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Going into this print, a negative outcome was expected, but not to this extent.
The South African economy suffered a further slowdown in the fourth quarter of 2019, shrinking 1.4% compared to the prior quarter.
The fourth-quarter 2019 SA GDP growth contracted by 1.4% q/q on a seasonally adjusted annualised basis, highlighting that the economy endured a technical recession during 2H19.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?