Tag: Producer Price Index (PPI)
The effects of the war on South African and global economies
The prolonged Russia-Ukraine war is ushering in a new era of volatility and possible recession for South Africa and the world. When Finance Minister Enoch Godongwana delivered his maiden budget speech in February 2022, little did he know that Russia would invade Ukraine the very next day, immediately changing both the world and South Africa’s economic outlook for 2022 and beyond.
M&E sector – support is needed for sustainable economic recovery
South African businesses in the metals and engineering (M&E) sector have faced enormous challenges over the past few years, with the pandemic compounding an already difficult situation. A shrinking domestic market, declining production, weak production sales, a smaller contribution to the economy, increasing joblessness, cheap imports and low investment levels are just some of the issues they face.
