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Growth outlook for second half of year not 'bright'

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Johannesburg – Although Statistics South Africa reported 3.3% growth in the second quarter, there is still concern over the outlook for the remaining half of the year.

A report released on Tuesday showed that the turnaround was attributed to rebounds in the mining and manufacturing sectors. But it is depressed consumer and business confidence that may lead to a slowdown in growth in the third quarter of the year.

What the rebound did was ensure that we do not have negative growth, said Lesiba Mothata, chief economist at Investment Solutions. “But all is not bright for the second half of the year.”

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