Local economy to register modest growth

The local economy is yet again forecast to register moderate growth this year driven by stabilization in the diamond market.

The projections were made by a local investment manager, Kgori Capital in its Fourth Quarter Insights Report.

It is forecast that the local economy will expand by 3.5 percent for the fiscal year 2019 and by 4.0 in 2019 driven mainly by stabilization in the diamond sector.

The sector, which is the mainstay of the economy accounting for over 80 percent of the total country exports faired terribly last year when international sales fell drastically.

Now, the se...