SA’s multiple crises slam the brakes on GDP
Economic contraction, led by manufacturing, mining and agriculture, follows two straight quarters of expansion
05 December 2023 - 12:51
UPDATED 05 December 2023 - 23:00
The economy lost momentum in the third quarter, raising the risk of slipping into a technical recession during the fourth quarter and putting heavy pressure on Transnet to fix its dysfunctional logistics infrastructure.
GDP contracted 0.2% in the three months to end-September, pulling back from two quarters of expansion, Stats SA reported on Tuesday. Second-quarter GDP growth was revised down to 0.5% from 0.6%...
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