Conference Paper
BibTex RIS Cite
Year 2023, Volume: 32, 111 - 131, 30.11.2023
https://doi.org/10.55549/epess.1412830

Abstract

References

  • Angeli, E., Wagner, J., Lawrick, E., Moore, K., Anderson, M., Soderland, L., & Brizee, A. (2010, May 5). General format. Retrieved from http://owl.english.purdue.edu/owl/resource/560/01/
  • Amusa, K. (2014). Savings and economic growth in South Africa: a multivariate analysis. Journal of Economic and Financial Sciences, 7(1), 73-88.
  • Arndt, C., Davies, R., Gabriel, S., Harris, L., Makrelov, K., Modise, B., Robinson, S., Simbanegavi, W., van Seventer, D. & Anderson, L. (2020). Impact of Covid-19 on the South African economy. Southern Africa-Towards Inclusive Economic Development Working Paper, 111.pp. 1-37.

Investigation of the South African Economy Performance: A Pre, During and Post Covid-19 Era Assessment

Year 2023, Volume: 32, 111 - 131, 30.11.2023
https://doi.org/10.55549/epess.1412830

Abstract

The COVID-19 brought disruptions and decline in the economic performance of many countries most especially countries that are less resilient to economic disruptions. Thus, the purpose of this study is to investigate the economic performance of South Africa before, during and after the COVID-19 periods. To measure the economic performance of the South Africa during these periods, secondary data was employed and grouped as follows: national income and prices, labour market, Savings and investment, fiscal position, money and credit, and balance of payments. The descriptive analysis, correlation analysis as well as Wilcoxon signed-rank test were carried out on the dataset using the Statistical Package for Social Science (SPSS) 2022 version. The results obtained indicated some improvements in certain economic indicators such as gross national savings, Gross Domestic Product (GDP), export and import growth as well as gross reserves during the COVID and post COVID periods. Nevertheless, the country witnessed a decline in performance of some economic indicators such as employment rate, public investment, public savings, unit labour rate, gross government debt, annual consumer price inflator, broad money, credit to private sector, current account balance and terms of trade for all the periods. The results further indicate a gradual improvement in the areas of private investment, revenue, expenditure and lending, overall, primary and structural balances after the COVID-19 era. The findings obtained in this study may assist the government, public and private sectors to make informed decisions to promote South Africa’s economic development and resilience.

References

  • Angeli, E., Wagner, J., Lawrick, E., Moore, K., Anderson, M., Soderland, L., & Brizee, A. (2010, May 5). General format. Retrieved from http://owl.english.purdue.edu/owl/resource/560/01/
  • Amusa, K. (2014). Savings and economic growth in South Africa: a multivariate analysis. Journal of Economic and Financial Sciences, 7(1), 73-88.
  • Arndt, C., Davies, R., Gabriel, S., Harris, L., Makrelov, K., Modise, B., Robinson, S., Simbanegavi, W., van Seventer, D. & Anderson, L. (2020). Impact of Covid-19 on the South African economy. Southern Africa-Towards Inclusive Economic Development Working Paper, 111.pp. 1-37.
There are 3 citations in total.

Details

Primary Language English
Subjects Other Fields of Education (Other)
Journal Section Articles
Authors

Oluwatoyin Esther Akınbowale This is me

Polly Mashıgo This is me

Mulatu Fekadu Zerıhun This is me

Early Pub Date December 31, 2023
Publication Date November 30, 2023
Published in Issue Year 2023 Volume: 32

Cite

APA Akınbowale, O. E., Mashıgo, P., & Zerıhun, M. F. (2023). Investigation of the South African Economy Performance: A Pre, During and Post Covid-19 Era Assessment. The Eurasia Proceedings of Educational and Social Sciences, 32, 111-131. https://doi.org/10.55549/epess.1412830