Investments / Economy

SA to dodge Russia Ukraine fallout, for now

For many South Africans, the biggest surprise in the immediate aftermath of the Russia-Ukraine war was our government’s refusal to condemn the invasion. South Africa was among 35 countries to abstain on a United Nations’ motion deploring Russia’s aggression against Ukraine, held early March 2022, and a few weeks later a delegation from our Parliament distanced itself from an Inter-Parliamentary Unition (IPU) resolution stating that “the ongoing Russian use of force against Ukraine is a violation of the Charter of the UN, including the principle of sovereignty and territorial integrity”.

SNG Grant Thornton Report Spells Bumpy Year Ahead for South African Mid-Market Businesses

Despite encouraging signs of recovery in the world economy, including gains in South Africa’s Gross Domestic Product (GDP) in 2021 and the easing of COVID-19 restrictions, tough times still lie ahead for the country, according to research by global accounting firm Grant Thornton.

Will the world economy avoid an inflationary bust?

Today’s high inflation is being compared to the 1970s. However, robust consumer spending, fuelled by pandemic savings, makes for a different set of circumstances.

The relentless March of rates