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Assessing and promoting civil and minority rights in South Africa.

[Source: BusinessTech.]

After a higher-than-expected GDP figure of 3.1% for Q2 2019, South Africa’s economy is likely to slow in the third quarter.

This is according to BankservAfrica’s monthly economic transactions index, which fell even after July’s figures were revised slightly upwards following the lower than expected inflation and producer prices.

“The August BETI comes as South Africa’s GDP figures for the second quarter of 2019 turned positive, which the BETI predicted it would,” said Mike Schussler, Chief Economist at Economists.co.za.

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South Africa at a Glance
58 780 000 (mid 2019 estimate)
4% y/y in July 2019 (CPI) & +4.9 y/y in July 2019 (PPI)
3.1% q/q (2nd quarter of 2019)
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