June 20, 2021
Economy

GDP growth in Q1 beats expectations, but economy still smaller than a year ago

Bruce Whitfield gets comment on the latest GDP figures from economist Prof. Adrian Saville and various industry experts.

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South Africa’s GDP grew by 1,1% in Quarter 1 of 2021, translating into an annualised growth rate of 4,6%.

Mining and finance recorded the highest growth rates, says Statistics South Africa.

RELATED: ‘South Africa’s economy is doing better than we all anticipated’

While the economy grew at a faster rate than expected, it is still 2.7% smaller than it was a year ago.

Bruce Whitfield interviews Professor Adrian Saville, CEO of Cannon Asset Managers.

There…

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