JOHANNESBURG - With two successive quarters of positive growth, economists say attention will now turn to the May elections, with investors set to watch the outcome closely.
Stats SA said the country’s economy expanded by 1.4% in the fourth quarter of last year following a revised figure of 2.6% in the third quarter.
Standard Bank chief economist Goolam Ballim said growth in the remainder of the year would hinge on the election result and the policies that follow. “The elections will not only steer the economy in the second half of 2019, but over the coming years.”“What we’re hoping is that over the next couple of months, particularly after the election in May, that we get a boost in confidence and we’ll get more policy certainty from government.”
There have been significant increases in the agriculture and manufacturing sectors, quarter on quarter, with a sharp decline.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA economy grew 1.4% in fourth quarter of 2018 – Stats SANegative contributions to GDP came from mining, trade, and general government services.
Read more »
SA Rugby to close world-class Springbok Experience museumThe economic pinch has forced SA Rugby to make the decision to close its world-class Springbok Experience museum situated at Cape Town’s V&A Waterfront.
Read more »
In graphics: How SA economy grew by 0.8% in last three months of 2018Statistics SA has released its data for the fourth quarter of 2018 and the good news is that the economy grew by 0.8%, with GDP increasing by 1.4%.
Read more »
We Need A Country review: A prophecy about SAIf the author was prophesying in his book, should we then be looking at it to find out what happens next?
Read more »
PICS: SA pushes ahead with ocean monitoring satellite programmeThe government, through the Department of Science and Technology, has affirmed a further commitment to the Maritime Domain Awareness satellite programme.
Read more »
SA could run out of money by 2042, Parliament toldThe head of the Fiscal Cliff Study Group, Professor Jannie Rossouw, says South Africa’s position has deteriorated since last year’s Budget.
Read more »
Cyril Ramaphosa: No place for bogus clerics in SAPresident Cyril Ramaphosa says government will be meeting with religious groups after a video emerged on social media in which a pastor is said to have resurrected a man lying in a coffin.
Read more »
SA-born Lovemore Ndou to be inducted into Australian Boxing Hall of FameSelf-exiled former two weight world boxing champion Lovemore 'The Black Panther' Ndou will be inducted into the Australian Boxing Hall of Fame on Saturday.
Read more »
KARYN MAUGHAN: SA caught between a rock and hard place in Manuel Chang’s caseMozambique and US have applied for the extradition of former finance minister Chang but the decision lies with the court and not the government
Read more »
Mozambique gas — a $500m business opportunity for SAThe largest gas find in recent history is not just a boon for Mozambique, but a potential windfall for SA too
Read more »