Why SA dodged the recession bullet
Latest statistics are a sign of hope amid the doom and gloom, but it’s still a hard world for consumers
In a boost to sentiment, the South African economy displayed remarkable resilience in the third quarter. Not only did it escape a recession, it grew faster than expected, placing it on track to grow above 2% for the year.
This should lift sentiment, which was rattled by the prospect of President Cyril Ramaphosa resigning, a fear that has subsided with the ANC closing ranks around him...
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