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South Africa’s economy contracts by record 51% in Q2

South Africa’s GDP decreased by a record 51.0 per cent in the second quarter, due to the impact of COVID-19 lock-down restrictions. The largest negative contributors to growth in GDP were the manufacturing, trade and transport industries which saw muted economic activity amid lockdown. Old Mutual Chief Economist, Johann Els joins CNBC Africa for more.

Tue, 08 Sep 2020 11:09:07 GMT
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