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As measured by GDP, the economy contracted by 1.3% q/q in 4Q22 (seasonally adjusted but not annualised), following upwardly revised growth of 1.8% q/q (previously 1.6% q/q) in 3Q22.
South Africa recorded a trade deficit of R23.1bn in January 2023 compared to a surplus of R5.0bn in December 2022.
The Quarterly Labour Force Survey (QLFS) data (not seasonally adjusted) showed that the official unemployment rate remained high at 32.7% in 4Q22 but reflected a slight moderation from 32.9% in 3Q22.
PwC South Africa is pleased to share its second South Africa Economic Outlook report for 2023.
What can retirement funds do to improve client-adviser engagement during members’ employment years?