This decline is the biggest quarterly fall in economic activity since the first quarter of 2009, when the economy - under strain from the global financial crisis - fell by 6.1%, StatsSA said.
Economy Contracts By 3.2 Percent in the First Quarter
SAnews.gov.za, 4 June 2019
Statistician General Risenga Maluleke says the country's Gross Domestic Product (GDP) contracted by 3.2% in the first quarter of 2019. Read more »
GDP Falls by 3.2%, the Biggest Drop in a Decade
Statistics South Africa, 4 June 2019
The manufacturing industry decreased by 8,8% in the first quarter. The divisions that made the largest contributions to the decrease were petroleum, chemical products, rubber and… Read more »
Prospects for Growth Will Depend on Pace of Reforms, Says IMF
IMF, 3 June 2019
An International Monetary Fund (IMF) mission, led by Ana Lucía Coronel, visited South Africa during May 27-June 3, 2019 to discuss recent economic developments and outlook… Read more »
SA Needs a Functioning Parliamentary Budget Office - Now's the Time to Fix It
Notes from the House, 28 May 2019
South Africa's Parliamentary Budget Office (PBO) is in complete disarray according to SEÁN MFUNDZA MULLER who once worked there. In the 10 years since it was established by… Read more »
SA Reserve Bank Holds Rates, Signals a Cut On the Horizon
Daily Maverick, 23 May 2019
The South African Reserve Bank kept the repo rate, the main lending rate, on hold as expected at 6.75% on Thursday. Two out of five members of the Monetary Policy Committee voted… Read more »
Good news for South Africans is that the gross domestic product figures released by Statistician-General Risenga Maluleke, shows an increase of 2,2%. However despite the rebound, ... Read more »
According to Statistics South Africa, the country has entered a technical recession due to a fall-off in activity in the agriculture, transport, trade, government and manufacturing ... Read more »
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