South africa economy news

Here are some recent news articles and updates on the South African economy:

GDP Growth

• South Africa's economy grew by 0.8% in the fourth quarter of 2020, according to Statistics South Africa (Stats SA). This is a slight improvement from the 0.6% growth rate in the third quarter. (Source: Business Day)
• The South African Reserve Bank (SARB) has forecasted that the country's economy will grow by 2.1% in 2021, up from a previous forecast of 1.8%. (Source: Fin24)

Inflation

• South Africa's inflation rate rose to 3.2% in January 2021, up from 3.1% in December 2020. The SARB has forecasted that inflation will remain within its target range of 3-6% in 2021. (Source: Business Day)
• The SARB has kept interest rates unchanged, citing low inflation and a fragile economy. (Source: Fin24)

Unemployment

• South Africa's unemployment rate rose to 30.8% in the fourth quarter of 2020, up from 29.1% in the third quarter. The country's unemployment rate has been above 20% since 2009. (Source: Business Day)
• The South African government has announced plans to create 800,000 jobs in the next three years, as part of its efforts to address high unemployment. (Source: Fin24)

Coronavirus Impact

• The COVID-19 pandemic has had a significant impact on South Africa's economy, with the country's GDP contracting by 7.1% in 2020. (Source: Business Day)
• The SARB has forecasted that the pandemic will continue to affect the economy in 2021, but expects a gradual recovery. (Source: Fin24)

Other News

• South Africa's rand currency has weakened against the US dollar, due to concerns over the country's economic outlook and the impact of the pandemic. (Source: Business Day)
• The South African government has announced plans to increase spending on infrastructure and social services, as part of its efforts to stimulate economic growth. (Source: Fin24)

Some recent news articles on the South African economy include:

• "South Africa's economy grows 0.8% in fourth quarter" (Business Day)
• "SARB keeps interest rates unchanged, citing low inflation" (Fin24)
• "South Africa's unemployment rate rises to 30.8%" (Business Day)
• "Government plans to create 800,000 jobs in next three years" (Fin24)
• "South Africa's rand weakens against US dollar" (Business Day)