Economy Falters But Surprises on the Upside in the 2020 Fourth Quarter (Business Report)

South Africa’s economy was thrown a lifeline of a slow recovery this year after economic contraction for 2020 came in better than expected on both an annual and a quarterly basis.

Statistics SA (StatsSA) said yesterday that the economy experienced its biggest annual contraction in seven decades in 2020 in spite of quarterly growth in the three months ending in December. READ MORE

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