- South Africa posts 0.5% growth as mining, agriculture strengthen
- Massive inventory build-up signals expectations of higher festive demand
JOHANNESBURG, SOUTH AFRICA – South Africa’s economy expanded 0.5% in the third quarter, easing from the previous quarter.
The latest GDP figures show a mixed but broadly resilient performance, with real output rising by about $3.7 billion (R68 billion) after a stronger 0.9% expansion in Q2. Mining grew 2.3%, agriculture edged up 1.1%, and trade, catering and accommodation increased 1.0%, while electricity, gas and water contracted by 2.5%.
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