Economy proves resilient in the first quarter despite intense load-shedding, led by manufacturing
The rand held steady on Tuesday, while the JSE turned firmer after official data showed the economy expanded marginally in the first quarter — dodging a technical recession — despite intense power cuts.
Data from Stats SA shows GDP expanded 0.4% quarter on quarter in the three months to March, after a downwardly revised 1.1% decline in the prior quarter. Eight of the 10 economic activities covered reported growth...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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