South Africa: Economic recovery quickens in Q2 but risks remain

Posted in: Capital Markets, Economics, Intellidex in the media, South Africa, Sovereign risk on Sep 9, 2021


South Africa’s recovery from a pandemicinduced contraction quickened in Q2 as restrictions to contain the pandemic were eased. GDP expanded 1.2% in the three months through June from a revised 1% in the previous quarter. In response, Intellidex’s Peter Attard Montalto says that the economy shown stronger indications of recovery in the past year than initially expectedbut there is still significant uncertainty over the impact the July unrest, which will  result in lower investments. Featured on Bloomberg.

Have your say.
Share your opinion

RELATED ARTICLES

How another electricity hike will affect South African consumers

Jan 17, 2022

Intellidex’s head of capital Markets Research, Peter Attard Montalto, reflects on how the likelihood of another electricity hike will affect South African consumers on Radio […] read more

STUART THEOBALD: Investors should keep a close eye on the fundamentals in 2022

Jan 11, 2022

It is hard not to have a sense of apprehension going into 2022. Interest rates in SA are trending up from a 50-year low as we enter an upward cycle. Inflation in big markets is at levels not seen for... read more

PETER ATTARD MONTALTO: A year of noise and choices lies ahead

Dec 21, 2021

SA has a habit of slowing down into major political events. Time seems to almost stand still. We saw it this past year with the municipal elections. read more