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Fallout need not mean disaster
Banking Crisis: Maya Fisher-French looks at how the global meltdown affects your pocket.
Goolam Ballim
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Gauteng business barometer falls 2,7%
Gauteng’s economy remained under pressure in November although strong performances were reported in several sectors. The Gauteng business barometer decreased by 2,7% to 142 index points, compared with November last year. However, it is 1% higher than the level of one month ago.
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Barometer: Interest rates knock Gauteng economy
The Gauteng economy is slowing down as several industries experience a drop in business-activity levels, said the Gauteng Business Barometer (GBB). Spokesperson Mike Schüssler said the GBB for September dipped by 7% to 140 index points when compared with the same month last year.
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Business booms in Soweto
The construction cranes towering and the cacophony of concrete churning and trucks rumbling are the sights and sounds of a business boom in South Africa’s most famous township. Black South Africans are reaping the benefits of a growing economy, and at the heart of it all is Soweto, the huge township south-west of Johannesburg.
