News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

Submit content

My Account

Advertise with us

Sluggish yet resilient economy posts growth despite market volatility

Statistician-General Risenga Maluleke says while our sluggish but resilient economy is showing some positive signs of GDP growth, there's still a lot of market volatility.
Source: Pixabay.
Source: Pixabay.

The economy grew by 2.6% in the second quarter of the year, beating power cuts, high interest rates and a strained rail network to make solid gains for a second consecutive period.

But Maluleke says there will still be lots of ups and downs to come.

In as much as we are seeing an economy that grew by 2.6%, there was speculation that it would grow lower than this. Although the result is positive that's not growing very high. But the economy is resilient, he said.

Related
More news
Let's do Biz