Better growth figures show resilience, but volatility remains

The better-than-expected gross domestic product (GDP) growth of 0,6% in the second quarter of 2023 is welcome news, as it has extended its gains for a second consecutive time.

Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says this demonstrates a noteworthy degree of resilience in the economy. This has mainly been the outcome of more moderate Eskom blackouts in June compared with April and May, together with other mitigating factors that helped to generate better growth figures.

Submitted on Wed, 09/06/2023 - 11:41

Why the need to develop scarce accounting skills is abundantly clear

Without quality oversight, output suffers. Without transparency, deception thrives. Misinformation and misinterpretation are propagated to become the norm as fiction becomes indistinguishable from fact. In a developing country such as South Africa that faces a multitude of challenges, this cannot be allowed.

An example of this is an economy that is increasingly struggling to awake from a prolonged slumber caused by the Covid-19 pandemic, rolling blackouts and widespread corruption in institutions fundamental to the health of the country.

Submitted on Thu, 08/24/2023 - 14:33

Inaugural lecture delves into export diversification in Sub-Saharan Africa

By Phenyo Mokgothu and Lerato Tshweu

Prof Ireen Choga from the North-West University’s (NWU’s) Faculty of Economic and Management Sciences delivered her inaugural lecture on 24 August 2023.

Her lecture was titled “Exports and export Diversification: key drivers and trends in Sub-Saharan Africa”.

She says this was not only an academic turning point, but also a deeply personal milestone for her.

Submitted on Mon, 08/28/2023 - 13:49

Headline inflation shows welcome decline

Good economic news is that the consumer price index (CPI) (headline inflation) for July has again shown a welcome declining tendency, reaching 4,7% from 5,4% in June.

Prof Raymond Parsons, economist from the North-West University (NWU), says this is not only a two-year low for the CPI but is also much better than market expectations.

“Core inflation further moderated to a ten-month low of 4,7% from 5,0% in June. The omens for the inflation outlook in South Africa look promising.”

Submitted on Thu, 08/24/2023 - 09:44

School of Accounting Sciences explores distributive tax justice

A delegation from the North-West University’s (NWU’s) School of Accounting Sciences recently attended the International Tax Conference on Distributive Tax Justice in the Global Economy.

The conference, hosted by the University of Pretoria’s Department of Taxation, brought together leading experts from around the world to discuss the challenges and opportunities of distributive tax justice in the 21st century.

Submitted on Tue, 08/15/2023 - 08:39

NWU: The sustainable apple does not fall far from the TREES

Glitzy adds showing sun-drenched beaches, or snow-capped mountain peaks with views that stretch as far as the horizon allows. A smiling stewardess pouring a cup of coffee; a food stall next to a bustling street serving exotic cuisine. Tourism as an experience is a commodity – a commodity that sells, but one that is often misunderstood. Not only is tourism a powerful contributor to economic growth, it also helps to sustain our vulnerable ecosystems.

Submitted on Wed, 07/19/2023 - 15:47