Business Day

Study puts SA in class of con­ti­nent’s ‘slow grow­ers’

- Business · South Africa News · International Crisis Group

ALTHOUGH SA is one of Africa’s most sta­ble economies, its growth — to­gether with that of “Arab Spring” coun­tries — has dragged down the con­ti­nent’s growth rate since 2010, a new re­port by global con­sul­tancy McKin­sey shows. The con­sul­tancy’s new Lions of Africa re­port cat­e­gorised SA as one of the “slow grow­ers”, which ac­count for 46% of Africa’s GDP, but to­gether grew at just 1.3% a year on av­er­age be­tween 2010 and 2015.

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