United States Secretary of State Mike Pompeo’s criticism of the South African government's proposed policy of Expropriation without Compensation suggests that the US-SA commercial and diplomatic relationship could be under significant strain.
The United States Secretary of State's remarks that land expropriation without compensation would be disastrous for the South African economy are just the latest comments from the US Government casting aspersions on the process.
South Africa's unemployment rate remains unchanged at 29.1%.
Economists are sceptical that Finance Minister Tito Mboweni and Team SA delegation will succeed in inspiring investor appetite in the South African economy at the 50th World Economic Forum (WEF) in Davos this week.
SARB cuts the Repo rate by 25 basis points to 6.25% in Q1 2020, following a unanimous vote by the SARB MPC.
We’d be lucky to see 0.9% growth, which is the World Bank’s expectation, and could already be in a depression rather than a recession, one expert said.
Small, medium, and micro enterprises (SMMEs) have the potential to drive economic growth and employment in South Africa. However, this potential is not being realised.
White South Africans are getting paid three times more than their black African counterparts at work.