South Africa’s mining houses close one after the other because it has become too risky to let their workers work underground during load shedding. It costs billions of rand to stop underground mining activities and still have to pay workers even though there is no production for the whole week. Economists point out that Eskom..
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SA mining houses are closing one after the other due to Eskom load shedding
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Economic recession awaits SA due to poor performance of the rand and begging mentality of state entities
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South Africa’s economy is plunging into an abyss, and the recession looms on the doorstep of SA’s door. This is the opinion of an expert in Pretoria following the extremely poor performance of the rand and the begging mentality of state-controlled companies. The latest plea from the SA Airways, asking the ANC-regime for a R4..
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Thanks to the ruling ANC regime, SA’s economy outlook is getting worse with Eskom already plunging the country deeper into debt
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In an exclusive interview conducted by Die Vryburger with a well-known political analyst, it seems that 2019 is not a year of good prospects. The anonymous expert says the projections are getting darker with Eskom, who is already plunging the country into debt with loadshedding. In addition to the enormous R2 billion it cost daily..
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South Africa is currently on the verge of an economic collapse, with our corrupt government can one expect differently?
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Economists warn that South Africa is on the brink of an economic crisis. The recession, unemployment, the rand’s decline in value as well as international developments are factors that make the red lights flash. The rating agency Fitch stated on Tuesday, September 25, that the so-called stimulus package of Cyril Ramaphosa does not really bring..
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There is some good news for consumers – Repo rate remains unchanged
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The recession apparently forced the SA Reserve Bank to keep the lending rate unchanged. However, three of the seven members of the bank’s monetary policy committee asked for a 25 basis point increase. The bank expects GDP to grow at 0.7% for 2018, against the forecast of 1.2% in July. Read the original article in..
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The forgotten white people of South Africa that is hidden by the media
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The recession is taking its toll in South Africa as thousands off whites are starving and this is being hidden by the media. Government is not supporting people and especially not white people many of whom are ending up unemployed as a result of the racist government labour laws like affirmative action and BEE. Many..
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Recession not only a technical and temporary problem, consumers can expect to pay R17 plus for fuel
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All indications are there that the fuel price may rise by almost R1,15 in October. It can burst the price of fuel through the R17 border, which will bring higher food prices and transport costs. This despite Cyril Ramaphosa’s assurance that the recession is only a technical and temporary problem. However, the higher fuel price..
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SASSA News:- ‘Double social grants for six months’ – can this be possible?
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The social development department has made an extraordinary proposal to the inter-ministerial committee set up to find solutions to boost the economy: double social grants payments for six months.
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The ANC has dragged the country into recession, but what does it actually signify for us as South-African Citizens?
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Since yesterday September 5, 2018 around 12:00 it was announced that South Africa is in an official recession. Nearly everyone read about it with great concern, but few realize exactly what it entails.
A recession suggests a phase of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. The current recession in the country was caused by the debate about land expropriation without compensation, which undermined a very principle of the freemarket system; and the full particulars of the thuggery and corruption from Zumagate now becoming public.
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Ramaphosa’s Communist Policies Drag South Africa Into Recession For First Time in a Decade! Agriculture Down 30%
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A massive decline in the agricultural sector accompanied by smaller declines in transport and retail consumer sectors have dragged the South African economy into recession after nearly a decade of growth. It is a huge blow to President Ramaphosa’s controversial reforms.
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Rand fall and fuel prices rise after government’s reckless statements about land expropriation
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The poor performance of the Rand is definitely not good news for motorists. The Rand fell more than 8%, partly due to the mess on the Turkish financial markets. Although the oil price is relatively stable and even slightly lower, the weak rand will push the fuel price upward. The rand also visibly weakened after..
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