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The energy crisis has significantly limited economic growth in South Africa thereby preventing the country from resolving high rates of unemployment. [ 27 ] [ 125 ] The power shortage is estimated to have reduced economic growth in 2021 by 3% thereby costing the country an estimated 350,000 potential new jobs for that year alone. [ 27 ]
PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
The bodies of nine illegal miners trapped inside a gold mine in Stilfontein, South Africa, are recovered by police. (CTV News) Two deminers are killed in an explosion while attempting to remove a Cambodian Civil War -era anti-tank mine from a rice field in Oddar Meanchey province , Cambodia .
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20 March – South Africa prepares for a "nationwide shutdown" as the military is deployed ahead of protests by the Economic Freedom Fighters. [8] 2 June – In February 2023, South Africa experienced a cholera outbreak that grew from 2 initial cases to 99 confirmed cases in Tshwane over the following months. Jubilee Hospital reported 17 deaths ...
The IMF projects global growth to remain around 3% over the next five years –– the lowest medium-term growth forecast since 1990 and well below the average of 3.8% from the past two decades.
Logo in 2013. Business Day is a national daily newspaper in South Africa, published weekdays (Monday to Friday) and also available as an e-paper.Based in Parktown, Johannesburg, it is edited by Alexander Parker and published by Arena Holdings, which is also the parent company of the Financial Mail magazine and Business Day TV (formerly known as Summit TV).