The South African Reserve Bank said yesterday that the indicator rose 3.7 percent month-on-month, from a revised 2.2 percent rise in March. This was the largest increase in the leading indicator since August last year, mainly due to the impact of the low-base effects from the initial Covid-19 lockdown last year.
Investec chief economist Annabel Bishop said the indicator showed a very strong acceleration in gross domestic product growth from the fourth quarter of 2021. “The leading indicator readings for the second, third, and fourth quarters of 2021 also show good acceleration in GDP growth over the preceding quarters and as such, indicate the economy is likely to continue to recover this year,” Bishop said.SARB said eigth of the 10 available component time series increased while the remaining two component time series went down.
busrep Curfew is killing sport & hospitality trade. Tourism demands we keep our restaurants open for longer. We have already been burdened by previous silly lockdown regulations. Ask real accountants.. Co**vid Deaths no's compared to lockdown damage is not warranting this. Wake up SA
busrep
busrep Just do it already! Schools are getting more and more infections and young men in their 30's are dying. There are no beds available in hospitals... Why the long wait?
busrep Stupid regulations china vaccine has an efficacy rate of 50.4% for preventing symptomatic infection, according to data from a Brazilian trial, and an effectiveness of 67%, according to a real-world study in Chile. Sinovac's vaccine was validated for Emergency Use Listing (EUL)
busrep Stupid regulations leave sgabeens and taverns open but close bottle stores 😂😂😂😂😂