Economist Urges Reforms as South Africa’s GDP Shrinks by 0.3%

Economist Urges Reforms as South Africa’s GDP Shrinks by 0.3%

In S.A, North-West University Business School economist, Raymond Parsons, has called for urgent economic reforms following the disappointing gross domestic product growth figures for the third quarter, when it decreased by 0.3-percent. Parsons calls for more investment and faster reforms from both the public and private sectors to drive job-rich growth and improve the economy:

December 4, 2024 13

Business / Economics

February 2024 Vehicle Sales Stable Year-on-Year, Surge Month-on-Month

In February 2024, total new vehicle sales remained steady, reaching 1,102 units, almost matching the figures from the previous year, which stood at 1,103 units. This represents a slight contraction of 0.1% year-on-year but marks a significant increase of 16.0% month-on-month. Economist Halleluya Ndimulunde from Simonis Storm provides insights.

March 20, 2024 38

Africa

El Niño threatens Zimbabwe’s corn production

Zimbabwe has warned that farmland planted with corn has shrunk by 12% because of scorching El Niño weather patterns, threatening the nation’s food staple and potentially triggering surging prices and social unrest. We contacted Eddie Cross an economist from Zimbabwe for his comment.

March 14, 2024 55