Reflecting on the Eastern Cape economy
Автор: SABC News
Загружено: 2025-12-29
Просмотров: 577
This year the Eastern Cape economy in 2025 reflected a mixed performance, with Nelson Mandela Bay experiencing major setbacks.
The provincial performance was broadly in line with developments in the rest of the South African economy.
The country's first credit rating upgrade in nearly 20 years, following its exit from the Financial Action Task Force grey list, boosted confidence, supported by modest growth and a more stable energy supply.
However, manufacturing in Nelson Mandela Bay, particularly in the automotive sector, was hard hit by export tariffs from the US and cheaper Asian imports.
The agricultural sector showed resilience, with the citrus industry narrowly escaping the full impact of trade tariffs.
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