CAUSE FOR TEARS AND CHEERS

Finweek English Edition - - Economictrends - BY GRETA STEYN

WHILE many econ­o­mists are op­ti­mistic about the growth fig­ure for the first quar­ter of this year, a high fig­ure won’t be rea­son for much jeer be­cause of job­less growth. Re­cently re­leased Statis­tics SA fig­ures showed jobs were lost and South Africa’s un­em­ploy­ment rate in­creased over the first quar­ter. By con­trast, richer con­sumers were buy­ing cars at a rapid rate, al­though that was off a low base from last year.

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