South Africa’s economy may be puttering along, but several South African companies are seeing substantial growth.
This comes despite the low-growth environment that South Africa currently faces, with GDP only expected to improve marginally from 0.6% in 2023 to around 1.0% in 2024. “And, given the African continent’s fast population expansion, this underperformance is even starker in per capita terms. Rather than closing the gap with wealthier regions, on aggregate, Africa is falling further behind,” said the UK-based publication.
Healthcare company HearX Group was tenth overall on the continent, with an annual growth rate of 178.36%.
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