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Reuters News South Africa’s economy contracted 0.2% in the third quarter of 2023 in quarter-on-quarter seasonally adjusted terms, compared to revised growth of 0.5% in the previous quarter, statistics agency data showed on Tuesday.

Bizcommunity.com The latest trade data update from Trade Map shows another impressive performance from the agriculture sector with the value of export earnings jumping by 4% year-on-year to $3.9bn. The increased seasonal availability from bumper harvests in the horticulture and field crops underpinned this stellar performance. Although slightly firmer in Q2, the rand exchange rate…

Nigerian Tribune The Central Bank of Nigeria’s (CBN) most recent monthly economic report shows that deposit money banks (DMB’s) total credit extension to the economy increased to N38.3billion in Jul 2023 from N37.5billion in the previous month. Specifically, the report shows that credit extension to the leading services sector was up by 3percent month on…

Bizcommunity.com Employee engagement is the key to success amidst crisis. Impacted by significant challenges, including a global pandemic, civil unrest, economic hardships and environmental disasters, South Africa stands at a crossroads. In this complex landscape, one spotlight-stealing factor cannot be ignored – employee engagement. The secret to navigating this arduous situation lies in the hearts…

Bizcommunity.com Africa’s economic growth to slow in 2023, AfDB says as it slashes forecasts.Real GDP growth is set to fall to 3.4% this year from 4% in 2022, before rising to 3.8% in 2024, the AfDB said in a report. In May, it predicted the economy would expand 4% in 2023 and 4.3% in 2024,…