Green shoots are emerging in SA as the state and the private sector work together
If reforms show further signs of traction, and the government reaches an agreement on the public-sector wage bill, investor confidence will return
26 November 2020 - 13:29
SA’s reform agenda is gaining traction at a time when investor sentiment towards emerging markets is improving. While risks remain, this could mark a turning point for an economy that has struggled to record meaningful growth since the global financial crisis more than a decade ago.
The Covid-19 crisis has taken a severe toll on the SA economy and labour market. Standard Bank expects GDP will contract 8.5% this year before partially recovering in 2021, with growth of 4.5%. The country will most likely only be back at 2019 output levels in 2023...
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