Political uncertainty hangs over burst of economic growth
Economy accelerates 1.6% in third quarter but analysts are anxious over political instability
06 December 2022 - 12:53
UPDATED 06 December 2022 - 22:40
SA’s economic growth surprised in the third quarter, coming in well above market expectations and taking the economy back to levels seen in 2018, but analysts say that the findings of the Phala Phala report against President Cyril Ramaphosa may lead to political instability and increased uncertainty about the policy outlook.
After contracting 0.7% in the second quarter, GDP grew 1.6% in the third quarter, defying market expectations of a 0.6% increase and escaping a technical recession, which had been expected as a result of volatile monthly indicators and rolling power outages...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.