Moody’s finally dropped the sword on South Africa on Friday evening, following in the steps of fellow ratings agencies S&P and Fitch in downgrading the country’s sovereign credit rating to sub-investment grade or “junk status”. And the COVID-19 crisis and current lockdown mean that even before factoring in the impact of Moody’s decision, the economic outlook for SA in...
Looking at GDP from the production side of the economy: At the headline level, the numbers make for worrying reading with the SA economy contracting by 2.2% over the first quarter on an annualised, seasonally adjusted basis, and rising by a modest 0.8% for the year to...
Cyril Ramaphosa’s policies, introduced in the run-up to the ANC election at the end of 2017, targeted 3% growth in gross domestic product (GDP) by as soon as the end of 2018, with the suggestion that successful policy implementation could see annual economic growth...