Trade Union UASA Welcomes GDP Growth as Positive News for Workers
Mining output grew 2.3%, agriculture 1.1%, and household spending rose 0.7% as unemployment dropped to 31.9%, Statistics South Africa reported.
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South Africa records stronger-than-expected GDP growth
South Africa recorded stronger GDP growth in the third quarter than many analysts had expected. The 0.5% growth, compared with the previous three months, marked a fourth straight quarter of expansion, extending the economy’s longest growth streak since 2021, when the country was recovering from the COVID-19 pandemic.The 2.1% year-on-year growth — which follows fewer power cuts and improved efficiency by state logistics company Transnet — is “alm…
GDP increases by 0.5% in Q3
GDP increases by 0.5% in Q3 Estelle.Bronkhorst Tue, 12/02/2025 - 12:02 File: South African Rands. GettyImages/RapidEye File: South African Rands. GettyImages/RapidEye JOHANNESBURG - South Africa’s economy managed to stay in positive territory in the third quarter, with GDP rising by 0.5 percent.Trade, catering and accommodation were up 1 percent as consumers kept spending on retail, hospitality and food services.Mining also delivered a s…
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