Growth in the KwaZulu-Natal economy slowed in September and can slow even further over the short term as the indirect effect of mining strikes and other aspects, such as the demise of airline 1Time, start to show in the province’s economy.

According to the latest KwaZulu-Natal barometer, as compiled by Mike Schüssler of Economists.co.za, the KwaZulu-Natal economy grew by 2.8% year-on-year in September, compared to 4.3% the month before, and shrank on a month-on-month and quarter-on-quarter basis. The final KwaZulu-Natal barometer grew by 2.4% year-on-year, less than half the previous growth rate of 5.9% and was also negative over the shorter term.

Click on below link to view September 2012 article:
 KZN Business Barometer - 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/