Market Review: March presented much-needed gifts to the economy and consumers
13 April 2018
March was a month filled with good news gifts for South Africans, even though the stock market took a few hard knocks. Last year’s economic growth data was released – 1.3% for the 2017 calendar year, a higher percentage than forecast. Later in the month Standard & Poor’s also raised their SA growth forecast for 2018 from 1% to 2%. Although this is a move in the right direction this level of growth is still too low to solve SA’s high unemployment rate. Saying that, from September to December last year SA managed to add 81 000 non-agricultural jobs to the economy, and average monthly earnings are now R20 004.