SA’s economy slows slight uptick
South Africa’s economy grew by 0,6% in the fourth quarter of 2024.
It follows a decrease of 0,1% in the previous quarter of the year.
Statistics South Africa released the GDP figures for between October and December in a press briefing on Tuesday morning.
Stats SA's Joe de Beer says the agriculture, forestry, and fishing industries increased, contributing 0.4% of a percentage point to the positive growth.
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De Beer says this was due to increased economic activities for field crops and animal products.
"The rest of the economy contracted, but although the percentages differ from -0.2 in personal service all the way to -1.4 for electricity. Their contributions to the total economy are basically negative zeros. If we take the small negative growth rates we see it didn't really move the needle too much."
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