KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL

FANews
FANews
RELATED CATEGORIES
Category Economy
SUB CATEGORIES General |  Budget 2017 |  Budget 2018 |  Budget 2019 |  Budget 2020 | 

Economic growth recovers in 2019Q2, recession avoided as mining sector bounces back

04 September 2019 PwC

Statistics South Africa (StatsSA) reported that the South African economy expanded by 3.1% quarter-on-quarter (q-o-q) during 2019Q2. This was a much stronger outcome than expected and allowed South Africa to ward off a dreaded recession. The largest contributor to the q-o-q recovery in GDP was a 14.4% q-o-q rebound in mining activity – the first positive q-o-q reading in a year. Based in the q-o-q changes in real GDP, the South African economy was 0.9% y-o-y larger during the second quarter. This was a notable recovery from the 0.0% y-o-y number recorded in 2019Q1. Nonetheless, four sectors - agriculture, forestry and fishing; mining; utilities; and construction – were smaller in 2019Q2 compared to a year earlier.

This is an excerpt from an economic commentary piece issued by PwC’s Strategy&. The full article can be viewed here.

Quick Polls

QUESTION

Brokers are frequently credited with ‘going to war’ for their clients at claims stage. Brokers will push the insurer to get an equitable and fair outcome. Is this still the case today, or do you find that insurers are pushing back too?

ANSWER

Yes
No
fanews magazine
FAnews June 2020 Get the latest issue of FAnews

This month's headlines

The crisis is not over
Ethics of lockdown - What value is attached to a human life?
Pandemic redefines the commercial and legal risk landscape
New partnerships needed to create an epidemic and pandemic risk programme
Credible statistics create much needed certainty
SA fixed income: Searching for value in a sea of pandemic risk
Subscribe now