South Africa is in its first technical recession in nine years. Stats SA announced on Tuesday that the country’s real gross domestic product contracted by 0.7% in the second quarter of 2018. This follows a revised fall of 2.6% in the first quarter of the year. Here’s 10 things you need to know according to the […]
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The rand extended the worst decline among emerging-market peers as data showed South Africa’s economy had slipped into a recession for the first time since 2009. Stocks and bonds also fell. The rand weakened more than 3% after data showed gross domestic product unexpectedly contracted in the second quarter, raising the nation’s risk profile at […]
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A mother and her child have been critically injured after a giraffe trampled them at a farm in Hoesdpruit, Limpopo, on Monday. “Assessments showed that a mother, believed to be in her 30s, as well as a 3-year-old boy, had sustained numerous injuries and were both in a critical condition,” ER24 spokesperson Russel Meiring said […]
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The Joint Constitutional Review is expected to hold oral presentations by stakeholders on Tuesday on the possible review of Section 25 of the Constitution to make way for the expropriation of land without compensation. The presentations, which are scheduled to take place at Parliament’s Old Assembly Chamber and emanate from written submissions, are expected to […]
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The emerging-market sell-off may have already battered South Africa’s rand, but it could get worse as traders fret about a push for land reform that may have far-reaching economic consequences and is catching the attention of world leaders. The currency plunged almost 10% against the dollar in August, its worst month in more than five […]
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