Tag: confidence index
Innovative thinking is required to address the jobs crisis
Amidst the rising cost of living, interest rate and fuel price hikes, and load shedding, the elephant in the room remains persistently high rates of unemployment. Much fanfare tends to surround any announcement of a small decline in the quarterly unemployment rate as it did at the end of November 2022 when Statistics South Africa revealed that the official unemployment figure had decreased by one percentage point between the second and third quarters of 2022 from 33.9% to 32.9%.
Construction industry a potential flywheel for economic recovery in SA
The construction industry can play a critical role in helping address the recent hard knocks to the South African economy, but it needs the willingness and, more importantly, the action of all stakeholders to succeed. This was the overwhelming sentiment at a recent conference hosted by Construction Alliance South Africa (CASA) and headline we sponsored.
SARB rate cut – a boost for agriculture
In the midst of a recessionary domestic economy, favourable inflation outlook and lower oil prices, the South African Reserve Bank (SARB) got room to cut interest rates by 100 basis points to 5.25%. A rate cut, downside inflation outlook and supportive rand boost agriculture rebound.
