SA’s economic turnaround score down from June
Stanlib measures SA’s economic progress monthly using 12 key indicators
As SA tries to engineer an economic revival, improving the country’s growth rate is becoming 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 and scoring monthly to assess if SA 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”. The 12 indicators focus on a range of variables including political stability, policy clarity, business confidence, employment, capital expenditure, housing activity and consumer income. July analysis Taking into account the effect of the various key economic developments over the past month, SA’s economic turnaround score was a disappointing 41% in July 2018. This compares with a score of 42% in June, 44% in May, 46% in April, 43% in March, 40% in February and 33% in January. The score of 41%...
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