economic growthlatest news & developments
Wits Study Puts the Limit on Government Spending and Economic Growth
GOVERNMENT

New Wits research puts the optimal government spending threshold at 11%–20%

A Wits study of 63 countries finds an inverted U-shaped relationship between government consumption and economic growth, with an estimated optimal range of 11% to 20%, depending…

  • Yogashen Pillay
4 min read
Following President Cyril Ramaphosa's announcement that Phase Three of the Government-Business Partnership will have a strong focus on tourism as an economic driver, there has been positive reaction from Minister of Tourism Patricia de Lille and the Federated Hospitality Association of Southern Africa (FEDHASA) on Friday.
TOURISM

Tourism takes centre stage in government-business growth push

Government and business target tourism to drive investment, jobs and growth.

  • Yogashen Pillay
4 min read
Durban’s port is among those targeted by efforts to improve logistics and drive economic growth.
ECONOMIC GROWTH
Breaking News

South Africa’s ambitious targets: 3% growth and 1 million jobs by 2030

Business for South Organisation (B4SA) and the South African government's ambitious Phase 3 initiative aims at driving growth and creating jobs by 2030.

  • Edward West
5 min read