Tag Archives: Economic growth

How can empowering women transform economic growth and business models? (Moneyweb)

Would you exclude 50% of a species and think you’re going to survive, questions Dr NobuLali Dangazele from Gibs. Click here to read the full article

Banking Sector Spurred Nigeria’s Economic Growth In 2023, Contributing 4.6% To GDP, Per Report(ForbesAfrica)

Nigeria’s Financial & Professional Services (FPS) sector demonstrated strong performance in 2023, with the banking sub-sector leading the way, contributing 4.6% to the nation’s gross domestic product (GDP), according to the recent State of Enterprise (SOE) 2024 report by EnterpriseNGR, a member-led group focused on developing Nigeria’s FPS sector through collective advocacy. Click here to […]
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Consumer spending and its implications for economic growth in South Africa(DM)

Higher levels of consumer spending are critical for economic growth as spending stimulates demand for goods and services, leading to increased production. Higher production levels boost business development and investment and create job opportunities. South Africa’s economy experienced low growth over the past decade. One of the leading causes of low levels of economic growth […]
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African nations dominate top 10 economic growth spots in 2024 (M0neyweb)

Africa faces economic headwinds this year, but some of the continent’s brightest sparks are shading it in a more hopeful light. Six of the top-10 performing economies in the world are forecast to come from Sub-Saharan Africa in 2024, according to the International Monetary Fund. Their smaller size won’t be enough to make up for […]
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What is GDP and how is it measured? (BBC)

GDP – or Gross Domestic Product – is an important tool for judging how well, or badly, an economy is doing. It lets the government work out how much it can afford to tax and spend, and helps businesses decide whether to expand and hire more people. Click here to read the full article

7 Tips for female entrepreneurs to leverage International Trade (Forbes)

“When women trade, women succeed economically. With 95 percent of world consumers and 80 percent of world purchasing power outside of the United States, international trade is an untapped resource for women-owned businesses,” the International Trade Administration says. Trade helps companies be more financially stable, stay in business longer, earn more, create more jobs, and be “more […]
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Can SA bounce back from its current economic challenges? (Moneyweb)

South Africa faces a plethora of challenges and will need to bounce back soon to prevent it from spiralling out of control. The question we constantly grapple with is whether it can bounce back from its current economic challenges. Many Idols contestants really, really want to win – but the reality is that most simply […]
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Economic growth in G7 versus Brics: A reality check (M&G)

In the UK, the BBC prepared and published data from the International Monetary Fund (IMF) in January about various nations’ growth forecasts for 2023 and 2024.  The BBC foregrounded some bad news for the UK. Of nine major industrial economies — the G7 (the UK, US, Canada, Japan, Germany, France and Canada), plus Russia and China — […]
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PwC lowers SA’s economic growth prospects for 2022 (IOL)

At the start of 2022, PwC’s downside economic scenario suggested real gross domestic product (GDP) growth of 1.6 percent this year and an average inflation rate of 5.6 percent. PwC yesterday said that its current baseline outlook was for 1.8 percent growth and 6.3 percent inflation, which is not far removed from this downside view […]
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South Africa’s business mood recovers – but now faces Ukraine war risks. (BT)

“The stagflationary shock brought about by Russia’s invasion of the Ukraine has now triggered a significant degree of uncertainty around global, and by implication, South Africa’s gross domestic product growth prospects,” said Ettienne le Roux, RMB’s chief economist. “This is most unfortunate as it happens at a time when the economy seems to have been […]
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