South Africa’s four long-standing presidents in the democratic era have seen differing levels of economic growth, with one being a clear winner.
Since the start of the democratic era, South Africa’s four elected presidents have seen different levels of economic growth, but some have had much harder challenges to overcome.
This period of solid growth ended suddenly in 2009 when the Global Financial Crisis caused South Africa’s GDP to contract by 1.5%. Jacob Zuma also became President this year.Real output reached R6.9 trillion in 2009 – 19% higher than in 2009 . “It took the economy two years to recover from the malaise. However, growth remained disappointing: GDP in 2023 reached R7 trillion, not much higher than in 2019.”
“Sound macroeconomic policies contributed, focusing on raising fixed investment, keeping consumption at bay and lowering government debt.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
vivo South Africa lights up Miss South Africa 2024: Radiant celebration of SA womenMia le Roux made history as the first hearing-impaired woman to take the title.
Read more »
South Africa: Chidimma Adetshina Withdraws From Miss South Africa Pageant'...After much careful consideration, I have decided to withdraw myself from the competition for the safety and well-being of my family and me.'
Read more »
The two most expensive cities for rent in South AfricaTwo of South Africa’s three capital cities charge the most for rent in South Africa.
Read more »
Massive shift for South Africa’s best and worst-case scenariosInvestec’s latest Event Risk scenarios show that South Africa’s pathway forward has shifted significantly since the 2024 national elections – for the better.
Read more »
Where did South Africa finish in medal table for AFRICA?The United States finished top of the medal table at the Paris Olympics 2024, but how did South Africa do in terms of Africa's best?
Read more »
South Africa Drop to 4th Most Attractive Investment Destination in AfricaRand Merchant Bank released a, 'Where To Invest In Africa 2024' report. South Africa is in fourth place as African countries that are favourable to invest in.
Read more »