Business Day TV speaks to Gemcorp’s chief economist, Simon Quijano-Evans
The greenest energy is the energy you do not use, so there's no time to waste
Business grouping threatens court action over blanket power reduction on lines that hurts paying customers
Ipsos says 42% would vote for it in a national election now, down from 47% in the 2021 municipal election
The commission referred Mpact and New Era Packaging to the tribunal for prosecution for cartel conduct in 2019
July credit and debit card transactions and vehicle sales show us demand is strong
New survey highlights the gender imbalance that has overshadowed SA’s corporate sector for years
Aliko Dangote to lead a panel set up to find ways to cut resurgent malaria’s prevalence in Nigeria
England Test captain says he hopes his team has retained their “venom” before the three-match series against SA
Failing to reduce CO² emissions to set targets could cost the carmaker as much as $572m in penalties from US authorities
South Africans, surprisingly, have become large contributors to the global savings pool, with $10.7bn (R169.7bn) invested abroad over the past three quarters, equivalent to on average 4.3% of GDP. From 2010 to 2019 SA raised an average of $3.25bn (R35.7bn) of foreign capital each quarter, equivalent to a negative 3.6% of GDP. We are therefore now less dependent on foreign capital, with one deficit — a fiscal deficit — but is this good or bad news?
These flows abroad have come at the expense of expenditure on capital goods, which is now equivalent to 15% of GDP. The savings rate to GDP, at 17.3% in the first quarter of this year, has held up much better than the investment rate. The difference between savings and capital expenditure is equal to the current account surplus on the balance of payments, which is equal to the capital outflows — now strongly positive...
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 firstname.lastname@example.org 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.