ZANDILEMAKHOBA: A robust second half could be South Africa’s turning point

08 September 2024 – 07:11

by Zandile Makhoba

The second quarter of 2024 was a difficult time, filled with uncertainty only amplified by pre-election “wait-and-see” attitudes. The quarter’s GDP number is telling a similar story. The economy grew by a marginal 0.4%, only a slight improvement from the stagnation experienced in the first quarter that saw 0% growth.

The outlook is more robust. While Standard Bank’s forecast for GDP for 2024 is an encouraging 1.1% — considering the year-to-date GDP growth to June 2024 at 0.4% year-on-year — a lot will depend on what happens in the second half to get us past that 1% mark…

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