Top business news: Recession, electricity hikes and credit cleansing
Fears of a full-scale recession, electricity hikes and debt forgiveness plans are some of the hot business news stories on Fin24.
Gross domestic product contracted 0.7% for the first quarter of 2017, indicating that the country has entered into a technical recession, according …Read More
Rocky road ahead as economy slips into recession
Stats SA has revealed that the country’s economy contracted by 0,7% in the first quarter of the year
It represents the second conservative contraction quarter-on-quarter and places the South African economy in a technical recession.
It follows a GDP decline of 0,3% in the …Read More
Consumers in for bumpy ride as SA slides into recession
South Africa’s economy contracted by 0,7% during the first quarter of the year, Stats SA revealed on Tuesday
It represents the second conservative contraction quarter-on-quarter and places the South African economy in a technical recession.
It follows a GDP decline of 0,3% in the …Read More
WARNING: Bleak economic indicators to hit consumers hard
Cape Town – Consumers are fighting a losing battle against the rising cost of living amid a barrage of bleak economic indicators.
South Africa is in a technical recession, its unemployment rate is on a 14-year high, it has suffered junk status gradings …Read More
Debt warning: Don’t be fooled by petrol price relief
Cape Town – While motorists can expect a further drop of 60 cents in the petrol price next month, the country is still in a technical recession and the price could increase in months ahead, warned a debt expert.
The Automobile Association (AA) expects …Read More
Petrolprys kan heelwat daal in Julie
Motoriste kan in Julie, betyds vir die wintervakansie, ’n skerp daling in petrolpryse verwag danksy die verrassende veerkrag van die rand en laer oliepryse.
Die onafhanklike ekonoom Dawie Roodt verwag petrolpryse kan met tussen 60c en 64c per liter daal, en diesel kan …Read More
Big jump in SA consumers looking for debt relief
Debt counselling company, Debt Rescue, says it has experienced a substantial increase in financially distressed consumers applying for debt review over the past few months.
Debt Rescue CEO, Neil Roets said that since the beginning of January there had been a marked increase …Read More
Big petrol price drop coming in July
DURBAN – Motorists can expect fuel prices to fall sharply in July. This is the result of a resilient rand declining oil price, economists say.
Economist Dawie Roodt expects the petrol price to decline between 60 and 64 cents a litre in July, …Read More
Petrol price could drop significantly in July
NEWSWATCH: The month of July will reportedly see a significant drop in fuel prices with independent economist Dawie Roodt expecting the price of petrol to decline by between 60 and 64 cents a litre, and diesel by about 60 cents a litre.
According …Read More
Consumers face debt crisis as recession grips SA
Cape Town – South African consumers face a debt crisis after the country entered a technical recession in 2017, according to Debt Rescue CEO Neil Roets on Friday.
“We have been living through the recession for the past couple of months,” he said. …Read More
