Kopano Gumbi

Johannesburg

Economics Correspondent at Reuters

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

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Articles

South African economy barely grows in first quarter

3 weeks ago | kfgo.com | Kopano Gumbi

By Kopano GumbiPRETORIA (Reuters) -South Africa’s economy stagnated in the first quarter, eking out quarter-on-quarter growth of just 0.1%, as contractions in sectors like mining and manufacturing offset a strong performance by agriculture. Africa’s biggest economy has struggled to build momentum since the 2008-2009 global financial crisis, with annual growth averaging less than 1% over the past decade.
South African rates in 'neutral zone' after latest cut, central bank deputy says

4 weeks ago | reuters.com | Colleen Goko |Kopano Gumbi

Rashad Cassim, Deputy Governor of the South African Reserve Bank, speaks during an interview on the sidelines of the G20 Finance Ministers meeting at the Cape Town International Convention Centre, Cape Town, South Africa February 24, 2025.
South Africa makes only minor adjustments in third budget try

1 month ago | marketscreener.com | Kopano Gumbi |Wendell Roelf |Olivia Kumwenda-Mtambo

Published on 05/21/2025 at 10:05 CAPE TOWN (Reuters) -South Africa made only minor adjustments to its spending plans and deficit projections in a third budget presented on Wednesday that was overshadowed by a meeting between its president and U.S. leader Donald Trump later in the day. Finance Minister Enoch Godongwana had to appear before lawmakers in Cape Town for a third time after disagreements in the ruling coalition derailed two previous budget versions.
South Africa makes only minor adjustments in third budget try

1 month ago | uk.marketscreener.com | Kopano Gumbi |Wendell Roelf |Olivia Kumwenda-Mtambo

Published on 21/05/2025 at 15:05 CAPE TOWN (Reuters) -South Africa made only minor adjustments to its spending plans and deficit projections in a third budget presented on Wednesday that was overshadowed by a meeting between its president and U.S. leader Donald Trump later in the day. Finance Minister Enoch Godongwana had to appear before lawmakers in Cape Town for a third time after disagreements in the ruling coalition derailed two previous budget versions.
South African jobless rate rises, more give up looking for work

1 month 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 month 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 month 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

1 month 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

1 month 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

1 month 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.