South Africa

South Africa Economic Outlook

  • GDP growth declined from 1.5% in 2014 to 1.3% in 2015, and is expected to weaken further to 0.7% in 2016. Electricity shortages, low commodity prices and low consumer and business confidence continue to restrain the growth of economic activity.
  • Slow progress in delivering economic and social services in townships and rural areas remains one of the major challenges to government.
  •  South African cities are dynamic poles of socio-economic activity facing high inequality and environmental risks.

Contacts

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Kennedy Mbekeani, Officer-in-Charge