2014-03-11
Fixed investment in KwaZulu-Natal grew at the strongest year-on-year pace in more than a year as investment in civil construction, machinery and ICT equipment picked up sharply. The total investment index of the KwaZulu-Natal investment monitor, as compiled by Mike Schüssler of Economists.co.za, was up 10.8% year-on-year in November. On the shorter term, however, fixed investment did not perform as well after some investment categories had one or two difficult months in the three months through November, which affected the whole quarter. Compared with the previous quarter, the total investment index was down 0.1%, the first decline in 10 months