EDITORIAL: Only real reform will bring a rebound
Predictions of growth in 2021 are off a low base and those for the next two years are dire
11 March 2021 - 05:10
On the economy, SA will take good news from where it may find it. It was striking that on Tuesday, as Stats SA confirmed that 2020s economic slump was the biggest since records began 75 years ago, the rand gained the most in about two months.
While the seasonally adjusted and annualised 6.3% growth rate in the final three months of 2020 was better than what economists predicted, the rand’s move had more to do with global factors and a pullback from a huge sell-off that had seen it drop to 12-month lows above R15.50/$...
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