Gross fixed capital formation fell 4.5% in the first quarter of 2019 from the prior three months, the Reserve Bank said on Thursday, marking the fifth-consecutive quarter of declines.
Gross fixed capital formation is a measure of new investments into an economy, stripping out expenditure to replace depreciating assets.The improvement in public-sector spending came off a low base, however, and was due to a strong investment drive by state-owned companies, despite financial and governance challenges, the bulletin read.
SA's economy contracted a shock 3.2% in the first quarter compared to the last quarter of 2018, with the Reserve Bank's bulletin showing that this was largely due to a sharp decrease in exports.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Grit sees investment opportunities worth R8.6bnThe real estate income group is eyeing investments in the industrial, corporate accommodation and hospitality sectors
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Tullow delays final investment decisions for African oil dealsUK company awaits official approval in Kenya and Uganda before it can begin operations
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »