Johannesburg – South African president Cyril Ramaphosa will be announcing his economic recovery plan today.
Earlier this week, it was announced that South Africa’s moribund economy performed better than expected in the first three months of the year with finance, mining, and trade making the most significant contributions.
According to data from Statistics South Africa, the gross domestic product (GDP) grew by 1,1% in the first quarter of the year (January–March), translating into an annualised growth rate of 4,6%.
The first-quarter GDP data beat market expectations of a 2.5% rise.
Watch Ramaphosa deliver his address below:
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