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Farmers squeezed by big retailers - The Mail & Guardian

Farmers squeezed by big retailers - The Mail & Guardian
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South Africa's rebound shows signs of longevity

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Good news about its economy is rare these days, but South Africa’s unexpectedly large bump in growth numbers this week catapulted it out of its longest recession in more than a quarter of a century.
Quarterly gross domestic product figures showed that the economy grew by 66 per cent in the third quarter. The upside was driven mostly by a rebound in manufacturing, trade and mining. A weaker domestic currency also helped.
“We are out of a recession but getting back to pre-Covid levels might take five years or so,” said Makwe Masilela, chief investment officer at Makwe Fund Managers in Johannesburg. ....

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