https://www.engineeringnews.co.za
Africa
Africa
africa

HARD TIMES

7th April 2023

By: Darlene Creamer

     

Font size: - +

South Africa has entered a period that could be categorised as stagflation, whereby extremely weak economic growth is combining toxically with rising inflation and extreme unemployment. The International Monetary Fund has become the latest institution to announce a downward revision, slashing its 2023 growth forecast to 0.1% from its 1.2% January projection. It came in the same week that Stats SA announced that annual consumer price inflation was 7% in February, up from 6.9% in January, as food price inflation climbed. It’s an economic see-saw from which South Africans need to be removed as soon as possible.

Comments

Showroom

Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.074 0.127s - 142pq - 2rq
Subscribe Now