Economist Iraj Abedian says a looming global recession due to the coronavirus pandemic has contributed to the decline in the rand.
by Staff WriterPRETORIA - South Africa emerged from a recession in the second quarter as agriculture helped the economy expand more than expected, official figures showed on Tuesday, strengthening the…
by Staff WriterABUJA - Nigeria exited recession in the second quarter, but the pace of growth was slow despite higher earnings from oil, suggesting Africa’s largest economy remains fragile and…
by Reuters AfricaJOHANNESBURG (Reuters) - Finance Minister Malusi Gigaba laid out an ambitious 14-point programme on Thursday to wrench the economy out of recession that included the sale of non-core…
by Staff WriterJOHANNESBURG - South Africa's recession took economists by surprise, but for clothing shop owner Hans Setlhabi the gloomy numbers confirmed what he already knew - chronic unemployment and…
by Staff WriterJOHANNESBURG - South Africa is set to avoid slipping into a technical recession this year following surprise improvements in mining and manufacturing output, although the economy remains under…
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