South Africa's gross domestic product (GDP) decreased in the third quarter (Q3) despite positive signs of economic growth that led economists to expect the economy to grow by up to 0.5%.
South Africa's GDP decreased by 0.3% in Q3 of 2024, after increasing by 0.3% in the second quarter (Q2) of the year, mainly driven by the agriculture, forestry and fishing industry decreasing by 28.8%.
Economists expected GDP to increase by between 0.2% and 0.5%.
According to Statistics SA, the transport, storage and communication industry decreased by 1.6%, while decreased economic activities were also reported for land transport and transport support services.
The trade, catering and accommodation industry decreased by 0.4%, with decreased economic activities reported for wholesale trade, motor trade and food and beverages.
Esta historia es de la edición December 04, 2024 de The Citizen.
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Esta historia es de la edición December 04, 2024 de The Citizen.
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Plenty on the line in Tests
With so much on the line in the Test series starting on Thursday, the Proteas can be forgiven for losing to Pakistan in the ODI series last week, but only if they deliver in the five-day campaign.
BUCS TO BOUNCE BACK?
PREMIERSHIP: RIVEIRO LOOKS TO PIRATES TO GET BACK TO WINNING WAYS
'Beaten Proteas can fight for title'
Despite falling in a 3-0 defeat to Pakistan in their ODI series which concluded on Sunday, Proteas white-ball coach Rob Walter remains confident his squad can put up a fight for the title at next year's Champions Trophy tournament.
'Joshua bout only fight left for Fury'
Tyson Fury has been told the \"only fight\" left for him after his points decision defeat in a world heavyweight boxing title bout with champion Oleksandr Usyk is an all-British clash against Anthony Joshua.
Sharks brace for Stormers
Sharks head coach John Plumtree (above) said the Stormers will target the same three areas the Bulls did in their United Rugby Championship (URC) game at Cape Town Stadium on Saturday.
Jacobs gets Black Caps call-up
Hard-hitting New Zealand batsman Bevon Jacobs earned a maiden call-up yesterday for their T20 series against Sri Lanka, which marks the start of Mitchell Santner's tenure as white-ball captain.
Coach change was a subtle one
LUNGA: COMMUNICATION THE KEY WHEN THIS HAPPENS
Amorim: Utd we 'nervous'
Manchester - Manchester United crashed to a humiliating 3-0 home defeat to Bournemouth on Sunday as Ruben Amorim (above) admitted his \"nervous\" team would have to \"suffer\" before they can get back on track.
Enzo happy despite losing ground
Liverpool manager Enzo Maresca insisted he was \"absolutely happy\" despite his side losing ground in the Premier League title race following a goalless draw away to Everton on Sunday.
Liverpool need to keep pushing
SLOT: TABLE-TOPPING REDS MUST KEEP FOOT ON THE GAS
