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The second GDP print was relatively robust, with the 1.2% quarter-on-quarter rate close to 5.0% on an annualised basis. The impetus was reasonably broadly based, with improving mobility during the quarter contributing to the consumption.
Sanlam is not only confident about South Africa’s future, electing to invest in the country – but says there are strong signs that growth prospects in South Africa and Africa are imminent and real.
The effects of COVID-19 on the economy and markets for more than a year has dominated news headlines with the second quarter being no different. The developed market’s skew of vaccine availability, new variants, and varied responses from authorities are among the key themes globally that once again stood out this quarter.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?