Delivering the January 8 statement at the Moses Mabhida Stadium in Durban on Tuesday, President Cyril Ramaphosa shared some feedback on the party's progress.
Senior Researcher at Africa Check, Kate Wilkinson takes a look at some of the claims made by Ramaphosa.
Ramaphosa pointed to a number of economic changes, stating that despite challenges over the last few years, the economy has tripled in size.
Wilkinson says they found a slightly different result.
When we look at this claim, essentially what the president is saying is that over 25 years, GDP has tripled. It appears that this claim does have somewhat of a base in fact although it is a little bit wobbly. It appears to be based on a comparison of current or nominal GDP....— Kate Wilkinson, Senior Researcher at Africa Check
When we spoke to Prof Jannie Rossouw from Wits University, he said by that comparing nominal prices for GDP you are going to get completely distorted figures and that is because in this measure, it includes inflation.— Kate Wilkinson, Senior Researcher at Africa Check
If you want to measure real economic growth and remove inflation from the picture, then you need to use constant or rel GDP and what we see there is South Africa's economy grew 1.9 times.— Kate Wilkinson, Senior Researcher at Africa Check
Click on the link below to hear the full conversation....