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South Africa entered recession as the global crisis pounded demand for its main exports; GDP shrank 6.4% in the first quarter of 2009 after falling 1.8% in the last quarter of 2008. This is the first recession for South Africa in 17 years. According to forecasts, the South African domestic product is likely to shrink between 1% and 1.5% in 2009 ...
South Africa's National Treasury criticized the statement by Moody's saying, "It's not possible that we'll end up in recession." He added that the government may revise lower its 4 percent growth forecast for the year following growth of 5.1% in 2007. Car sales in South Africa dropped an annual 22 percent in June due to higher interest rates. [2]
Cape Town, South Africa: South African History Online. Atlas of Mutual Heritage "South Africa profile: Timeline". BBC News. 9 July 2011. Encyclopædia Britannica Online; Independent Online; Liberation Archive; News24
The South African rand plunged more than 2% following the report. Gross domestic product in Africa's most developed economy fell by 0.7% from April to June, the national statistics agency said in ...
The first evidence of pottery and agriculture in South Africa can be found in the period of 350-150 BCE, while metals date back to the 52-252 CE period. [4] The earliest occurrence of cattle farming was in the 5th century CE and the Iron Age reached modern-day Kwa-Zulu Natal around 700 CE.
South Africa's recession deepened in the first quarter of 2020, with official data on Tuesday showing that gross domestic product contracted 2% from the previous three months, led by declines in ...
Recession Period. Start. End. Total Time Elapsed. The Great Depression–Late ’20s and Early ’30s. August 1929. March 1933. 3 years, 7 months. The Great Recession–aka The 2008 Financial Crisis
The Dutch ship Nieuwe Haerlem runs aground at the Cape of Good Hope. Under the leadership of Leendert Janszen, the stranded Dutch seamen stay at the Cape for a year. After their return to the Netherlands, Leendert Janszen and Matthijs Proot are commissioned by the Dutch East India Company (VOC) to write a report on their findings on the feasibility of the Cape as a refreshment station.