Statistics South Africa has released a report which indicates that the country’s Gross Domestic Product (GDP increased by 1.6 % in the third quarter of this year.The largest contributions to increased economic activity came from agriculture, followed by finance, real estate, transport and manufacturing sectors.
Economist Laura Campbell says the figures reflect a robust recovery from the impact of the KwaZulu-Natal floods in the second quarter. “Looking ahead there are some headwinds building. Global economic growth looks set to slow and this will be on domestic economic growth. Consumers are not out of the woods yet, they still face a cost of living crisis in terms of rising interest rates and elevated inflation. This too will be a drag on economic growth going forward, especially for a consumption driven economy like South Africa,” says Campbell.
I doubt....
These numbers are faked, the numbers cooled to improve Ramaphosa image. We will also see lot of arrests I'm the coming weeks people will be arrested without readiness to prosecute.
Ramaphosa is working hard for us
Inflation adjusted or are 'finance reporters' in the dark?
Dope