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PPS Investments: GDP Q2 Commentary

07 September 2021 | General

The South African economy grew by a better than expected 1.2% in the second quarter, having now grown for four consecutive quarters. The pace of growth in fact accelerated from 1.0% in the first quarter, which was revised lower from 1.1%. Although the economy is 19.3% larger than a year ago, having rebounded off a depressed base, overall economic activity is now only back to 2017 levels.

FNB/BER Consumer Confidence Index

06 September 2021 | General

Consumer confidence edges up despite riots and looting

Labour market outcomes for 2Q21 still reflect overall economic slack

25 August 2021 | General

As measured by Stats SA’s household-based Quarterly Labour Force Survey (QLFS), total employment fell by 0.4% (54 000) q/q in 2Q21 but was 5.6% (793 000) higher than the same quarter in 2020. To isolate the impact of last year’s lockdown-induced base effect, we look at the level of employment compared to 2Q19, which shows that employment was still 8.4% (1.4 million) lower.

Agriculture posts a trade surplus in the 2ndQ2021 despite ongoing Covid-19 challenges

23 August 2021 | General

The results of both the first and second quarter of 2021 agriculture export performance reflects the resilience of the sector despite the ongoing Covid-19 related challenges across the globe.

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