Author: Mike Schusssler Source: Economists.co.za
Platinum strike putting strain on KwaZulu-Natal economy.
The strain that the South African economy is under due to strike in the platinum industry is showing in the KwaZulu-Natal economy. The KwaZulu-Natal barometer, as compiled by Mike Schüssler of Economists.co.za, turned negative in April for the first time in seven months as growth slumped and economic stress increased sharply. The barometer declined 0.8% year-on-year and was also down on a month-on-month and quarter-on-quarter basis.