Tag Archives: Economy

Inside The New Cannabis Hospitality Economy: The Shift From Gimmick To Global Business(FC)

At a lakeside resort in Missouri’s Ozarks, a new kind of traveler is greeted not with champagne but with a cannabis-infused mocktail and a curated wellness itinerary. Meanwhile, on the beaches of Koh Samui, Thailand, guests at a boutique hotel book consultations with herbalists who recommend precise doses of infused teas and edibles to complement […]
Read More »

5 expert strategies for closing the gender gap in tourism leadership(IOL)

South Africa’s economy is driven by the “Big 5”. These are not the Big 5 that tourists flock to the country’s shores to photograph but rather the Big 5 sectors that bring in the most from an economic standpoint: mining, transport, manufacturing, agriculture and tourism. According to reports, women make up close to 70% of South Africa’s tourism […]
Read More »

How will the new competition laws impact business?(Bizcommunity)

Before leaving his ministerial position, the outgoing Minister of Competition, Trade and Industry, Ebrahim Patel (the Minister), published two important regulations (one of which is in draft form). These regulations, relevant to all sectors of the economy, relate to commercial dealings amongst small businesses and agreements between suppliers, customers, and distributors. Click here to read […]
Read More »

IMF projects improved growth for Africa but debt and limited taxes still prompt concern (AB)

Following a series of setbacks in recent years, including the pandemic, record inflation, tighter monetary policy, and escalating debt burdens, Africa’s economy is now rebounding. The International Monetary Fund (IMF) projects that the continent’s economic growth will reach 3.5% in 2024 and 4% in 2025. “Nearly two thirds of the countries on the continent are […]
Read More »

Unearthing the unseen: Underground sit-ins epidemic in SA mining (IOL)

Mining has long been the backbone of South Africa’s economy. Alongside agriculture, it is the biggest sector of the economy, employing almost half a million people. But beneath its surface lies a growing crisis – the surge in underground sit-ins. The unprotected form of protest reached exceptional levels in 2023, posing a significant threat to […]
Read More »

SA stocks wipe out 2022 losses after China boost (News24)

Better news from China on Tuesday gave South African stocks the boost they needed to erase their losses for 2022. The main index climbed as much as 1.1% as Chinese markets rebounded, briefly wiping out this year’s declines, with sentiment soothed by an easing in the protests over Covid restrictions that had unnerved global investors. The gains […]
Read More »

Brenthurst report charts SA’s stark economic decline (DM)

Every year the Economist publishes a book called Pocket World in Figures, which ranks economies on size and a host of other items. In 1993 the third edition was published and ranked South Africa as the 28th largest economy in the world. Last year the same ranking showed that South Africa was now the 38th […]
Read More »

World economic outlook update, June 2020 (IMF)

As with the April 2020 WEO projections, there is a higher-than-usual degree of uncertainty around this forecast. The baseline projection rests on key assumptions about the fallout from the pandemic. In economies with declining infection rates, the slower recovery path in the updated forecast reflects persistent social distancing into the second half of 2020; greater […]
Read More »

African Economic Outlook 2020 (AFDB)

African economic outlook 2020 (AFDB) Africa’s economic growth has stabilized at 3.4 percent in 2019 and is expected to pick up to 3.9 percent in 2020 and 4.1 percent in 2021 but to remain below historical highs. Growth’s fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. For the […]
Read More »

World Economic Outlook- January 2020 (IMF)

The International Monetary Fund predicts the world economy will strengthen in 2020, albeit at a slightly weaker pace than previously anticipated amid threats related to trade and tensions in the Middle East. Global growth will accelerate this year to 3.3% from 2.9% in 2019, the fund said on Monday. That’s the first pickup in three […]
Read More »