KwaZulu-Natal’s economy did not benefit from the same bounce-back in mining production as most of the inland provinces, and this affected the province’s short-term growth in recent months. Going forward, the lack of reliance on mining will most likely benefit the provincial economy.

The latest KwaZulu-Natal barometer, as compiled by Mike Schussler of Economists.co.za, increased by 7.1% year-on-year, but was negative on a month-on-month and quarter-on-quarter basis. The KwaZulu-Natal growth index increased by 6.6% year-on-year in July, and was 17.1% up from three years ago, but was also negative on a month-on-month basis and stayed unchanged on a quarter-on-quarter basis.

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KZN Business Barometer July 2012 - 0.5 Mb

Dr Clive Coetzee

General Manager:  Infrastructure Management and Economic Services

KZN Provincial Treasury

Economist (PhD UKZN)

033 897 4538

http://www.kzntreasury.gov.za/