Too soon to celebrate SA’s economic rebound
SA's economy beat expectations to grow at an annualised rate of 66% in the third quarter
13 December 2020 - 00:10
A surge in exports and weak imports helped to lift the economy and the balance of payments in the third quarter, aiding a rally that briefly took the rand to better than R15 to the dollar this week.
But SA's official entry into the ranks of Covid-19 second-wave countries this week has raised concerns about whether the third quarter's strong economic rebound can be sustained, with latest figures suggesting the pace of recovery has already slowed in the fourth quarter...
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.