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Johannesburg- Sunburst Africa–As we get to the end of 2020, 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) yesterday, the South African economy shed 2,2 million jobs in Q2 of 2020. The September 2020 Quarterly Employment Statistics […]
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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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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 […]
» Read moreBy 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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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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