News
The case for a state-owned bank – The Mail & Guardian
3+ hour, 3+ min ago (655+ words) South Africa's banking system is one of the most concentrated and exclusionary in the world. A handful of powerful commercial banks dominate the sector, posting obscene profits while millions of people are locked out of meaningful access to finance." The…...
Every business depends on nature and most are helping destroy it, landmark report warns – The Mail & Guardian
2+ day, 13+ hour ago (1165+ words) The accelerating loss of nature has become a critical systemic risk that threatens global economic stability, financial markets and human well-being. That's the stark conclusion of a landmark new report published this week by the Intergovernmental Platform on Biodiversity and…...
Redesigning the scorecard: Why economic accounting must include nature – The Mail & Guardian
4+ mon, 2+ week ago (1199+ words) In the global debate over sustainability, the concept of "negative externalities" " the divergence between private returns and social costs " remains a theoretical footnote in many economic models." The importance of accounting more appropriately for these costs is critical to reversing…...
GDP growth not enough to ‘shift the bigger picture’, say economists – The Mail & Guardian
5+ mon, 2+ day ago (1030+ words) South Africa's second quarter GDP growth came in much stronger than expected, reaching its highest level in two years, but economists warned that this is still not enough to bolster the creation of new jobs and lift household incomes." The…...
Goodyear closure demands a paradigm shift: Workers must take over factories – The Mail & Guardian
5+ mon, 3+ week ago (576+ words) The closure of Goodyear in Kariega (formerly called Uitenhage) is more than another company shutting its doors. It is a brutal reminder of the structural crisis facing South Africa's working class. Factories, once held as pillars of stability, are now…...
UPDATED: Unemployment rises to 33.2% in second quarter – The Mail & Guardian
6+ mon, 16+ hour ago (557+ words) South Africa's unemployment rate rose to 33.2% in the second quarter of 2025 from 32.9% in the previous quarter, Statistics South Africa said on Tuesday." This was the third consecutive rise in unemployment since the final quarter of 2024, and the highest level since…...
SA food inflation rises again — but doesn’t shift the moderate outlook – The Mail & Guardian
6+ mon, 1+ week ago (384+ words) South Africa's consumer food price inflation rose to the highest level in 16 months, at 4.7%, in June 2025, from 4.4% in May, underpinned mainly by recent increases in the price of meat; oils and fats and vegetables. But this increase does not alter…...
From groceries to bonds: How a 3% inflation target will affect you – The Mail & Guardian
7+ mon, 1+ week ago (931+ words) South Africa is on the cusp of a quiet, but profound, policy revolution, one that will probably not dominate headlines, but could change the cost of living, investment climate and policy credibility for years to come. The South African Reserve…...
SA economy grows marginally by 0.1% in the first quarter of 2025 – The Mail & Guardian
8+ mon, 1+ week ago (317+ words) South Africa's economy expanded by a marginal 0.1% in the first quarter of 2025, largely driven by the agriculture sector, following downwardly revised growth of 0.4% in the last quarter of 2024, Statistics South Africa said on Tuesday. Agriculture increased by 15.8% " contributing 0.4 percentage points…...
Entrepreneurship key to solving SA’s youth unemployment crisis
8+ mon, 3+ week ago (736+ words) The best way to solve unemployment is by supporting small businesses and through entrepreneurship, said Tarry Blecher, chairperson of the department of education's E3 (entrepreneurship, employability ... Investing in young people to help them become entrepreneurs is one of the ways corporate…...