Where’s the Ramaphoria? New Stanlib ranking measures SA’s economic turnaround
SA has a new president and some renewed optimism in the economy, but is anything actually changing?
As South Africa tries to engineer an economic revival, improving the country’s growth rate is increasingly critical – and it hinges on revitalising key components of the economy. Stanlib has compiled a list of 12 key indicators to which it is paying close attention, scoring them monthly to assess if South Africa is making meaningful progress towards an economic turnaround. The ranking began in January following the election of Cyril Ramaphosa as ANC and South African president, and the ensuing “Ramaphoria”. Its 12 indicators focus on a range of variables, including political stability, policy clarity, business confidence, employment, capital expenditure, housing activity and consumer income. Every month, each indicator is scored on a scale of 1 to 10, with 10 indicating an extremely high level of vibrancy and 1 suggesting extreme underperformance. The scores are then averaged across all 12 variables to derive the overall progress level (reflected as a percentage). May analysis South...
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