According to the figures released by Statistics SA the number of liquidations increased by 24.9% in the second quarter of this year compared with the same period for last year. The estimated number of insolvencies increased by 4.6% in May and a 15.2% increase was estimated in the first five months of this year. Economist..
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We are in big trouble! With more firms shutting their doors ‘South Africa is getting poorer’ and paints a bleak picture of the state of the economy
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Unemployment rates rise to 27.6% and remain one of SA’s biggest challenges
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Statistics South Africa announces that unemployment rose by 0.5 percentage points to 27.6% in the first quarter of this year. The figures confirm economists’ presumption that economic growth in the first quarter was negative and unemployment remains one of SA’s biggest challenges. The SA economy started on a bitter note this year with unemployment rising..
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Due to political tensions in the country, South Africans are advised: “If you have cash to spare, take it out of South Africa”
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Late 2017, at the height of political tensions in the country, economist Dawie Roodt advised South Africans to take their money out of the country amid looming downgrades which would send the economy into another recession. While much has changed since then (including the appointment of Cyril Ramaphosa as president), Roodt still believes that many..
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