Kopano Gumbi

Johannesburg

Economics Correspondent at Reuters

🇿🇦 African. Journalist. Economics Correspondent for Southern Africa @Reuters. Alum @columbiajourn. Part of the solution. 📧 [email protected]

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Articles

South African jobless rate rises, more give up looking for work

1 day ago | sowetanlive.co.za | Kopano Gumbi |Alan Eason

South Africa's official unemployment rate rose to 32.9% from 31.9% in the final quarter of last year. File photo South Africa's unemployment rate rose in the first quarter of this year, with statisticians fretting that increasing numbers of people appear to have given up looking for work. The country's official unemployment rate — one of the highest in the world — rose to 32.9% from 31.9% in the final quarter of last year.
South African jobless rate rises, more give up looking for work

1 day ago | dailydispatch.co.za | Kopano Gumbi |Alan Eason

South Africa's official unemployment rate rose to 32.9% from 31.9% in the final quarter of last year. File photo South Africa's unemployment rate rose in the first quarter of this year, with statisticians fretting that increasing numbers of people appear to have given up looking for work. The country's official unemployment rate — one of the highest in the world — rose to 32.9% from 31.9% in the final quarter of last year.
South African jobless rate rises, more give up looking for work

1 day ago | timeslive.co.za | Kopano Gumbi

13 May 2025 - 15:41 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. South Africa's official unemployment rate rose to 32.9% from 31.9% in the final quarter of last year. File photo South Africa's unemployment rate rose in the first quarter of this year, with statisticians fretting that increasing numbers of people appear to have given up looking for work.
South African jobless rate rises, more give up looking for work

2 days ago | marketscreener.com | Kopano Gumbi

PRETORIA (Reuters) -South Africa's unemployment rate rose in the first quarter of this year, with statisticians fretting that increasing numbers of people appear to have given up looking for work. The country's official unemployment rate - one of the highest in the world - rose to 32.9% from 31.9% in the final quarter of last year. An expanded definition of unemployment, which includes those discouraged from looking for work, rose to 43.1% from 41.9%.
South Africa Says Revised Budget Will Keep Focus on Stabilising Debt

2 weeks ago | money.usnews.com | Kopano Gumbi

By Kopano GumbiPRETORIA (Reuters) -South Africa's finance ministry said on Wednesday that a new budget would be presented on May 21 which would maintain the government's focus on stabilising public debt. Africa's biggest economy will adjust revenue and spending projections and growth forecasts after scrapping a contentious increase in value added tax that exposed deep rifts in the coalition government.
South Africa says revised budget will keep focus on stabilising debt

2 weeks ago | zawya.com | Kopano Gumbi

PRETORIA: South Africa's finance ministry said on Wednesday that a new budget would be presented on May 21 which would maintain the government's focus on stabilising public debt. Africa's biggest economy will adjust revenue and spending projections and growth forecasts after scrapping a contentious increase in value added tax that exposed deep rifts in the coalition government.
South African inflation falls to five-year low in March as fuel, education costs ease

3 weeks ago | marketscreener.com | Sfundo Parakozov |Kopano Gumbi

JOHANNESBURG (Reuters) -South Africa's annual inflation rate fell for the first time in five months in March to its lowest level since June 2020, due to a drop in fuel costs and softer price rises for tuition. Headline consumer inflation eased to 2.7% year-on-year from 3.2% in February, below the 2.9% expected by economists polled by Reuters, and outside the South African Reserve Bank's (SARB) 3% to 6% target range.
SA investors face global growth storm clouds after choppy politics

3 weeks ago | timeslive.co.za | Colleen Goko |Kopano Gumbi

ANALYSIS SA investors face global growth storm clouds after choppy politics Nation drew R52.67bn in fixed-income inflows between December and March 17 April 2025 - 15:16 By Colleen Goko and Kopano Gumbi Investors have flocked to South Africa's domestic bond markets, betting the country can stay the course on reforms despite political fractures, but tariff threats and the prospect of a global growth slowdown are casting a long shadow...
South Africa's central bank says scope for policy easing has narrowed

4 weeks ago | zawya.com | Kopano Gumbi

JOHANNESBURG: South Africa's central bank said on Tuesday that the scope for monetary policy easing had narrowed because of the highly uncertain global backdrop. In a biannual review of its monetary policy, the South African Reserve Bank (SARB) said the global trade war started by U.S. President Donald Trump was a serious threat to global economic activity, with spillovers expected for South Africa.
Small businesses on edge as VAT hike looms

1 month ago | businesslive.co.za | Kopano Gumbi |Sisipho Skweyiya

For local beverage company owner Ndumiso Madlala, the impending VAT hike could spell trouble for his small-scale alcoholic ginger beer and nonalcoholic drinks manufacturing business. SA’s National Treasury plans to raise VAT by 1-percentage point over two years from May 1, as part of measures to bolster government revenue. Currently, VAT is set at 15%.