Quarter one GDP figures released this week showed the South African economy contracted by 1.2 percent in the first three months of 2016. The mining sector was the main contributor to this contraction, taking away 1.5 percent from GDP growth. Due to weak economic growth, unemployment levels in South Africa have remained high with the official unemployment rate now sitting at a staggering 26.7 percent.
Read more in the document below:
The Aha! Moment: How people realise what to do in life | Cannon Asset Managers research