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SA’s GDP contracts 0.6% in third quarter – Here’s why this economist remains positive on the country’s growth outlook

PUBLISHED: Tue, 03 Dec 2019 15:32:18 GMT

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South Africa’s gross domestic product has shrunk by 0.6 per cent in the third quarter of 2019. According to Stats SA this follows a revised 3.2 per cent expansion in the second quarter. Agriculture contracted by 3.6 per cent, manufacturing by almost 4 per cent and mining which decreased by over 6 per cent were the contributors to the GDP drop. Maarten Ackerman, Chief Economist, Citadel joins CNBC Africa for more.


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