such transformation is to be done
·over 1 year ago
President Cyril Ramaphosa, chaired the meeting of the Presidential Economic Advisory Council (PEAC) on 11 January 2023. This was the first meeting of the PEAC for the year where the country's economic prospects and advancements were disc...
·9 months ago
Tomorrow sees the release of South Africa’s second-quarter unemployment figures, which will provide a picture of our long-term jobless crisis that the Covid-19 pandemic has exacerbated. The first quarter’s reading of 32.6% was the highes...
·about 2 years ago
If we thought we had a jobs crisis on our hands before this pandemic, we now we have something much, much larger than we had ever imagined. The first thing that came to mind as I went through the second-quarter unemployment statistics re...
·about 2 years ago
The Assembly arose from one of the pillars of the National Strategic Plan (NSP) on Gender-based Violence and Femicide (GBVF), which advocates the economic empowerment of women
·12 months ago
Mid-April has arrived. And along with the spring sunshine, that means the often dreaded civic duty of finishing off one’s taxes. It’s an arduous time for many, characterized by navigating increasingly confusing rules to arrive at the be...
·6 months ago