KZN Provincial Treasury : KwaZulu-Natal fixed investment still in better position than in other provinces
2013-02-07
Fixed investment in KwaZulu-Natal is still growing strong when compared to a year ago, but there has been some weakening in investment due to the weaker rand and declining confidence levels after the events at Marikana and other wildcat strikes across the country. Despite weaker investment growth, KwaZulu-Natal was one of the provinces that were least hit by these problems.
The total investment index of the latest KwaZulu-Natal investment monitor, as compiled by Mike Schüssler of Economists.co.za, grew by 10.9% year-on-year. However, this was the slowest growth in a year. Quarter-on-quarter the index declined by 2.8%, the third consecutive decline.
Dr Clive Coetzee
General Manager: Infrastructure Management and Economic Services
KZN Provincial Treasury
Economist (PhD UKZN)
033 897 4538
http://www.kzntreasury.gov.za/
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KwaZulu-Natal Investment Monitor October 2012 - 0.6 Mb
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