On Sunday, black-clad and masked demonstrators set fire to shops and hurled petrol bombs at police in Hong Kong.
The Gross Domestic Product data that Statistics South Africa has released shows that mining, manufacturing finance and real estate had positive growth in the three months to the end of June 2019.
Fitch has cited the widening budget deficit and increased expenditure as its reason for revising South Africa’s outlook from stable to negative. The ratings agency on Friday affirmed the country’s rating at BB Positive. The widening budget deficit, spending related to support for state-owned enterprises and the slumping of the country’s Gross Domestic Product (GDP) […]
Data released by StatsSA last week indicate that the total value of all the goods and services produced in South Africa (i.e. the Gross Domestic Product or GDP) fell in the first quarter of 2019.
Economists say the weakness in the rand shows that the currency is starting to factor in the possibilities of a credit downgrade.