Upcoming 2020 GDP data to show true devastation of Covid-19 By Dieketseng Maleke Share Statistics South Africa will on Tuesday next week release the fourth quarter (Q4) and full-year (2020) Gross Domestic Product (GDP) report. The data will come hot on the heels of the national budget, tabled just last week (February 24) by finance minister, Tito Mboweni. In his speech, the minister upwardly revised South Africa’s growth prospects, citing improved global conditions and the easing of lockdown restrictions. He now expects the domestic economy to have contracted by -7.2% for 2020, a slight improvement from the -7.8% contraction that he had projected in October 2020, when tabling the medium-term Budget Policy Statement (MTBPS).