GDP increases by 1.6% in Q3

GDP increases by 1.6% in Q3

JOHANNESBURG – The figures released by Statistics South Africa reflect the country’s economic performance between July and September 2022.

The Agriculture, Forestry and fishing industries performed the best, with a 19.2 % increase between July and September. 

There’s been increased economic activity reported for field crops and horticulture products.

Finance, real estate and business services increased at a rate of 1.9%. 

Seven of the 10 manufacturing divisions reported positive growth rates in the third quarter. 

Economists warn that the third quarter performance comes off a low base.

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