Growth is slowing, inflation is proving sticky and Eskom and Transnet are crash-landing, but there is still reason to check our cynicism about SA
The worst doom merchants say the SA economy is collapsing and is just a few years away from a debt crisis as the energy and transport infrastructure crumbles, growth slows and the wealthy emigrate.
I don’t agree. There’s no denying that Eskom seems to be crash-landing, while Transnet is in denial that it is going the same way. There is also no doubt that SA’s growth momentum is slowing, mainly because of these big logistical constraints coupled with sticky inflation, the waning commodity boom and recessionary global conditions...
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Proteas looking to do things differently | City PressIf you thought you were suffering through the Proteas’ capitulation in the last two matches of their recent three-test series against England, spare a thought for the man whose day job it is to look after their batting, Justin Sammons.
Read more »
Africa: AfCFTA Crucial for Africa's Economic Recovery and GrowthOpinion - Successful implementation of the AfCFTA can boost trade and promote Africa's economic recovery and growth
Read more »
5 important things happening in South Africa todayEnergy regulator Nersa suffers another blow in court over Joburg tariff hikes; Eskom COO Jan Oberholzer announces retirement; private sector shrugs off Trasnet’s auction; and public sector labour unions threaten the government with another strike day.
Read more »
Standard Bank reports double-digit interest income growthSA’s largest lender StandardBankZA reports that income earned from interest resulted in double-digit growth during the 10 months to end-October 2022, citing high-interest rates and balance sheet growth as the main drivers. Moneyweb NtandoThukwana
Read more »