Page 6 - Maarten Ackerman News Today

Data shows however that the countrys weaker economy continues to be outpaced by population growth. Citizens have been getting poorer on a per capita basis. Analysts say structural reforms such as reliable electricity, spectrum availability, and labour laws are needed sooner than later. "We shouldnt get too excited, but this year we are going to see a really good year but it is going to be a base effect its not going and its not because we addressed the structural issues," Maarten Ackerman said...

‘We havent really done as much as we should have to address the structural issues that we had at the beginning of last year’: Maarten Ackerman, chief economist, Citadel.

South Africa likely to avoid a ‘double-dip’ recession – but the rand could come under pressure: economist Subscribe The GDP numbers for the fourth quarter of 2020 has come in better than expected, seeing markets respond positively in terms of rand strength and bond yields, says Maarten Ackerman, chief economist and advisory partner at Citadel. Year-on-year GDP fell by 4.1% compared to the expected 4.6% decline, while on a quarter-on-quarter, annualised basis there was a strong 6.3% growth...

Country’s gross loan debt expected to increase to R5.2trn by fiscal 2023.

It ‘mirrors similar initiatives in US and a number of European territories’ The South African Revenue Service (Sars) has unveiled a high wealth individual taxpayer segment. This came during the finance minister Tito Mboweni’s budget speech on 24 February 2021. It will focus on wealthy taxpayers with complex financial arrangements. The unit will initially be co-located within the large business and international taxpayer segment. Sars said that it will be assessing wealth “derived from m...

The Citizen brings you breaking news, current affairs, celebrity and entertainment news, as well as sport news throughout the day. More news. Your way.

SHARE Good news about its economy is rare these days, but South Africa’s unexpectedly large bump in growth numbers this week catapulted it out of its longest recession in more than a quarter of a century. Quarterly gross domestic product figures showed that the economy grew by 66 per cent in the third quarter. The upside was driven mostly by a rebound in manufacturing, trade and mining. A weaker domestic currency also helped. “We are out of a recession but getting back to pre-Covid levels m...