South Africa’s kneecapped economy is recovering fast
The South African economy is recovering.
Transactions between banks – a good indicator of the “real” economy – has increased for the fourth month in a row in September.
Economists.co.za’s BankservAfrica Economic Transactions Index (BETI) is up 2.7% for the month to R930.6 billion, the highest value so far this year.
It forecasts an annualised Gross Domestic Product (GDP) growth rate of between 40% and 50% for the third quarter of 2020 – the fastest on record.
By that measure, GDP fell by 51% in Q2/2020.
Economists.co.za says it’ll take at least three years for the economy to reach pre-lockdown levels.
For more detail, read: Swoosh! BETI data suggest there was big economic bang in Q3 – Daily Maverick (by Ed Stoddard)
The new Toyota Starlet starts at R205 000; a Polo Vivo is about R10 000 more. Motoring journalist Ciro de Siena compares the two.Read More
"We didn’t go to the bank. I vendor-financed it, forcing me to stay involved in the business," says Angus McIntosh (Farmer Angus).Read More
The Constitutional Court has ruled that an employer may retrench its employees if they unreasonably refuse to accept changes to employment contracts.Read More
"Luiperd is bigger than Brulpadda," says Africa New Energies’ Stephen Larkin. "This couldn’t have come at a better time for SA."Read More
A policy holder has an automatic 15-day grace period. Make sure you know how it works, warns consumer ninja Wendy Knowler.Read More
Should taxpayers be worried? Bruce Whitfield interviews Le Roux Roelofse (Deloitte) after the Medium-Term Budget Policy Statement.Read More
Will Donald Trump win again, the two men that correctly predicted it in 2016 weigh in on 2020Read More
Is National Treasury not robbing Peter to pay Paul? Bruce Whitfield gets reaction to the Medium-Term Budget Policy Statement.Read More
"We’re going to talk a bit of business," says Moloto. "And I’m eager to learn how you’ve been over these past few weeks."Read More
How bad are SA’s debt woes? We'll find out when Finance Minister Tito Mboweni tables his mid-term budget review in Parliament at 2pm.Read More