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Posts tagged [South Africa economy]

South Africa Small Business Environment December 2016

South Africa Small Business Environment December 2016

The most significant economic news for small businesses in South Africa in November 2016 is that the government is looking to push through legislation to enforce a national minimum wage. The proposal, put forward by Deputy President Cyril Ramaphosa, looks to set the lower-bound for full-time employment at R3,500 per month. The move has support from many quarters, but some employers will likely come under pressure, especially smaller businesses who are less able to absorb mandatory wage increases.

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South African Economic Outlook for Small Business, November 2016

South African Economic Outlook for Small Business, November 2016

The IMF’s Economic Outlook for September reported that South Africa had lost its place as the largest economy on the African continent to Nigeria, after a brief period in which it regained the top spot. The IMF forecasts more miserable news for the South African economy – stagnant growth rates of 0.1%. South Africa’s economic prospects have been almost totally held hostage to events in domestic politics.

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