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Low Growth

  • Pravin Gordhan believes South Africa will dodge another recession
  • So far this year, you've heard the word recession a lot. It's a real threat to the economy right now. The third quarter of 2015 saw 0.7% gross domestic product (GDP) growth - the fourth quarter saw 0.6% GDP growth. Results of the first quarter of 2016 shows the economy contracted 1.2%. Economists expected the economy to contract only 0.1%, which leads me to believe that nobody really knows... ››› more
  • [28 July 2016]
  • Twitter dips 12% on release of first quarter report
  • Twitter hit the stock market at the beginning of November last year. The hype surrounding the listing was similar to that seen when Facebook listed. Yesterday, the micro blogger released its figures for its first quarter. And even though the number were in line with forecasts, investors expected more. The share plunged in after-hours trading. Let's take a closer look at what Twitter revealed… ... ››› more
  • [06 February 2014]
  • The brakes are on retail sales growth
  • Earlier today, Stats SA released its data on the retail sales for the month of June. The figures disappointed. It failed to come close to economists' expectations. Read on to find out what the data showed… Stats SA reported that “growth in South Africa's retail sales was at 1.9% year-on-year in June,” says Fin24. That’s down from a mighty revised figure of 6.0% in May. Before the ... ››› more
  • [14 August 2013]
  • The number out of work in South Africa rises to 25.6%
  • Stats SA revealed that the jobless number rose for the second quarter of 2013. This brought the unemployment figure to 4.723 million. Let's have a closer look at the data… Earlier today, Stats SA released the jobless figures for April to June. And it wasn’t a pretty picture. Since Stats SA began this survey back in 2008, this is the “highest” level recorded so far, says Fin24. The ... ››› more
  • [30 July 2013]

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