Results for economic decline

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Maarten Ackerman, chief economist and advisory partner, Citadel
Latest GDP shocker the straw that will break the camel's back?Article

Latest GDP figures have laid bare the grim reality of Covid-19's economic effects, revealing an unprecedented 51% decline in economic activity in the second quarter of this year...

Maarten Ackerman 9 Sep 2020

Risenga Maluleke, statistician-general
GDP contracts by 51% under lockdownArticle

The South African economy contracted by a staggering 51% in Quarter 2 of 2020, as the country reeled from the consequences of the Covid-19 enforced lockdown...

8 Sep 2020

Covid-19 lays bare impact of inequality, historical privilege
Covid-19 lays bare impact of inequality, historical privilegeArticle

On a trip to Denmark to discuss the Sustainable Development Goals (SDGs) with the National Business Initiative's (NBI) counterparts there, the one issue on which we struggled to connect was inequality...

Steve Nicholls 30 Jul 2020

#StartupStory: Sorbet Group founder launches The Hatch Institute
#StartupStory: Sorbet Group founder launches The Hatch InstituteArticle

Despite the uncertainty, business closures and economic decline caused by the Covid-19 pandemic, Ian Fuhr launched The Hatch Institute - a personal and business leadership coaching company...

Evan-Lee Courie 13 Jul 2020

Covid-19, youth, innovation and the township economy: an opportunity to rethink
Covid-19, youth, innovation and the township economy: an opportunity to rethinkArticle

Long before the coronavirus pandemic hit the South African environment, its youth population was already disproportionately affected by economic decline...

Thembela Ntlemeza and Sifiso Mazibuko 18 Jun 2020

Lockdown forcing construction sector to think more strategically about tech adoption
Lockdown forcing construction sector to think more strategically about tech adoptionArticle

According to the results of a survey conducted by Construction Computer Software, the lockdown has compelled the construction industry to think more strategically about the adoption of technology...

21 May 2020

Webinar: Wine tourism beyond lockdown
Webinar: Wine tourism beyond lockdownArticle

Destinate, with the participation of UNWTO, Wesgro and VinPro, will be hosting The Future of Wine Tourism webinar from 19-21 May 2020...

12 May 2020

The economic impact of Covid-19
The economic impact of Covid-19Article

Saica hosted a webinar where Investec chief economist Annabel Bishop spoke about the effects of sub-investment grade status and the coronavirus on our country's already struggling economy...

Issued by SAICA 4 May 2020

#ConsciousCapitalism - the new imperative for food and beverage manufacturers
#ConsciousCapitalism - the new imperative for food and beverage manufacturersArticle

To feed the world in a new era of awareness and to sustain their own future, manufacturers need to change their mindsets...

Roy Henderson 28 Apr 2020

Budget 2020: Stalling property market needs economic relief
Budget 2020: Stalling property market needs economic reliefArticle

The stalling property market is in dire need of economic relief. The 2016-2018 transfer duty and capital gains tax (CGT) hikes were never going to result in higher government revenue...

Samuel Seeff 24 Feb 2020

Employing innovative ideas for sustainable agriculture
Employing innovative ideas for sustainable agricultureArticle

"Sustainable agriculture can be defined in many ways, yet the most accurate description is that it sustains farmers, resources and surrounding communities through the promotion of profitable, environmentally-responsible farming activities in the interest of all citizens of South Africa."

20 Sep 2019

It's a man's world this summer as John Craig brings splashes of seasonal attire to inspire a contemporary look
It's a man's world this summer as John Craig brings splashes of seasonal attire to inspire a contemporary lookArticle

Step into our new John Craig store, Centurion and get your Summer look-book first hand.

Issued by John Craig 22 Jul 2019

Ghana has, since independence in 1957, regularly turned to the IMF for financial assistance Shutterstock
Why Ghana is likely to go on needing the IMF - however difficult the relationshipArticle

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...

Priscilla Twumasi-Baffour 1 Jul 2019

Uptick in semigration, tourism to boost Cape rental market
Uptick in semigration, tourism to boost Cape rental marketArticle

According to the Seeff Property Group, it is not just the demand for residential accommodation that drives the Cape Town rental market, but added economic drivers such as tourism, conventions and events, corporate contracts and semigration...

18 Jun 2019

South Africa has seen a steady rise in the number of protests Shutterstock
Ramaphosa's critical choices to get South Africa back on trackArticle

South Africa's economy is in dire straits. Unemployment has reached a 15-year high of 27.6%. And in the first quarter of this year GDP growth dropped by 3.2%. That's the biggest quarterly drop in a decade...

Sean Gossel 14 Jun 2019

What the recession means for the property market
What the recession means for the property marketArticle

Following the recent announcement of a 0.7% drop in GDP in the second quarter of 2018, South Africa has fallen into another technical recession...

Adrian Goslett 10 Sep 2018

Shifting gears in the second-hand car market
Shifting gears in the second-hand car marketArticle

Fuel prices are up, the cost of living is on the rise, and yet your dream car might be more accessible than ever...

3 Aug 2018

Seven Miles South, Claremont
Flat rental rates in Cape Town's Southern Suburbs decline by 36%Article

According to Seeff's Imtiaz Adam, the Southern Suburbs sectional title rental market has softened notably over the last few months...

28 May 2018

Bright times lie ahead for black-owned concrete business
Bright times lie ahead for black-owned concrete businessArticle

Bright by name. Bright by nature. Bright through sheer hard work and dogged determination participated in the Sasol Siyazenzela Youth Programme (SSYB) in 2015, facilitated with the assistance of female-owned Tushiyah Advisory Services...

Issued by Stone Décor 21 Feb 2018

Slight uptake in South African consumer confidence
Slight uptake in South African consumer confidenceArticle

The latest Nielsen South African Consumer Confidence Index (CCI) for Q3, 2017 reflects a five-point increase from the previous quarter to 83 points, the highest level since Quarter 3, 2016...

Issued by Nielsen 16 Jan 2018

Image source:
Ramaphosa at ANC helm is best possible outcome for SA economyArticle

Deputy President Cyril Ramaphosa assuming leadership of the ANC will be nothing less than a direct cardiac adrenaline shot to business confidence...

Lew Geffen 19 Dec 2017

Phumi Mashigo, MD of Ignitive and new chairperson of the AdFocus Awards.
#FMAdFocus2017: Hello and goodbyeArticle

The new AdFocus Awards chairperson for 2018-19 is Phumi Mashigo, MD of Ignitive. She takes over the rein from Craig Page-Lee, founder of d-cifr...

23 Nov 2017

Think you're ready to invest in a rental property?
Think you're ready to invest in a rental property?Article

You need to take care, there are pitfalls...

Samuel Seeff 21 Aug 2017

Property sector welcomes rate cut, calls for leadership to 'get its house in order'
Property sector welcomes rate cut, calls for leadership to 'get its house in order'Article

The SA Reserve Bank recently reduced the repo rate by 25 basis points...

Sindy Peters 21 Jul 2017

Amir Ben Yahmed, founder and president of the Africa CEO Forum.
Call to reinvent a new African 'business model'Article

Fifth Africa CEO Forum Opens in Geneva with the theme of interrogating and rethinking the African ‘business model' in order to overhaul it...

22 Mar 2017

Image by 123RF
Zimbabwe police fire teargas at protest against 'bank notes'Article

Riot police in Zimbabwe fired tear gas and beat up opposition protesters marching Wednesday through Harare against the new 'bond note currency'...

2 Dec 2016

Image by 123RF
FMCG sector in sub-Saharan Africa is set to boomArticle

Sub-Saharan Africa's rapidly rising middle class is a huge FMCG market in waiting, says Southern African FMCG entrepreneur Adam Molai...

22 Jul 2016

Lessons from South Africa on why gender matters in social welfare policies
Lessons from South Africa on why gender matters in social welfare policiesArticle

The question of gender equality in social welfare policies is a topic that remains under-developed in social welfare theory and policy thinking in the Global South. This is true even though it is increasingly receiving attention in the North...

Leila Patel 23 May 2016

Is South Africa's credit rating about to become junk? © Eduardo Huelin
Junk status: A self-fulfilling prophesy?Article

Researchers at the University of Pretoria warn that a ratings downgrade of South Africa to junk status may serve as a self-fulfilling prophesy..

Dr Conrad Beyers, Dr Pieter de Villiers and Dr Rey 19 Apr 2016

Buckle up, it's a bumpy ride ahead for property
Buckle up, it's a bumpy ride ahead for propertyArticle

The decision to hike the repo rate by 50 basis points, taking it to 6.75%, and the base home loan rate beyond the 10% barrier to 10.25%, comes as no surprise...

Samuel Seeff 29 Jan 2016

South African Tourism sector in crisis - Grant Thornton
South African Tourism sector in crisis - Grant ThorntonArticle

SA's Tourism sector is entering its first serious crisis stage as Stats SA's Q1 figures reveal a bleak 6% decline in total foreign tourist arrivals to South Africa for the period ending 31 March 2015...

3 Jul 2015

The wonderful design whimsy of Wonderland
The wonderful design whimsy of WonderlandArticle

Wondering why you haven't heard Wonderland's name at any local award shows (yet)? There's a perfectly good reason...

Leigh Andrews 31 Mar 2015

Function design isn't just decoration, it's the main event
Function design isn't just decoration, it's the main eventArticle

When business gets tight, the initial reaction by the vast majority of business owners may be to cut costs by reducing staff, cutting hours, downscaled delivery or terminating marketing.

20 Sep 2013

Tertiary educators help bridge the gap between study and workArticle

Innovative ways of bridging the gap between tertiary education and employment have come to the fore in a move by leading educators to find solutions for workplace skills training and graduate employment.

17 Jul 2013

A broader approach to work skills training necessary - Coughlan
A broader approach to work skills training necessary - CoughlanArticle

Educators are searching for solutions to bridge the gap between tertiary education and employment. Innovative methods have come to fore in developing workplace skills training and helping graduates to find employment.

17 Jul 2013

Gigaba wants stronger African ties
Gigaba wants stronger African tiesArticle

South Africa needs to renew its focus on African economies in order to grow its export destinations, Public Enterprises Minister Malusi Gigaba said on Thursday (14 March).

15 Mar 2013

SA desperate for black industrialists - Zuma
SA desperate for black industrialists - ZumaArticle

Government should help create South Africa's own black industrialists, President Jacob Zuma said in Johannesburg.

Chris Bathembu 11 Oct 2012

African Press Review - 19 July 2012Article

More on the Mau Mau veterans suing the British government for alleged torture when Kenya was a British colony, worries about a fall in tourism in Uganda and a drop in investment in South Africa all feature in today's African papers...

Michael Fitzpatrick 19 Jul 2012

Thomas Oosthuizen
Can marketing lift stock price?Article

While most marketers will endorse the fact that marketing works in building brands, improving brand image and driving sales, the relationship between marketing and investor value is not always that clear. Although we as marketers will anecdotally believe it, isolating the effect of marketing is complex.

Thomas Oosthuizen 28 Mar 2012

Zuma: Africa upbeat despite economic crisis
Zuma: Africa upbeat despite economic crisisArticle

The economic crisis occurs under very upbeat circumstances for Africa said President Jacob Zuma.

31 Jan 2012

More job losses on the cards for SAArticle

A total of 468 000 people are likely to lose their jobs in South Africa as a result of the global economic decline and a report released by the International Labour Organisation (ILO) rates South Africa as having one of the worst employment rates in the world, alongside Spain and America.

14 Oct 2011

Elections in Africa: BBC, CNN in the dock
Elections in Africa: BBC, CNN in the dockArticle

BBC and CNN stand accused of providing 'dishonest', 'euro-centrist' and 'personalised' coverage of African elections, which totally misses the point and fails to connect with the real issues on the ground. This emerged at the Media and Elections in Africa two-day conference held this week at Wits University in Johannesburg, South Africa.

Issa Sikiti da Silva 13 Oct 2010

Zimbabwe: Veggies dried and tastedArticle

BULAWAYO: A resurgence of interest in dried traditional vegetables has opened up a market opportunity for women entrepreneurs in Zimbabwe's second city, Bulawayo.

Ignatius Banda 19 Jul 2010

SA hotel capacity growth - tracking real factors
SA hotel capacity growth - tracking real factorsArticle

The growth in South African hotel industry capacity is based extensively on the unprecedented economic growth experienced over the decade leading up to the global contagion, which was ignited in September 2008 and which resulted in the pent-up demand for hotel accommodation all but dissipating in the wake of the economic meltdown. It is a common misconception in the market that the 2010 FIFA World Cup has motivated this increase.

Kamil Abdul-Karrim 1 Jun 2010

Grindrod sees lower earningsArticle

Freight logistics group Grindrod on Wednesday advised shareholders that its earnings per share and headline earnings per share for the six-month period to 30 June 2009 are expected to decrease by between 50% and 60%, compared with the corresponding period in 2008.

2 Jul 2009

Banks to re-introduce international credit card payment systemsArticle

Zimbabwe's banking sector is working towards re-introducing international credit and debit card purchasing and cash dispensing systems, which collapsed at the height of an economic crisis over the past decade.

Sam Hungwe 11 May 2009

Economic downturn ups the need for social investmentArticle

There's been a lot said and written about how the economic decline will impact the poorest of the poor, but much of it considers only how people already on the breadline will be affected - not that there will be far more of them.

Amelia Jones 14 Apr 2009

Durban port container traffic fallsArticle

Volumes at the Durban container terminal dropped 15.6% from December to last month compared with the same period last year, Solly Letsoalo, chief operating officer at Transnet Port Terminals, has reported.

Margie Inggs 23 Mar 2009

You owe it to yourselfArticle

Red warning lights are going off for many South Africans who are sinking deeper into debt. The economic decline, interest rate hikes and petrol, food and electricity price increases — which have outpaced salary increases — are all increasing the pressure.

13 Mar 2009

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