Foreign GDP Growth Uncertainty Shocks and the South African Economy

2017 ◽  
pp. 73-86
Author(s):  
Eliphas Ndou ◽  
Nombulelo Gumata ◽  
Mthuli Ncube
Keyword(s):  
South African ◽  
Gdp Growth ◽  
The South ◽  
Uncertainty Shocks

scholarly journals The Relationship between Trade Openness and GDP Growth Rate: The Case of South Africa (1994Q1-2008Q4)

2013 ◽  
Vol 5 (10) ◽  
pp. 669-677
Author(s):  
Teboho Jeremiah Mosikari
Keyword(s):  
South Africa ◽  
South African ◽  
Export Performance ◽  
Trade Openness ◽  
Economic Restructuring ◽  
Gdp Growth ◽  
The South ◽  
Significance Level ◽  
Long Run ◽  
Cointegration Tests

Despite substantial economic restructuring, South Africa’s post-1994 export performance is less than what might have been expected or hoped for. The study examines the trade-openness ledgrowth hypothesis in the South African economy. Further, the study uses conventional cointegration approach called Johansen cointegration technique to determine the long-run relationship between trade openness and GDP growth. The cointegration tests show that there exists long-run relationship between trade openness and GDP growth at 1% and 5% significance level. Therefore, the study also applies an error correction model to determine the speed of adjustment and the short-term determinants of GDP growth in South Africa. In considering trade openness measures, it indicates that they are generally less pivotal and have an even smaller effect than had been anticipated. The study also adopts Granger causality tests to examine whether growth in trade openness stimulate GDP growth (or vice versa). The results suggest that in all trade openness measures that are used, there is weak evidence suggesting causality from GDP to exports or vice versa. The study recommends that openness trade policy will be beneficial strategy for South Africa in the long-run. Therefore, it is suggested that the South African government continue the policy of trade openness.

scholarly journals An estimation of the impact of the 2012 platinum-sector strike on the South African economy

2016 ◽  
Vol 19 (2) ◽  
pp. 302-320
Author(s):  
Johannes C Jordaan
Keyword(s):  
South African ◽  
Budget Deficit ◽  
Current Account Deficit ◽  
Mining Industry ◽  
Annual Reports ◽  
Gdp Growth ◽  
Impact Model ◽  
The South ◽  
Employment Opportunities ◽  
The Impact

A Leontief-type economic-impact model for 2012 is used to estimate the potential impacts, in percentage terms, of the 2012 platinum-sector strike on the South African economy. Although it is impossible to incorporate and calculate all the potential impacts, such a model can provide an estimation based on sound statistics and methodologies. Understanding the potential, wider economic impacts of strike action can lead to valuable insights for policymakers, businesses and workers. This will hopefully result in improved policies, as well as enriched negotiations to find solutions to deadlocks in wage negotiations before such deadlocks progress to strike action. Data from the Department of Labour (DoL) shows that 103,155 workers participated in the strike in the metal-ores sector during 2012, and company annual reports indicate that this strike action lasted seven weeks on average. Estimates show that the monetary value of ounces lost by the platinum-related mining industry as a result of lost production during the strike periods amounted to R10.6 billion. Two scenarios are estimated that result in a gross domestic product (GDP) loss for 2012 of 0.53 per cent or R16.5 billion (Scenario 1), and of 0.49 per cent or R15.5 billion (Scenario 2). This implies that GDP growth could have been 3 per cent for Scenario 1 and 2.97 per cent for Scenario 2, instead of the actual GDP growth of 2.47 per cent. Exports could have been R9.05 billion higher for Scenario 1 and R8.4 billion higher for Scenario 2. The current-account deficit for 2012 could have been reduced to 4.93 per cent of GDP for Scenario 1 and to 4.9 per cent for Scenario 2, as against the actual deficit of 5.23 per cent. Tax income could have been R3.8 billion higher for Scenario 1 and R3.6 billion higher for Scenario 2. As a result, the government’s budget deficit could have been reduced to 5.13 per cent instead of 5.26 per cent. Expressing employment opportunities lost in terms of annual employment opportunities lost as a result of lost activity shows that this represents almost 25,000 employment opportunities for Scenario 1 and almost 23,300 such opportunities for Scenario 2.

Exploring recidivism in the South African context.

1998 ◽  
Author(s):  
Belinda Bedell ◽  
Nicholas Challis ◽  
Charl Cilliers ◽  
Joy Cole ◽  
Wendy Corry ◽  
...  
Keyword(s):  
South African ◽  
South African Context ◽  
The South ◽  
African Context

Macroinvertebrate variability between microhabitats of peritidal stromatolites along the South African coast

2018 ◽  
Vol 605 ◽  
pp. 37-47 ◽  
Author(s):  
RA Weston ◽  
R Perissinotto ◽  
GM Rishworth ◽  
PP Steyn
Keyword(s):  
South African ◽  
The South ◽  
African Coast

PROPERTY TAX: THE SOUTH AFRICAN AND KWAZULU-NATAL EXPERIENCE

2014 ◽  
Author(s):  
Joey Krishnan ◽  
Roshinee Naidoo ◽  
Greg Cowden
Keyword(s):  
South African ◽  
Property Tax ◽  
The South ◽  
Kwazulu Natal
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