SA economy recovering lost ground
There are signs of resilience — but the contraction in construction and fixed investment raises concerns
10 March 2022 - 05:00
SA has bounced back slightly faster from the third-quarter unrest than expected. This has pushed the annual growth rate for 2021 to 4.9% year on year — a huge turnaround from the record 6.4% year-on-year (y/y) contraction suffered in 2020 at the height of the pandemic.
Granted, economic activity has yet to recover to the peak recorded in the second quarter of 2021 before the July civil unrest, tighter lockdown restrictions and the return of power cuts took their toll...
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.