GDP Archives - Voice of the Cape

SA’s economy may be tanking — but one big sector exploded with growth of 28%

Even before the biggest blow of the coronavirus crisis landed – and despite a rush to stockpile goods ahead of the national lockdown – SA’s gross domestic product (GDP) shrank by 2.0% in the first quarter of 2020. This was the third consecutive quarter of economic contraction, but actually a much better performance than many were expecting. A Reuters survey among economists showed a median expectation of -3.8%. Still, the […]

30 June 2020

Local

SA’s shrinking economy to pile pressure on consumers: analysts

Economists have expressed surprise at the degree to which the economy contracted in the first quarter of 2018. Growth domestic product (GDP) shrank by 2,2 percent to end March – marking the economy's worst performance in nine years. It is the largest quarterly fall since the second quarter of 2009. Analysts expect more pressure on consumers for the rest of the year as the effect of April’s VAT hike and […]

6 June 2018

Local

Moody’s downgrades Eskom’s ratings with negative outlook

Moody’s Investor Services has downgraded power utility Eskom’s credit ratings, this just a day after announcing a downgrade of South Africa’s five major banks. In a statement on Wednesday morning, Eskom announced that Moody’s had downgraded the corporate family rating (CFR) of Eskom Holdings SOC Limited (Eskom) to Ba2 from Ba1. The rating agency also revised the senior zero coupon Eurobonds (Section 7 debt under the Eskom Conversion Act, 2001) […]

14 June 2017

GDP

SA’s economy may be tanking — but one big sector exploded with growth of 28%

SA’s shrinking economy to pile pressure on consumers: analysts

Moody’s downgrades Eskom’s ratings with negative outlook

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