Recession to cost SA more jobs - expert

United States News News

Recession to cost SA more jobs - expert
United States Latest News,United States Headlines
  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

SA dogged by rising debt and low growth.

Waldo Swiegers/Getty Images

Yesterday, Statistics SA said the country's economic growth for all of 2019 stood at 0.2%, its lowest reading since the global financial crisis in 2009. According to Wits University economics lecturer Lumkile Mondi the economic downturn was caused by the construction and manufacturing sectors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SowetanLIVE /  🏆 13. in ZA

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: How SA slipped into a technical recessionWits University’s Lumkile Mondi talks to Business Day TV about the economic climate and SA’s failure to grow
Read more »

SA falls into another recession as Eskom power cuts biteThe economy shrank 1.4% in quarter four, from a revised contraction of 0.8% in the previous quarter
Read more »

It's official: SA was in recession in 2019, poor numbers shock economistsThe economy shrank 1,4% in quarter four, from a revised contraction of 0,8% in the previous quarter
Read more »

SA in a recession for the third time since 1994SA in a recession for the third time since 1994South Africa in a recession for the third time since 1994 as growth slows to 0.2% it's lowest level since 2009.
Read more »

SA chefs cook up a storm at the culinary OlympicsJust like other sporting codes, the culinary industry also has its Olympics every four years. Londiwe_D
Read more »

WANDILE SIHLOBO: SA farmers ready to supply but Asia slowdown likely to hit exportsThe region accounts for a quarter of SA’s agricultural exports but the coronavirus outbreak may snag demand
Read more »



Render Time: 2025-04-01 22:25:51