The economy made a better than anticipated rebound in the third quarter, increasing at a seasonally adjusted and annualised rate of 66.1% as lockdown restrictions were eased.

The economy clawed its way back from the harsh decline of a revised 51.7% experienced during the second quarter, which coincided with the most severe levels of lockdown, according to data released by Stats SA on Tuesday. Stats SA annualises its quarterly GDP statistics — which assumes that the percentage change from one quarter to the following will be maintained for the entire year...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now