Despite the suspenison of load-shedding since early April, South Africa’s economy did not benefit. Photographer: Waldo Swiegers/Bloomberg via Getty Images
South Africa’s economy contracted in the first quarter of 2024, data released on Tuesday showed.
According to Statistics South Africa, GDP fell by 0.1% in the first three months of the year, a period still marked by power outages.
This was after the country narrowly avoided a technical recession — two consecutive quarters of contractions — in the last quarter of 2023. The economy grew by…
