JOHANNESBURG, Sept. 6 (Xinhua) -- After two consecutive quarters of positive growth, real gross domestic product (GDP) in South Africa decreased 0.7 percent in the second quarter (Q2) of the year to 1.142 trillion South African Rand (about 66.1 billion U.S. dollars), in comparison with 1.151 trillion Rand in Q1, according to the data released by the Statistics South Africa (STATSSA) on its website Tuesday.
The STATSSA said in the statistics report that the devastating floods in KwaZulu-Natal, an economic powerhouse, and load shedding contributed to the decline, weakening an already fragile national economy that had just recovered to pre-pandemic levels.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
