South Africa's economy grew by 0.8% in 2018 | Fin24
  • Retailers

    As South African retailers struggle, businesses in other African markets start to shine.

  • Up in the Air

    Government is still looking for funds and a partner to keep the flag carrier operational.

  • Zimbabwe

    European Union has released R270 million in emergency food aid as severe hunger continues.


South Africa's economy grew by 0.8% in 2018

Mar 05 2019 11:37

South Africa's economy grew by 1.4% in the fourth quarter of 2018, Stats SA announced on Tuesday morning.

The figure of 1.4% was slightly above the consensus estimates of most analysts and economists of 1.2% growth. 

This means that annual real GDP increased by a tepid 0.8% in 2018. This was 0.1% more than the projections of most economists. 

South Africa's economy fell into a technical recession in the first half of 2018, after experiencing two consecutive quarters of negative economic growth. The economy declined by 2.6% in the first quarter and by a further restated 0.4% in the second.

Growth rebounded in the third quarter to 2.2% as the country exited the recession. This has now been restated as 2.6%. 

The rand strengthened slightly on the news. It was trading at R14.12/$ at 11:47 on Tuesday, up 0.7% on the day. 



Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote