Financial folly

Preece, Howard
June 2009
Finweek;6/4/2009, p59
The article reports discusses the impact of the continued economic crisis faced by the government of South Africa. It states that the country is facing chronic insurgency problems domestically which should not taken for granted. The author also explains that the country is also facing a sharp drop in its gross domestic product (GDP) due to the recession fought by financial companies.


Related Articles

  • Recession reality check. Steyn, Greta // Finweek;5/7/2009, p3 

    The article reports on the impact of the global economic crisis in South Africa in 2009. Results of a market analysis reveal that the nation's industries are experiencing sharp decrease in sales. These industries include the manufacturing sector, mining, financial services and the construction...

  • No reason for suicide. Steyn, Greta // Finweek;6/4/2009, p57 

    The article reports on the impact of the economic crisis on several economic activities in 2009 in South Africa. It states that the country has experienced a sharp 6.4% decrease in gross domestic products (GDP) in the first quarter of 2009. However, economists are expecting a moderate economic...

  • Crash, boom, bust. Theunissen, Garth // Finweek;8/2/2007, p44 

    The article focuses on recent economic conditions in South Africa. Analysts are of the opinion that even though the nation's economy is experiencing a high inflation rate and higher interest rates, it will not face a crisis the way it had in the 1980s. According to Goolam Ballim, chief economist...

  • No Quick Fix For Growth.  // Africa Monitor: Southern Africa;Jul2009, Vol. 14 Issue 7, p1 

    The article offers an update on the economic condition of South Africa in 2009. It is stated that due to the recession, the country's domestic and global demand has declined. It is added that its gross domestic product (GDP) has dropped by 6.4% rate quarter-on-quarter on an annualized basis,...

  • Economic Growth: Recent Developments.  // South Africa Country Monitor;Mar2012, p6 

    The article offers updates on the economic developments of South Africa. It mentions the contribution of financial services industry, real estate and catering and accommodation on the 1.4% increase in gross domestic product (GDP). It adds that the third consecutive contraction in growth of 13.7%...

  • Debt Sustainability and Financial Crises in South Africa. Naraidoo, Ruthira; Raputsoane, Leroi // Emerging Markets Finance & Trade;Jan/Feb2015, Vol. 51 Issue 1, p224 

    In this study, we use a long historical data series to assess debt sustainability in South Africa allowing for possible nonlinearities in the form of threshold behavior by fiscal authorities conditional on the recent history of indebtedness and the occurrence of financial crises. First, the...

  • The True Costs Of A Zuma Government.  // Africa Monitor: Southern Africa;Oct2009, Vol. 14 Issue 10, p1 

    The article reports on the struggle of President Jacob Zuma's administration to alleviate the economic and financial sector in South Africa. It states that the president's electoral platforms cannot be easily performed due to the worst economic condition of the country which has a little chance...

  • BUT it'll be fine. Whitfield, Bruce // Finweek;3/5/2009, p10 

    The article focuses on the economic decline in South Africa in 2009. Accordingly, it discusses the effect of this economic downturn on several business enterprises, particularly Anglo American SA which abandoned its final dividend for the first time since 1939. It also examines how long South...

  • South Africa's current account deficit narrowed from 6.5% in the fourth quarter of 2012 to 5.8%.  // African Business News;6/21/2013, p27 

    The article reports that the current account deficit of South Africa has narrowed from 6.5% in the fourth quarter of 2012 to 5.8% gross domestic product in the first quarter of 2013.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics