The statistics agency revealed that South Africa’s agriculture, trade and manufacturing all experienced diminished activity in the second quarter.
“In our latest Global Economic Outlook, published on 21 September, we reduced our GDP growth forecasts for 2018 and 2019 to 0.7% and 2.1%, respectively, from 1.7% and 2.4%. The economy shrank in the first and second quarters of this year and the recovery, driven by a moderate strengthening of investment growth, will be modest,” according to Fitch.
Year-to-date, investors have added nearly $33 million to EZA.
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