Economy/Economics/Business
Collection by Gabriel Schwerin
An economy is a system which tries to balance the available resources of a country (land, labour, capital and enterprise) against the wants and needs of consumers. There are three main types of economy: planned economy, market economy and mixed economy. So basically - economics is the social science that analyzes the production, distribution, and consumption of goods and services.
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If South Africa slides into junk status, it could be disastrous for cash-strapped consumers, according to analysts.
Standard Bank warns of impact if South Africa downgraded
Standard Bank reported a 27 percent rise in full-year profit on Thursday, but said that a possible downgrade of South Africa's sovereign credit rating to 'junk' would affect its performance. The lender is sticking to a medium-term return on equity (ROE) target of 15-18 percent, said Standard Bank Chief Executive Sim Tshabalala in a statement.
"Has House Price Inflation in SA Gone Soft?" -The FNB House Price Index showed a slight acceleration in its year-on-year growth rate, from a previous month’s revised 6.3%, to 6.4% in August, which is not a significant rise. In recent months, the house price inflation rates recorded have not been too far away from consumer price inflation rates recorded in the economy.
The New Age - Newspaper ( South Africa )
The New Age newspaper was a South African national daily newspaper, owned and operated by TNA Media (Pty) Ltd. TNA Media was established in June 2010 and the first publication of The New Age was on 6 December 2010. It was re-branded as Afro Voice in April 2018. Its last edition was published on 29 June 2018. Learn more about forex
Crime, protests put SA businesses at risk
South African businesses this year face challenges resulting from low economy and protests, a report by a global risk consultancy said.