South Africa's gross domestic product (GDP) decreased in the third quarter (Q3) despite positive signs of economic growth that led economists to expect the economy to grow by up to 0.5%.
South Africa's GDP decreased by 0.3% in Q3 of 2024, after increasing by 0.3% in the second quarter (Q2) of the year, mainly driven by the agriculture, forestry and fishing industry decreasing by 28.8%.
Economists expected GDP to increase by between 0.2% and 0.5%.
According to Statistics SA, the transport, storage and communication industry decreased by 1.6%, while decreased economic activities were also reported for land transport and transport support services.
The trade, catering and accommodation industry decreased by 0.4%, with decreased economic activities reported for wholesale trade, motor trade and food and beverages.
This story is from the December 04, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 04, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Heritage rescheduled at Vaal
Strydom the jockey to follow on rest of the card.
Quitting on TV: good or bad?
Clinton Larsen became the second coach to quit live on television this season on Saturday.
Sharks make a move in the URC
The Sharks made their move up the United Rugby Championship (URC) table with a breathtaking derby win over the Bulls in Durban, while the Stormers returned to winning ways with a comfortable victory over the Lions in Cape Town.
PINK PROTEAS PLUCKED
ODI: KLAASEN HEROICS NOT ENOUGH AS PAKISTAN SECURE 3-0 WHITEWASH
Larsen quits after Cup loss
Magesi FC head coach Clinton Larsen announced his resignation live on television after his side were beaten 3-0 by the Carling All Stars in the Carling Cup on Saturday at Orlando Stadium.
Usyk maintains perfect record
GREATEST: UKRAINIAN PRAISES HIS 'BEST FRIEND' FURY
Tai hopes to keep cool at Masters
Singapore - Amateur Hiroshi Tai cites Green Jacket winners Hideki Matsuyama and Scottie Scheffler among his golfing heroes and is hoping \"not to be in awe\" of them when he becomes the first Singaporean to tee off at the US Masters in April.
Pep: we will come right eventually
Birmingham - Manchester City manager Pep Guardiola insisted his struggling Premier League champions will regain their confidence after a 2-1 defeat by Aston Villa on Saturday meant they had lost nine of their last 12 matches in all competitions.
Hot Liverpool hit Spurs for six
EPL: MAN UNITED WELL BEATEN AS EVERTON HOLD BLUES
Blue chips ditching ESG
LOANS: 'STILL COMMITTED TO GOVERNANCE'
