×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The sixth general elections since 1994, which are scheduled for May, could emerge as a swing factor for economic growth this year, while drought and electricity supply challenges also loom large. Growth for 2018 is likely to be 0.7% when the data is released later this quarter, reflecting the six-month recession in the first half of the year. The economy is expected to grow only marginally this year. Annabel Bishop, chief economist at Investec, said: "Political parties are seeking increased leverage in a number of areas including populist policies, racial divisions, property rights and socialism. If the rhetoric becomes disruptive, political uncertainty will increase ahead of the elections, likely further undermining business confidence, and thus growth prospects." Already confidence is looking shaky. A leading gauge of business confidence - the Rand Merchant Bank/Bureau for Economic Research business confidence index - dropped to 34 in the fourth quarter of 2018, indicating possibl...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now