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Assessing and promoting civil and minority rights in South Africa.

[Source: Moneyweb by Patrick Cairns.]

South Africa’s economic performance over the last few years has been, at best, underwhelming. Earlier this month, Statistics South Africa confirmed that the economy grew just 0.8% in 2018, after 1.4% growth in 2017.

Even in isolation, these are not appetising numbers, but economist Dave Mohr, chief investment strategist at Old Mutual Multi-Managers, believes it’s important to put them in context.

The last time South Africa enjoyed a sustained period of GDP growth above 5% was in the 1960s. More recently, the country saw higher growth in the 2000s, of above 4%.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.5% y/y in March 2019 (CPI) & +6.2 y/y in March 2019 (PPI)
1.4% q/q (4th quarter of 2018)
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