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A mere 10% increase in manufacturing investment in South Africa would result in a gross domestic product (GDP) contribution increase of 13% in South Africa, along with a 9% increase in fiscal...
Following the economic upsets caused by the pandemic and the ensuing lockdowns since 2020, services, trading and distribution group Bidvest has reported strong results for the financial year ended...
President Cyril Ramaphosa said on Monday that while the country’s economy takes time to recover and while the reform programme is implemented, government will continue to pursue a range of...
Financial institution Absa’s seasonally adjusted Purchasing Managers’ Index (PMI) rose to 52.1 points in August from 47.6 in July. Following a tough start to the third quarter, an easing in the...
Annual consumer inflation reached its highest level in 13 years, increasing to 7.8% in July from 7.4% in June. The increase was in line with economists' forecasts. The consumer price index rose by...
State-owned development finance institution Development Bank of Southern Africa (DBSA) has reported a record R3.8-billion net profit for the financial year ended March 31, showing a profitability...
The office sector is still under pressure, with the recovery thereof being wholly dependent on good economic growth, JSE-listed Emira Property Fund COO Ulana van Biljon said on August 17. Until...
JSE-listed logistics company OneLogix has advised its shareholders to expect a drop of between 60% and 80% year-on-year in earnings a share to between 2.5c and 5c for the financial year ended May...
JSE-listed paper and plastic packaging manufacturer Mpact has reported an improved trading performance for the six months ended June 30, with group revenue for the period having increased by 5.2%...
Pulp and paper producer Sappi has reported record earnings before interest, taxes, depreciation and amortisation (Ebitda) of $371-million – excluding special items – for its third fiscal quarter...
The repo rate has been hiked by another 75 basis points on Thursday. This brings the repo to 5.5% and the prime rate to 9%. Three members of the monetary policy committee supported the hike, while...
The value of global trade increased to a record $7.7-trillion in first quarter of the year, which translates to a year-on-year increase of about $1-trillion, the United Nations Conference on Trade...
Ensuring a secure transition to net-zero emissions will require increased efforts to expand and diversify the global production of solar panels, whose global supply chains are currently heavily...
Market research firm Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says automakers are increasing their upstream investments and supply contracts to secure enough battery...
Experienced engineers are crucial in such a critical and technically-minded sector as engineering, and it is consequently not surprising that the industry players place a premium on the employment...
Minister in the Presidency Mondli Gungubele said on Thursday that while Cabinet welcomed a significant drop in Covid-19 cases in the country, it is urging more South Africans to vaccinate against...
Effective localisation strategies must start by identifying the constraints on local producers that make it harder for them to compete with foreign suppliers, a report issued by economic research...
In expenditure terms, a recovery in investment and expanded household spending boosted South Africa’s gross domestic product (GDP) growth in the first quarter this year, according to a report...
Startup-focused news and research company Disrupt Africa will, in the second week of June, release its South African Startup Ecosystem Report 2022 in partnership with the SA SME Fund and Nedbank...
South Africa is currently enjoying a terms of trade boon, with export prices outpacing import prices, market research firm Intellidex director and capital markets research head Peter Attard...
Financial services company Alexforbes Investments launched its new transformation policy on May 19. The policy launch took place in conjunction with the publication of the company’s new...
Minister in the Presidency Mondli Gungubele reports that through the 2022/2023 budget vote for Statistics South Africa (Stats SA), the entity will, over the medium-term expenditure framework...
The flood damage in KwaZulu-Natal reflects a lack of application of existing regulations and poor maintenance of infrastructure, said Business Leadership South Africa CEO Busi Mavuso on April 19....
Against the backdrop of rising food and energy prices globally, country risk and industry research company Fitch Solutions sub-Saharan Africa country risk head Jane Morley estimates that inflation...
The war in Ukraine was setting in motion a three-dimensional crisis – centred on food, energy and finance – which was producing “alarming cascading effects” to a world economy still recovering from...
The World Bank is preparing a $1.5-billion funding package to support continuation of essential government services in Ukraine following Russia’s invasion, World Bank president David Malpass...
The International Energy Agency’s (IEA’s) Sustainable Recovery Tracker’s latest update shows that clean energy spending earmarked by governments in response to the Covid-19 crisis had risen by 50%...
Manufacturing production increased by 0.2% year-on-year in February, but seasonally adjusted manufacturing production decreased by 1.1% month-on-month. The largest positive contributions were made...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declined by 1.3 points to 95.6 in March, with Russia’s invasion of Ukraine having contributed to...
The Altron FinTech Short-term Credit Impact Index for the third quarter of 2021 shows that short-term lending was heavily impacted by Covid-19, with the short-term lending segment of the consumer...
President Cyril Ramaphosa announced on Monday night Cabinet’s decision to terminate the National State of Disaster from April 5 since the terms of the Disaster Management Act are no longer met....
The North-West University (NWU) Business School’s Policy Uncertainty Index (PUI) rose to 59.7 during the first quarter of the year, from 53.2 in the fourth quarter of 2021, but may recede from its...
Signs of a slow recovery in manufacturing so far this year – which were in part being driven by improvements in production in Europe and Asia – may now be threatened by escalating geopolitical...
Retail-focused real estate investment trust (Reit) Hyprop said on March 17 that trading performance had reverted back to pre-Covid-19 levels, or in some cases even higher. The Reit said the...
Despite a tough operating period, JSE-listed Growthpoint Properties delivered a 17.6% increase in South African real estate investment trust (Reit) funds from operations and a 5.2% increase in...
The First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index (BCI) gained six points to 40 in the first quarter of this year, compared with 34 in the fourth quarter of...
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