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South Africa Reports 1.2% Economic Growth In The Last Quarter Of 2021
A new report focused on the final quarter of 2021 showed an expansion in South Africa’s economy following recovery in the agriculture and manufacturing industries. Data from Statistics South Africa said gross domestic product (GDP) grew by 1.2% quarter on quarter in the last three months of 2021 following a contraction of 1.7% in the…
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South Africa Reports Steady Economic Recovery In Q2
Though South Africa’s economic growth margin is still considered stuck in its longest downward cycle since World War II at below 3%, recent reports show the economy has quickened in the second quarter of 2021 as restrictions to contain the coronavirus pandemic were eased. According to Statistics South Africa, gross domestic product expanded 1.2% in the…