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

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.