South Africa:
Nation Enters First Recession Since Democracy
allAfrica.com
26 May 2009
Africa's biggest economy, that of South Africa, contracted by a shock six percent in the first quarter of this year, confiming that the country has slid into its first recession in the democratic era.
South Africa:
Economists Warn of Recession Shock
Business Day (Johannesburg)
26 May 2009
SA's leading indicator of economic growth, which predicts trends six to 12 months in advance, fell by a record 15,1% in the year to March — backing fears this year's recession may be worse than ...