Economy News South Africa

Subscribe

Elections 2024

Siviwe Gwarube tells us why the DA could help South Africa succeed!

Siviwe Gwarube tells us why the DA could help South Africa succeed!

sona.co.za

Advertise your job ad
    Search jobs

    Sluggish yet resilient economy posts growth despite market volatility

    Statistician-General Risenga Maluleke says while our sluggish but resilient economy is showing some positive signs of GDP growth, there's still a lot of market volatility.
    Source: Pixabay.
    Source: Pixabay.

    The economy grew by 2.6% in the second quarter of the year, beating power cuts, high interest rates and a strained rail network to make solid gains for a second consecutive period.

    But Maluleke says there will still be lots of ups and downs to come.

    In as much as we are seeing an economy that grew by 2.6%, there was speculation that it would grow lower than this. Although the result is positive that's not growing very high. But the economy is resilient, he said.

    Let's do Biz