SA falls into another recession as Eskom power cuts bite
The economy shrank 1.4% in quarter four, from a revised contraction of 0.8% in the previous quarter
SA’s slipped into a much deeper contraction in the fourth quarter than economists expected as it recorded its second recession in less than two years.
While the economy managed to eke out paltry growth for the entirety of 2019, the 1.4% decline in the fourth quarter compared to a 0.2% forecast of economists polled by Bloomberg. The rand dropped about 1%. ..
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