South Africa, which accounts for two-thirds of the GDP, was among the five slowest growing economies, expanding less than one percent in 2018.
Gross Domestic Product in southern Africa is expected grow by around 2.2 percent in 2019 from 1.2 percent last year, the lowest pace of expansion on the continent, the African Development Bank said this week.
Meanwhile, spending increased due to free higher education for poor students, poorly performing state-owned enterprises and the government’s efforts to kick-start growth.
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