Ina Opperman
7 minute read
30 Dec 2021
2:26 pm

SA economy: what to expect and what to hope for in 2022

Ina Opperman

Economists agree that South Africa’s economic outlook for 2022 is uncertain.

Picture: iStock

What can we expect and what can we hope for when we look at the South African economy in 2022? Our economy already struggled before the pandemic and will continue to struggle as we learn to live with the new variant of Covid-19. With an unemployment rate of 34.9%, the highest ever, as well as rising inflation and interest rates for the first time since the start of the pandemic, continuing unreliable electricity supply, little business and consumer confidence and political and policy uncertainty, the country can expect little investment. Economists agree that South Africa’s economic outlook for 2022 is...