JOHANNESBURG – The South African economy slipped slightly in the third quarter after rebounding by a revised 3.2 percent in the second quarter of 2019, Statistics SA announced on Tuesday.
The country’s mining, manufacturing and transport sectors were the biggest drags on growth in the gross domestic product , the national statistics agency said. “Mining was down by 6.1 percent, driven largely by a fall in the production of platinum group metals, coal and iron ore. Gold saw some positive movement in the third quarter, according to the Mining: Production and sales release for September 2019.“Manufacturing fell by 3.9 percent, but being a bigger industry than mining, its contribution to total GDP growth was just as large .
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