Biggest threat facing South Africa in 2019

Dawie Roodt, chief economist at the Efficient Group, believes that there is little reason to be optimistic now that South Africa is no longer in a technical recession. Statistics South Africa revealed on Tuesday (4 November) that the country’s economy expanded by 2.2% in the third quarter – effectively ending the country’s negative growth trajectory. […]

SA warned to spend wisely – fuel price drop

Consumers warned to spend wisely in wake of fuel price drop Stats SA on Tuesday announced a 2.2% increase in the third quarter Gross Domestic Product. JOHANNESBURG- As South Africans welcome the news of a growing economy and a lower petrol price, consumers are being warned against using money they don’t have. Stats SA on Tuesday […]

South Africans are battling – SA leaders don’t notice

Ordinary South Africans are battling The decision by the South African Reserve Bank to increase the repo rate by 25 basis points is bad news for consumers and is going to add significantly to the debt burden. Coming on the heels of a 1% VAT increase and rising inflation – especially in the food sector […]

Retailers bracing themselves for #BlackFriday

Cape Town – Retailers across the country are bracing themselves for a frenzied rush to their stores on Friday for the so-called Black Friday discount bonanza. Most are unpacking additional stock, hiring extra staff and security in anticipation of a buying mob descending from the early hours. Retailers like Pick ‘n Pay, Shoprite, Checkers, Makro and […]

South Africa’s big debt problem: Dawie Roodt

Depending on how much the government plans to recover for the R2 billion it paid to keep the fuel price down in November, consumers could be looking at a reduction in the petrol price of around R1.50 a litre in December, while diesel could drop by as much as 92 cents a litre. This is […]