Tag Archives: unemployment

US Federal Rate Hike- South Africa a Loser

By Vivian Atud As expected the US Federal Open Market Committee has finally taken the United States- world’s biggest economy off life support. This happened yesterday when the US Fed Chair Woman-Janet Yellen announced a 0.25 percent rate hike for the first time since 2008. What does this mean for the US economy? On the one hand, the U.S. government […]

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Unemployment in South Africa at Worse Levels in 11 years

By Vivian Atud Johannesburg- Sunburst Africa–Unemployment in South Africa continues to grow- dampening any hopes of finding a job for those who have never been employed. For the first time in eleven years the unemployment levels have now gone over 26 percent- statistics South Africa said yesterday. According to data released by Statistics South Africa (Stats SA) on Tuesday, the […]

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The US Federal Reserve at a Difficult Decision Valley.

By Vivian Atud Contrary to popular speculations, the US Federal Reserve officials failed to give clarity on when it will start increasing interest rates. It is becoming more challenging than previously anticipated for FED official to decouple U.S. monetary policy from the rest of the world. FED Chair, Janet Yallen and her team opened the door to an interest-rate increase […]

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Why Capital Flows into South Africa slowed in Fourth Quarter of 2014

By Vivian Atud What: According to the Reserve Bank’s Quarterly bulletin released earlier today- Tuesday March 17th 2015, capital into South Africa Slowed in fourth quarter as a proportion of GDP. The figures showed capital flows slowing down to 2.4 percent of Gross Domestic Product (GDP), or R23.3 billion from 6.1%, or R58.3bn, in the third quarter, the report showed […]

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South Africa among the Top Five Most Painful Economies to Live and Work in 2015

By Editor Sunburst Africa It is time for South Africa’s leaders to take decisive steps to promote growth and development in the economy. South Africa’s leaders have spent a lot of time planning and if the is one thing the country has an over-supply of – it is policies and plans. From the Reconstruction and Development Plan (RDP) in 1994, […]

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There is Little Hope for the Unemployed in South Africa

By Vivian Atud  Johannesburg- Sunburst Africa–As we get to the end of 2014, unemployment continues to grow- dampening any hopes of finding a job for those who have never been employed in South Africa. According to data released by Statistics South Africa (StatsSA) last week, the number of employees in the formal non-agricultural sector of the South African economy decreased […]

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