South Africa’s gross domestic product contracted by 3.2% in the first quarter, Statistics South Africa revealed at a press briefing on Tuesday, in Pretoria. The manufacturing and the mining and quarrying industries were the biggest negative contributor…
GDP contracts by 3.2% in first quarter Read More »
South Africa’s gross domestic product (GDP) is unlikely to grow by more than about 1% this year, North West University Business School economist Professor Raymond Parsons said on Tuesday, following the announcement by Statistics South Africa (Stats SA)…
Parsons warns of possible ‘technical recession’ after first-quarter GDP contraction Read More »
Zimbabwe secured a $500-million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said. The Reserve Bank of Zimbabwe on S…
Zimbabwe Got Loan From Afreximbank Using Platinum Collateral Read More »
Zimbabwe secured a $500-million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said. The Reserve Bank of Zimbabwe on S…
Zimbabwe got loan from Afreximbank using platinum collateral Read More »
Zimbabwe secured a $500-million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said. The Reserve Bank of Zimbabwe on S…
Zimbabwe got loan from Afreximbank using platinum collateral Read More »
South African President Cyril Ramaphosa’s triumph in guiding his African National Congress to a sixth straight election victory has left him with an even more formidable challenge: to pick a cabinet that can dismantle a shadow state of corruption and r…
Ramaphosa’s hard choice: a Cabinet to lift the South African economy Read More »
Even though mining production continued to contract in March, dropping by 1.1% year-on-year, the March performance is considerably better than the 7% contraction that economists forecast. The production decline softened unexpectedly against February’s …
South Africa’s mining production beats expectations Read More »
It’s not even the end of the first quarter and already there’s a plethora of once-significant South African companies that have either collapsed or had their share prices hit the wall. The likes of sugar producer Tongaat Hulett, tech provider EOH Holdi…
Ten worst South African performers tell tale of battling economy Read More »
This post The Worst Economy Ever? appeared first on Daily Reckoning.
What Napoleon can tell us about today’s stock market… “The current economy has underperformed the worst economy”… How stock markets from the Great Depression and 1970s compare with today’s…
The post The Worst Economy Ever? appeared first on Daily Reckoning.
The Worst Economy Ever? Read More »
This post Shocking Evidence: The Market is Rigged! But Here’s Why Things Aren’t as Bad as You Think! appeared first on Daily Reckoning.
It’s earnings season, and the average S&P 500 company has increased profits by about 28%! That’s a healthy rate of growth, and a big part of the reason stocks have been trading higher this year! However, there’s one problem. Executives have been telling investors to expect weaker profits. But don’t be misled by the sandbagging corporate executives! Here’s why we’re actually entering a much stronger environment for stocks this year!
The post Shocking Evidence: The Market is Rigged! But Here’s Why Things Aren’t as Bad as You Think! appeared first on Daily Reckoning.
