Investor Presentaiton

Modest GDP growth expectations, with downside risk South Africa real GDP growth (%) 24 6 4 2 0.3 0 -2 -4 4.9 2.3 1.8 2.0 1.3 -6.3 -6 -8 2019 2020 2021 2022F 2023F 2024F 2025F Source: Absa Research

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