Absa sees local growth reaching 12.5%

Home truths: Serame says the net economic growth between 2020 and 2021 is about zero PIC: MORERI SEJAKGOMO
Home truths: Serame says the net economic growth between 2020 and 2021 is about zero PIC: MORERI SEJAKGOMO

Analysts at Absa expect that the country’s economy expanded by 12.5% last year, an estimate greater than government’s projection of 9.7 percent, BusinessWeek has learnt.

Should Absa’s expectations be realised, the 12.5% growth will be the highest the country has recorded since 1989 when the economy expanded by 13.1%.

In a recent research note, the bank’s analysts attributed their estimates to a strong rebound trajectory over the first three quarters of the 2021 calendar year, in which the local economy expanded by a 'remarkable' 13.5% year-on-year. The growth was driven by a 33% surge in mining output and withstood the Delta COVID-19 wave, which affected the country between June and August.

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Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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