The SA economy is 11% bigger than previously thought, according to Stats SA, which on Wednesday announced a rebased figure for GDP, a regular exercise that should be done every five years.

However, growth rates and patterns before and after the revision are similar, showing little change in real growth of the economy, which has been stagnant. Both the revised and previous series show the severe impact of Covid-19 in 2020, with the economy shrinking 6.4%, though that was revised from a decline of 7%...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.