Economy News Factbox The Racial Divide In South Africa S Economy

South Africa to Miss Growth Target on Slow Reforms, Moody’s Says

South Africa’s gradual structural reforms are breathing life into the economy, but aren’t sufficient to lift the growth rate to the government’s 3.5% target, according to Moody’s Ratings. Read More

South African economy to shrink by more than government's 7% forecast in 2020 -Mboweni

South Africa's economy will likely contract this year by more than the 7% previously forecast by the Treasury, Finance Minister Tito Mboweni said in an opinion piece published on Sunday. Read More

-South African economy plunged during strict lockdown

South Africa's economic output plunged in the second quarter, recording its largest contraction ever as a strict lockdown to curb the spread of the coronavirus shut down most activity, data showed on ... Read More

Western Cape emerges as South Africa's fastest-growing economy with R666. 8 billion GDP

The Western Cape has cemented its place as South Africa’s fastest-growing provincial economy, with its real Gross Domestic Product by Region (GDPR) reaching R666.8 billion in 2024. This marks a ... Read More

Western Cape emerges as South Africa's fastest-growing economy

The Western Cape has solidified its position as South Africa’s fastest-growing provincial economy, with its real Gross Domestic Product (GDP) reaching an impressive R666.8 billion in 2024. This ... Read More