GDP contracts in fourth quarter Stats SA
South Africa’s gross domestic product (GDP) contracted by 0.3% in the fourth quarter of 2016, Statistics South Africa said on Tuesday.
GDP to average 1.3% in 2017, SA needs to boost investment
South Africans can expect growth of 1.3% in 2017, which is expected to improve moderately to over 2% in the medium term, Finance Minister Pravin Gordhan said on Wednesday.
New joint venture, Pam Golding Commercial Africa expands across sub-Saharan Africa
International real estate advisor Savills has today (14 February 2017) announced that its existing associates in South Africa, Pam Golding Properties and 5th Avenue Africa, have joined forces to create a new venture.
Consumers will need to continue to “create their own luck” in 2017 despite some likely improvement in the economy
While economic growth is expected to be mildly better in 2017, this is not yet expected to be enough to turn Real Household Disposable Income growth positive on a per capital basis.
2017 could prove to be a tough year for retailers, with real retail sales growth expected to underperform economic growth
Retail Sales growth tends to be more cyclical than overall economic growth, outperforming the latter in good times, but often underperforming economic growth in tougher times.
SA’s economy grows by 0.2% in 3rd quarter of 2016
South Africa’s Gross Domestic Product (GDP) grew by 0.2% in the third quarter of 2016, Statistics South Africa’s Joe de Beer said on Tuesday.
National Treasury revises growth down to 0.5%
South Africa’s economy has been revised down to grow at a rate of 0.5% in 2016, National Treasury said on Wednesday.
Treasury proposes stringent measures to bolster growth
Finance Minister Pravin Gordhan says National Treasury will take a measured consolidation approach in order to create conditions that will set the country on a path of rapid economic growth.
Gross Domestic Product increases by 3.3% in second quarter of 2016
Statistics South Africa (Stats SA) Deputy Director-General Joe de Beer says the country’s headline figure, the real gross domestic product (GDP), grew by 3.3% in the second quarter of 2016.
Economic growth improves in the 2nd quarter, but probably not enough to prevent further labour shedding and Consumer Confidence weakness just yet
Gross Domestic Product for the 2nd Quarter of 2016 showed some mild improvement, returning to positive growth after a 1st Quarter contraction.
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