19.04.2025
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SA’s economy contracts by 0.3% in third quarter

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  • Nobutho Thethani, a local farmer works the land at Lawley informal settlement in the south of Johannesburg, South Africa.

1 minute

South Africa’s economy contracted by 0 .3% in the third quarter from a revised 0.3% growth in the second quarter of the year.

The latest data released by Statistics South Africa shows that various industries including agriculture, transport, trade and government services all contributed negatively to the Gross Domestic Product (GDP).

However, the mining, manufacturing, finance and the personal service industry made a positive contribution to economic growth.

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