Finance Minister Tito Mboweni says the South African Revenue Service will collect R15.4 billion less than earlier projected.

Tuesday, 04 September 2018 17:29

Downgrade risk returns as SA enters recession

Poor GDP figures released today revealed that South Africa has entered a technical recession following two consecutive quarters of negative economic growth, heightening the country’s risk of suffering yet another credit downgrade in the second half of the year, says Citadel Chief Economist and Advisory Partner Maarten Ackerman.

Wednesday, 07 March 2018 19:10

Relief at Q4 2017 GDP figures

Better than expected GDP figures for 2017 released today brought sighs of relief all round after an unquestionably tough year economically for South Africa.

South Africa’s economy grew by 3.1% in the fourth quarter of 2017 ending the year on a strong footing, Statistics South Africa (Stats SA) announced on Tuesday.

High state spending, slowing economy, and a marked increase in longer term deficit targets.

National Treasury has revised downwards South Africa’s economic growth to 1.5%.

Government is exploring options aimed at boosting infrastructure funding through enhancing the role of the country’s development finance institutions and by mobilising private-sector capacity, the Minister of Finance Pravin Gordhan said on Thursday.

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