Despite the country avoiding a technical recession, analysts remain pessimistic about South Africa’s growth prospects.
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South Africa’s headline consumer inflation slowed more than expected in April to 6.8% year on year.
South Africa’s economy shrank more than expected in the fourth quarter, when Eskom intensified rolling blackouts.
South Africa’s economy contracted back to pre-pandemic size in the second quarter, weakened by the country’s worst-ever power cuts.
GDP decreased by 1.5% in the third quarter of 2021, providing a direct insight into just how badly July’s looting affected the economy.
South Africa’s unemployment rate rose to a new record high of 32.6% in the first quarter of 2021 from 32.5% in the final quarter of 2020, the statistics agency said on Tuesday.
South Africa’s economy contracted the most in a century in 2020 as restrictions to curb the spread of the coronavirus pandemic ravaged output and disrupted trade.
South African retail sales fell more than expected in November, despite deeper Black Friday discounts and month-long promotions, pointing to lingering weakness in the economy
South Africa came out of its longest recession in 28 years as the economy rebounded more than projected in the third quarter.
South Africa’s headline consumer price inflation quickened to 3.3% year on year in October from 3% in September, data from Statistics South Africa showed on Wednesday.