Brexit May Cut S. Africa GDP Growth by 0.1 Percentage Point

Updated on
  • Weaker trade and investment ties will increase unemployment
  • Economy to expand at slowest pace since 2009 this year

A container ship approaches the Port of Durban.

Photographer: Kevin Sutherland/Bloomberg

Britain’s possible departure from the European Union could shave about 0.1 percentage point off South Africa’s economic growth due to the nation’s strong trade ties with the U.K. and European Union, according to researchers from North-West University.

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