Johannesburg - Although SA's fourth quarter gross domestic product (GDP) was better than expected year-on-year (1.3%) and quarter-on-quarter (4.1%) and mining and manufacturing continued to recover after the 2014 strikes, this might just be the calm before the storm, according to emerging markets economist Peter Attard Montalto of Nomura.
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He expects the impact of load shedding to come through much stronger in the next data, especially as it has frequently been during working hours for several days at a time compared to the fourth quarter pattern of load shedding in the evenings.