Tag: mining

On Tuesday Stats SA announced that SA’s GDP had contracted 51% between April and June (using annualised quarter on quarter numbers – in other words, this is a 17% decrease for the quarter) as a result of the lockdown imposed in response to Covid-19. The contraction was shocking – but not unexpected. Given that government took the decision to implement one of the harshest and longest lockdowns globally, the severity of the economic contraction should not come as a surprise.  

Statistics South Africa (Stats SA) reported on October 29 that South Africa’s unemployment rate increased from 29.0% in 2019 Q2 to 29.1% in the third quarter. This was the highest jobless reading since 2003, and South Africa now has the joint fourth-highest unemployment rate out of 182 countries tracked by Trading Economics.

It’s a sobering thought, but South Africans have a serious climate change problem. As the world’s 14th largest emitter of carbon dioxide, we have a massive role to play in responding to climate change, and a duty to the planet to shift to a lower-carbon economy. As a signatory to the 2015 Paris Accord, United Nations member countries agreed to hasten their transition to a low-carbon future.

South Africa’s economic future is inextricably linked to the broader efforts to create a cohesive and progressive society. Initiatives to stimulate key sectors of the economy and attract investment to ignite job-creating growth will not be successful if they are not accompanied by a parallel process to address lingering issues in society that inhibit nation building.

Minister Pravin Gordhan and his team at National Treasury should be praised for striking the correct fiscal balance in this year’s budget. Gordhan understands...

2016 was a tough year for many South Africans - and small businesses took a hard knock as the local economy experienced many challenges to...

2016 marked another challenging year for South Africa’s mining industry in the wake of subdued commodity prices, an increase in short-term volatility, increased pressure...

Tourism is one of the best performing sectors in South Africa’s economy with its strong competitive advantage, the favourable exchange rate and the global growth...

On 16th August 2012, thirty-four black mineworkers were gunned down by the police under the auspices of South Africa’s African National Congress (ANC) in...