SA’s multiple crises slam the brakes on GDP
Economic contraction, led by manufacturing, mining and agriculture, follows two straight quarters of expansion
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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