Economic insight regarding the broader macro economy of South Africa.
In this issue, we provide an overview of Black Economic Empowerment (BEE) in South Africa and how it can be used to address some of the country’s economic problems.
This issue provides an overview of water scarcity in South Africa, as well as the economic implications of increased demand for water, ailing infrastructure and reduced water quality.
This quarterly publication, brought to you by the Economic Services Team of KPMG Advisory, provides an overview of the current economic environment, as well as a forward looking analysis of the South African economy.
The quarterly Economic Insight, brought to you by the Economic Services Team of KPMG Advisory, provides an overview of the current economic environment, as well as a forward looking analysis of the South African economy.
South Africa’s Gross Domestic Product (GDP) continued contracting, coming in at –3% on a quarter-on-quarter basis in the second quarter of 2009.
In the third quarter of 2008, real Gross Domestic Product growth came in at 2.9% year-on-year from the 4.4% year-on-year figure recorded in the second quarter.
Real Gross Domestic Product growth for the fourth quarter of 2008 was placed at 1% year-on-year from a stronger revised 3% year-on-year growth rate recorded in the third quarter of 2008.
The release of the largely unexpected Gross Domestic Product (GDP) figures for the first quarter of 2009 confirmed that the country’s economy is in its first recession in 17 years.