Old Mutual Investment Group has joined Standard Bank and Absa in moderating growth expectations for SA, citing slowing momentum in global growth just as central banks hiked interest rates to curb rising consumer inflation.
Addressing a virtual media conference on Wednesday, chief economist Johann Els said SA’s economy is likely to grow 2.3% in 2022, slowing from a projected level of 5.5% in 2021...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.