In fact, market share often  8 The OECD’s measure of export market growth for South African goods and services shows average  annual growth of 5.0% since 2010. Over that same period, though, the average annual growth in South African exports has only been 2.2%.
Page 6 of 11  stagnated in the aftermath of rand-depreciation phases but it declined when the local currency recovered. Most likely scenario: a modest recovery  The question remains: will economic stagnation persist in South Africa? There are presently some grounds for very prudent optimism for the next year or two. The external economic environment has improved.