Decreasing investment protection
A bloated administration seems unlikely to revive a shrinking economy.
[Source: http://online.wsj.com/news/articles/SB1000142405 by Patrick McGroarty and Devon Maylie.]
South Africa’s economy shrank in the first quarter, leaving the country further behind its emerging-market peers and testing President Jacob Zuma’s new cabinet at the outset of his second five-year term.
The 0.6% annualized drop in gross domestic product in the first three months of this year was the worst since 2009, when the South African economy slid into recession. Then a global financial storm was washing up on the country’s shores. Today the economic turbulence is mostly of the country’s own making. Read more
[Source: http://www.netnewsledger.com/2014/05/27/mining-in-south-africa-dropping/ by Kathleen Caulderwood.]
South Africa’s economy had its first contraction since 2009 as platinum worker strikes decimated production levels, and economists don’t expect things to pick up soon.
The country’s GDP shrank 0.6 percent, a much larger decrease than the 0.1 percent expected by analysts, and far less than the 3.8 percent growth it experienced in the fourth quarter of 2013. Read more
[Source: http://www.bloomberg.com/news/2014-05-27/zuma-s-cabinet-falls-short-as-south-african-growth-wanes-1-.html by Mike Cohen and Amogelang Mbatha.]
South African President Jacob Zuma appointed a cabinet that economists and political analysts said fell short in inspiring confidence in an economy battered by labor unrest and slowing economic growth.
Zuma, 72, replaced Finance Minister Pravin Gordhan, 65, after a single term with his deputy, Nhlanhla Nene. He also appointed new energy and mining ministers with no experience in those industries in an expanded cabinet that took office yesterday. Read more
[Source: http://www.reuters.com/article/2014/05/27/sarica-economy-idUSL6N0OD2CR20140527 by Stella Mapenzauswa.]
South Africa’s economy shrank in the first quarter of this year, the first quarterly contraction since a recession five years ago, as mining output plummeted due to a protracted strike in the platinum sector. The economic decline presents a challenge for new Finance Minister Nhlanhla Nene, appointed this week to steer an economy that has struggled to grow by more than 2 percent annually or generate many new jobs since the 2009 recession. Read more
57 700 000 (mid 2018 estimate)
4.5% y/y in March 2019 (CPI) & +6.2 y/y in March 2019 (PPI)
1.4% q/q (4th quarter of 2018)
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