Another interest rate hike will result in a recession: Savings Institute
The Savings Institute says another interest rate hike will plunge South Africa into an economic recession.
The Savings Institute says another interest rate hike will plunge South Africa into an economic recession.
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Analysts say while a technical recession was expected the contraction is far bigger than previously anticipated.
An economist at Nedbank, Johannes Khosa says South Africa's recessionary environment will further hamper efforts to create jobs.
There are concerns that South Africa's economy could enter into another recession.
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