gross domestic product

GDP growth slows, jobless numbers up

Gross domestic product growth slowed in the first quarter of the year, according to Statistics South Africa. Contributors to the increase included mining, finance and business services sectors. It also said the unemployment rate rose to 26.4% from 24.3% in the last quarter of 2014.

South Africa’s economy grows by 4.1%

South Africa's Gross Domestic Product increased by 4.1% in the fourth quarter of 2014, Stats SA announced on Tuesday, accelerating much more than the markets expected - thanks largely to higher production in the manufacturing sector.

Africa dismantling trade barriers

African countries are collaborating to remove barriers to inter-country trade on the continent, President Jacob Zuma says on the sidelines of WEF. Allowing investors to move freely across borders is necessary for business to flourish, and red tape preventing this is being cut by governments.

SA economy grows 1.4% in third quarter

The South African economy grew by 1.4% in the third quarter according to data released on Tuesday by Statistics SA - and analysts say the recovery is expected to gain moderate momentum in the final quarter of 2014.

Gordhan anchors Budget on economic growth

South Africa will focus its efforts on economic growth over the next five years, backed up by increased investment in electricity and transport infrastructure and a range of measures to stimulate industrialisation and job creation, Finance Minister Pravin Gordhan told Parliament on Wednesday.

Getting the export balance right

The way forward for South Africa is to boost competition and promote regional trade integration. These are critical for restarting the nation's idling export engine to bolster growth, which in turn will help to create jobs and cut poverty.

South Africa’s economy: key sectors

The key sectors that keep South Africa's economic engine running are finance, real estate and business services, general government services, as well as trade,...

Cape to Cairo trade agreement to open African borders

African trade efficiency is set for a major boost when three regional economic communities sign an agreement in June to establish an enlarged free trade area encompassing 26 countries – roughly half of the member states of the African Union, stretching from Cape to Cairo.

Fitch upgrades SA’s ratings outlook

International credit ratings agency Fitch Ratings has revised South Africa's outlook from negative to stable, citing improved economic growth prospects, increased spending in key areas by companies like Eskom and Transnet, and a narrowing current account deficit.

World Cup boost for SA tourism

The 2010 Fifa World Cup will entrench South Africa's reputation as a world-class destination and leave a tangible, lasting tourism legacy in the country, says Tourism Minister Marthinus van Schalkwyk.