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Economy news in South Africa
An overview of news, trends and research in the category Economy in South Africa:
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Mazars executive on the tax problem facing South Africa
Weak economic activity during the Covid-19 crisis is likely to leave the South African Revenue Service (SARS) with a complex tax collection problem at the end of the year, according to Mazars South A
28 May 2020
Leading consultant comments on SA's Covid-19 lockdown
Days after a lockdown was introduced in South Africa, leading reputation management and communications consultant Solly Meung has proposed changes to the conditions of the lockdown, based on the way
10 April 2020
Intellidex applauds SA Reserve Bank's new liquidity policy
Market research and consulting firm Intellidex has lauded the latest quantitative easing measures being introduced by the South African Reserve Bank (SARB).
30 March 2020
PwC recommends a significant cut in interest rates for SA
PwC expects the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) to cut interest rates in the country in light of the potential Coronavirus-induced recession.
25 March 2020
Loyalty programmes are gradually falling out of favour in SA
The popularity of loyalty programmes across South African retailers is on the decline, according to the latest research by customer research consultancy Truth in collaboration with BrandMapp.
18 March 2020
Mazars tax executive on the latest budget statement
Inflation-adjusted income tax brackets introduced in the latest budget statement by Finance Minister Tito Mboweni are a promising step towards reinjecting momentum in South Africa’s economy.
09 March 2020
Businesses need to safeguard against Coronavirus disruption
Associate Consultant at Mercer South Africa Didintle Kwape has urged organisations across the continent to prepare their businesses for disruption from the rapidly spreading COVID -19 virus (Coronavi
06 March 2020
Deloitte sponsors discussion on South Africa's economy
Deloitte, in partnership with Standard Bank and the Mail & Guardian, has sponsored a panel discussion to examine the state of the South African economy ahead of the most recent budget statement from
05 March 2020
The economic impact of the Coronavirus on South Africa
Trade and tourism disruptions resulting from the COVID-19 (Coronavirus) might cost South Africa as much as R200 million and 1,000 jobs, according to simplified estimates from Big Four accounting and
27 February 2020
Corporate tax hikes are an unnecessary burden on SA's economy
EY has become the latest of the Big Four accounting and advisory firms to recommend a relaxation of the corporate tax rates in South Africa.
26 February 2020
Deloitte's expectations from the upcoming budget statement
Ahead of the budget statement 2020 to be delivered by Finance Minister Tito Mboweni next week, Deloitte has highlighted the need for the government to announce business-friendly policies in order to
25 February 2020
PwC's recommendations for the upcoming SA budget
In anticipation of the upcoming budget speech at the end of this month, PwC South Africa has offered its predictions and recommendations for the much anticipated statement.
14 February 2020
Global pessimism has dampened the outlook in South Africa
An increasingly uncertain global climate is breeding pessimism in the business environment across the world, and South Africa is no different.
03 February 2020
Investments in clean coal could save South Africa's coal sector
Despite global claims that the coal economy is fading away, coal remains a central part of South Africa’s economy, and is likely to grow in significance if clean coal technologies increasingly come i
31 January 2020
The pros and cons of an interest cut in South Africa this year
As South Africa’s Monetary Policy Committee (MPC) meets for the first time in 2020, PwC analysts Lullu Krugel and Christie Viljoen believe that the body might sway in either direction with respect t
20 January 2020
Intellidex revises South African GDP forecast for the worse
A sustained power shortage with no evident solution in the near future has driven market research and consulting firm Intellidex to cut back its GDP growth forecast for South Africa between 2022 and
14 January 2020
Mazars executive on the new medium-term budget statement
Many aspects of the new Medium-Term Budget Policy Statement (MTBPS) recently launched by Finance Minister Tito Mboweni have caused concern, although the intentions of the minister are not all bad.
08 November 2019
New budget statement might spell a bad Moody's rating for SA
South Africa is likely to receive a dismal credit rating from global investor advisory agency Moody’s in light of the recent budget statement from the country’s Finance Minister Tito Mboweni.
05 November 2019
Poor business sentiment is harming economic growth in SA
Analysing the latest data from the Bureau for Economic Research (BER), PwC Strategy& economists have stressed the urgency of injecting optimism in the business sentiment across South Africa.
13 September 2019
EY Partner stresses the importance of FDI for South Africa
Speaking at the World Economic Forum (WEF) in Africa, Partner & EY Africa Industry Leader for Government & Public Sector Sandile Hlophe has emphasised the need for South Africa to work harder towards
09 September 2019
Businesses in South Africa need to better prepare for Industry 4.0
In an interview with CNBC Africa, Principal Consultant at Mercer South Africa Deon De Swardt has asserted that the overall level of preparedness for the fourth industrial revolution is low across Sou
22 August 2019
Strategy& economists analyse the rising unemployment rate in South Africa
PwC Strategy& Economists have analysed the latest figures form Statistics South Africa to determine the unemployment scenario in the country, and have concluded that the situation is deteriorating.
02 August 2019
Obsolete laws may be contributing to South Africa's offshoring problem
The draining of talent and wealth from the South African economy to international markets is an issue that appears to be persistent in its intensity.
30 July 2019
Tweaking the monetary policy could offer momentary relief to SA businesses
The debate around interest rates has been sparked again in South Africa, this time due to a decision by the Monetary Policy Committee (MPC) to reduce the interest rates in the country by 25 basis poi
19 July 2019
PwC elaborates on the importance of Youth Month in South Africa today
In the midst of a sea of Youth Month initiatives, global professional services firm PwC has indicated that cultivating young talent in South Africa is more crucial than ever in the contemporary scena
25 June 2019
Inflation rates in South Africa appear to be balanced and under control
A low level of inflation in the price of food is keeping overall inflation in South Africa at manageable levels by South African Reserve Bank (SARB) standards, according to senior economists at PwC S
24 May 2019
Collaboration and sustainability are the way forward for the South African economy
As South Africa looks to turn a corner on a particularly turbulent period for its economy, experts and stakeholders from the policy and business environments alike are debating the best direction and
14 May 2019
M&A and talent development are among the key strategies for a digitalising SA
Following from its analysis on the global digital landscape in 2017, global management consultancy McKinsey & Company has released a set of recommendations for the South African market to ensure that
06 May 2019
Poor economic conditions might dent South Africa's investment profile
Despite the words of promise delivered by Finance Minister Tito Mboweni in this year’s budget speech, South Africa’s profile as a destination for investment is likely to deteriorate on the back of pu
12 March 2019
Mboweni's budget speech was more solution-oriented than expected
Despite expectations of populist and pandering budget announcements from the new South African Finance Minister Tito Mboweni, the 2019 budget speech consisted of a number of relevant policy announcem
28 February 2019
Newly discovered oil reserves could transform the South African economy
As South Africa struggles to find the right formula to drive its economic growth, the country’s growth prospects have just received a major boost through the discovery of substantial natural gas depo
13 February 2019
Tito Mboweni branded the CEO of South Africa by Mazars Senior Partner
Global accounting and consulting firm Mazars organised a panel discussion in Cape Town in anticipation of the first budget speech to be delivered by South Africa’s new Finance Minister Tito Mboweni,
31 January 2019
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