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    Despite Q3 bounce, South African economy in contraction

    Despite Q3 bounce, South African economy in contraction

    Recovery is expected to continue albeit at a much slower pace, experts say.

    BRICS Business Council promotes cooperation

    BRICS Business Council promotes cooperation

    Members said awareness about the alliance should be boosted in a period of increased economic and trade volatility.

    South African economic growth revised lower

    South African economic growth revised lower

    A collapse in household and business income led to a surge in job losses and business closures.

    Monetary policy failed to cushion consumers in Q2

    Monetary policy failed to cushion consumers in Q2

    Household consumption expenditure accounted for 61.7 per cent of the economy in the second quarter.

    BRICS New Development Bank issues second COVID-19 Response bond

    BRICS New Development Bank issues second COVID-19 Response bond

    The NDB aims to provide up to US$10 billion in crisis-related assistance.

    South African final demand rose in the fourth quarter

    South African final demand rose in the fourth quarter

    Prospects for 2020 were looking good prior to the global panic resulting from the coronavirus outbreak.

    South African Budget does not raise any new taxes

    South African Budget does not raise any new taxes

    Commitments made at the 2018 and 2019 Investment Summits haven't been factored into the GDP growth forecasts.

    Renewable energy a key focus area for the BRICS Bank

    Renewable energy a key focus area for the BRICS Bank

    The NDB will also make an investment of up to $100 million in the Patria Infrastructure Fund IV, L.P. in Brazil.

    BRICS Bank approves $1.4 billion in new loans

    BRICS Bank approves $1.4 billion in new loans

    The NDB plans to almost double its loans to $16 billion this year and increase its impact.

    WEF’s central message on Africa is ‘Implementation’

    WEF’s central message on Africa is ‘Implementation’

    To this end, notable outcomes such as action plans tackling the crisis of gender-based violence were created.

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