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GDP expected to come in lower than 2%

South Africa Mining Industry

South Africa Mining Industry

Pretoria – The Gross Domestic Product for the third quarter is expected to come in lower than the growth seen in the second quarter, largely due to recent industrial action in the mining sector. [Read more…]

GDP grows by 1.4 percent

SA’s GDP grows by 1.4%

SA’s GDP grows by 1.4%

Pretoria – South Africa’s Gross Domestic Product (GDP) came in lower than expected, increasing by 1.4% in the third quarter of 2011. [Read more…]

SA economy slacks growth

South Africa GDP

South Africa GDP

Pretoria – The South African economy’s Real Gross Domestic Product (GDP) contracted to 1.3% in the second quarter of 2011, the slowest rate in almost a year.

“Real GDP at market prices increased by 1.3% during the second quarter of 2011 compared with an increase of 4.5% during the first quarter of 2011,” Statistics South Africa (Stats SA) acting executive manager of national accounts, Gerhardt Bouwer, said on Tuesday. [Read more…]

GDP forecast upped

South Africa - Growth Domestic Product

South Africa - Growth Domestic Product

Pretoria – South Africa’s Growth Domestic Product (GDP) is likely to grow by 0.1 percent to 3.8 percent at the end of the year, said the Bureau for Economic Research (BER).

In its economic prospects report for the third quarter of 2011, it said that the  actual data already released for quarter two of 2011, especially for manufacturing production, suggest that second quarter GDP growth moderated from the 4.8 percent recorded in quarter one. [Read more…]