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Recession

South African economy back to recession after shock slump

South African Statistical officials have released latest economic figures that showed that the country is back to recession. The South African economy shrank by 1.4%...

South Africa exits recession after recording GDP growth

The South African economy has officially exited recession after reporting growth in it's Gross Domestic Product figure for the third quarter. The Statistics South Africa...

Ramaphosa assures South Africa will recover from recession

The President of South Africa, Cyril Ramaphosa says his country will soon recover from recession. On Tuesday South Africa entered into recession for the first...

South Africa enters recession for first time since 2009

South Africa on Tuesday entered into recession for the first time since 2009, according to second quarter data. That means the country has for...

South Africa tumbles into recession

South Africa has entered recession for the first time in eight years, data from Statistics South Africa showed on Tuesday, after the economy contracted...

Nigeria determined to overcome recession this year

Nigeria is determined to emerge from its first recession in a quarter of a century this year and needs to put more effort in revamping its infrastructure, its budget minister said on Wednesday.

Recession: Nigeria plans tax relief for manufacturers

In a bid to ease the burden of the current economic recession on the manufacturing sector, authorities in Nigeria is planning some form of...

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