Mike Schussler, a towering figure in the world of South African economics, passed away on Tuesday after a brief battle with cancer. He was 60. Affable, engaging and always insightful, he injected a healthy dose of cheer into the often dry world of economics.
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But the recovery is uneven and more of a move back to the pre-Covid-19 level. 00:01
People are spending more, but the record rise is off a low base. Image: Waldo Swiegers, Bloomberg
The South African economy is seeing a massive bounceback according to data from BankservAfrica.
According to the BankservAfrica Economic Transaction Index (Beti), the country recorded its âhighest and fastest growth level everâ in April when it grew 25.9% in real terms on a year-on-year basis.
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