South Africa's GDP decreased by a record 51.0 per cent in the second quarter, due to the impact of COVID-19 lock-down restrictions. The largest negative contributors to growth in GDP were the manufacturing, trade and transport industries which saw muted economic activity amid lockdown. Old Mutual Chief Economist, Johann Els joins CNBC Africa for more.
Slower than anticipated policy reform in South Africa has dampened market sentiment but there are glimmers of hope in the long term says Old Mutual Investment Chief Economist, Johann Els. He spoke to CNBC Africa'Kopano Gumbi.
As the election dust settles in South Africa, all eyes have shifted to President Cyril Ramaphosa’s administration and their competency in dealing with rampant corruption and economic issues which is impacting investor and business confidence .CNBC Africa’s Kopano Gumbi is joined by Johann Els, Chief Economist at Old Mutual Investment Group.
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