Underwhelming Chinese activity data knock sentiment
Support for legislation enabling unexplained wealth to be probed is to be welcomed
The Board of Healthcare Funders accuses the council of being driven by political motives rather than protecting members' interests
Provincial chair elect indicates he will support Ramaphosa’s re-election as ANC president
The paper mill is ideally located to supply Mondi’s Corrugated Solutions plants in Central Europe and Turkey, and to serve the growing Italian market
Consumer finances crumble under the pressure of rising prices and interest rates, Unisa vulnerability report shows
Some in the industry believe a ban on the export of scrap will mean a more competitive steel industry, with lower prices passed on to consumers
DRC President Félix Tshisekedi Tshilombo will take over as Sadc chair from Malawi’s Lazarus Chakwera
Veteran seamer believes he still has plenty to offer despite turning 40
Wind-cheating design packs 525kW and 753Nm from a twin-turbo V12 engine
Few dispute that the economy is in serious trouble — millions of citizens, especially women, continue to live in abject poverty; unemployment rates and inequality levels are among the highest in the world and economic growth continues to be extremely low. These problems have characterised the economy since well before the transition to democracy in 1994, and SA’s history of dispossession, low wages, racial and gender discrimination and inequality is a key part of why the economy continues to be hamstrung.
In recent years, the problems in the economy have become more severe due to a number of short-to medium-term challenges that have exacerbated the crisis.
Among these, the most important are: public finances are in a mess; the SA Revenue Service’s ability to collect revenue has been undermined; unemployment continues to increase; household expenditure is falling as households cope with increasing prices and higher costs of living; important sectors of the private-sector econom...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.