GDP stats: Economy grows, but not enough to secure jobs and long-term recovery - The Mail & Guardian

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According to GDP data released by Statistics South Africa on Tuesday, economic growth was driven mainly by gains in the transport, storage and communication industry, which increased 6.9% in the second quarter.

in July. “That is going to shave off a significant portion of growth, because the two economic hubs that were affected account for half of the country’s GDP,” she said.

“So I am not convinced that the momentum behind the GDP growth will continue into the third quarter. I think we are going to see a deterioration in the third quarter before slightly picking up in the fourth quarter.”, we’re proud of our 36 year history, throughout which we have delivered to readers the most important, unbiased stories in South Africa. Good journalism costs, though, and right from our very first edition we’ve relied on reader subscriptions to protect our independence.

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