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Finance Minister Enoch Godongwana.

Godongwana trims spending, lowers growth forecast

In his third prepared budget for the year, the minister said government debt would still stabilise this year but at 77.4% of GDP, higher than predicted in March

  • Emsie Ferreira
5 min read
As developed countries grapple with the effects of low births and ageing populations, many have pointed to Africa’s youth as a source of its future economic might. Photo by Robert Wallis/Corbis via Getty Images)

Fertile ground: What fewer births mean for SA’s economic growth

The country’s changing demographics can be positive – but only if there are jobs for the still-growing, working-age population

  • Des Erasmus
6 min read
After delivering a solid set of results this week, Nedbank chief financial officer Mike Davis has insisted that impending interest rate cuts won’t flatten the group’s performance this year. (Nadine Hutton/Bloomberg via Getty Images)

Nedbank won’t be crushed by falling interest rates, says chief financial officer

Shored up by higher borrowing costs, South Africa’s banking sector seems to have to weather the 2023 economic storm

  • Eyaaz
4 min read