Monthly Archives: February 2009
SA is not in a recession, says Manuel
South Africa is not in a recession despite some economists saying so, Finance Minister Trevor Manuel said on Thursday. “No, we’re not,” Manuel said in an interview with South African Broadcasting Corporation (SABC) radio. “I know that a number of economists that you speak to, say, ‘We think that the third quarter might be revised … Continue reading
How Recessions Work
On Jan. 21, 2008, stock prices tumbled around the world. Most analysts pointed to fears surrounding the United States economy and a possible recession as the reason for the drop. Ironically, economic conditions in the United States were affecting the world economy on a day when its own markets weren’t even in session — they … Continue reading
Fans parks provide World Cup vibe – for free
NELSON Mandela Bay soccer fans who fail to secure tickets to watch 2010 World Cup matches at the 48000-seater stadium in Port Elizabeth can also experience the atmosphere at the official fan park at no cost. Sahara Oval St George‘s, which will accommodate 35000 to 40000 fans, has been earmarked as the venue for the … Continue reading
Thousands queue for relief as recession bites
THOUSANDS of desperate retrenched workers are queuing up for unemployment benefits as the global economic recession bites hard in the Eastern Cape. As the motor industry and other sectors shed jobs, the number of people seeking relief from the Unemployment Insurance Fund (UIF) has rocketed. Those dependent on UIF has increased by 20 per cent … Continue reading