The South African economy experienced a marginal quarter-on-quarter (q/q) contraction of 0,1% in the first quarter of 2024, in line with analyst expectations. This contraction came despite a marked decline in load-shedding and improvement in port efficiencies.
Economic activity remained subdued, undermined by high inflation and interest rates, which continued to weigh on consumers and subsequently reduced both domestic and export demand.
Lingering pre-election jitters were also a
