The State of South Africa’s Economy: Half Year Review and Prospects
LAGOS, Nigeria, Capital Markets in Africa: Although there have been some positive developments of late – a stronger trade performance in Q2, another reasonable score in the purchasing managers’ index (PMI) survey in July, and a rally in the rand – many of the South African economy’s fundamentals remain very poor. Indeed, NKC African Economics has recently lowered its real GDP growth forecast for 2016 to zero although we still expect the economy to grow…
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