We’re still standing — SA’s GDP contracted, but this does not a recession make
Daily Maverick | 10.09.2026 06:13
Of course, the spectre of geopolitical escalation from the war in the Middle East (which peaked between April and June 2026) loomed large over the period and triggered global oil price shocks and heightened cost pressures, and elevated business uncertainty. This external instability weighed heavily on business confidence and private sector fixed investment.
