South Africa’s economic outcomes and outlook Recent indicators show that real economic growth in South Africa slowed marginally to an annualised rate of 0,6 percent in the fourth quarter of 2015 from 0,7 percent in the third quarter resulting in a growth rate of 1,3 percent for 2015 as a whole.
In contrast to 2009, the oil shock this time around is mainly supply-driven. Factors behind swooning prices include a major oil production boom starting in the United States in 2008.