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SA economy could shrink over 45% in Q2, load shedding won't improve prospects

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The Ninety One SA Recovery Fund in association with Ethos Private Equity aims to raise R10bn.
The Ninety One SA Recovery Fund in association with Ethos Private Equity aims to raise R10bn.

 It could take South Africa "several years" before economic activity can return to levels last seen at the end of 2019, an economist has warned.

Statistics South Africa is due to release second quarter GDP results on Tuesday, it could register a contraction of at least 50%, on a quarter-on-quarter annualised basis.

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