SA eclipses Egypt as Africa's largest economy. Is this good news?

The South African rand strengthening against the US Dollar has played a role in helping South Africa eclipse Egypt as the biggest economy on the continent.

However, the good news might be short-lived if the rand takes another dip against the United States' economy.

The news comes after South Africa's GDP grew to R3,9 trillion compared to Egypt's GDP of R3,8 trillion.

702/Cape Talk's Koketso Sachane spoke to economist at Nascence Advisory and Research, Xhanti Payi, about the issue.

Payi argued that there should be other measures for South Africa to perform better in world markets, instead of relying on a stronger currency as the only determinant, an observation he says is 'superficial'.

Listen to the conversation below:

We should ignore the comparisons because we have different population sizes and different economic bases.

Xhanti Payi, economist

Where can we implement change, where can we help build the momentum and help protect the industries that are doing well.

Xhanti Payi, economist

This article first appeared on 702 : SA eclipses Egypt as Africa's largest economy. Is this good news?


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