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 … Continue reading

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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 … Continue reading

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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, … Continue reading

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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 … Continue reading

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