South Africa’s economy is bigger than before the coronavirus pandemic struck, after growing faster-than-expected in the third quarter on increased farm output. Gross domestic product expanded 1.6% in the three months through September, compared with a contraction of 0.7% in the previous quarter, Statistics South Africa said Tuesday in a report released in the capital, Pretoria. The median of 12 economists’ estimates in a Bloomberg survey was for growth of 0.4%. The economy grew 4.
The quarterly expansion comes even after Africa’s most-industrialized economy experienced record power cuts because state electricity utility Eskom couldn’t keep pace with demand from its old and poorly maintained plants. Industries behind the better-than-expected growth were agriculture and transport, which grew 19.2% and 3.7% quarter-on-quarter respectively. Strong exports of mineral, vegetable and paper products also contributed.
It’s growing so does unemployment,crime,corruption! Ramaphosa get unveil yourself
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South African economy bigger than pre-COVID after Q3 surpriseSouth Africa's economy grew by a surprisingly large 1.6% in the third quarter of 2022, from a contraction of 0.7% in the second quarter, making it larger than it was before the COVID-19 pandemic. Why are told by this shit news paper, where are the likes of MOODY'S....? This paper LIES too bloody much....TSEK....😤😤😤
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