News 24

SA suffers shock recession

Edward West, The Witness

South Africa unexpectedly entered a recession on Tuesday, with a 0,7% quarterly contraction in GDP in the first three months of 2017.

When an economy goes into recession, businesses — local and foreign — become reluctant to invest, unemployment increases …Read More

Homeowners in deep debt

Hard-pressed South Africans are so worried about losing their homes that they are turning to unsecured debt providers to servicetheir homeloan payments.

South African consumers are R1.66 trillion in the red, according to the National Credit Regulator (NCR).

The latest data also notes that …Read More