South Africa is definitely not out of the woods yet in terms of economic recovery if the Trade Activity Index (TAI) is anything to go by. According to the SA Chamber of Commerce and Industry, the TAI for December declined to 42 from 51 in November. And while this drop is considered to be seasonal, the decline of the TAI was greater than it had been in 2008. Economists this week have continued to warn South Africans that economic recovery will be slow following the global economic meltdown in 2008.
