WATCH: KPMG expects SA economy to expand to 1.2% in 2024

Picture: 123RF/XTOCK IMAGES
Picture: 123RF/XTOCK IMAGES

While KMPG International expects global growth to pull back slightly from 2.7% to 2.5%, the outlook for SA has improved. The firm has forecast growth of 1.2% for SA in 2024 from 0.6% in 2023. The projected expansion is as a result of better-than-expected stability of the electricity grid.

Business Day TV spoke to Frank Blackmore, lead economist for KPMG Southern Africa, for his analysis of the future of the SA economy.

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