Business In The News South Africa

SA economy grows by 2.2 percent in third quarter, out of recession

JOHANNESBURG, December 4 – South Africa’s economy expanded by 2.2 percent in the third quarter of the year following a revised 0.4 percent contraction in the second, effectively exiting a technical recession, the statistics agency said on Tuesday. The third quarter growth was driven by the manufacturing, transport and finance industries, Statistics South Africa said. […]

In The News South Africa

SA’s unemployment rate unchanged at 26.7 percent in first quarter of 2018

JOHANNESBURG, May 15 (Reuters) – South Africa’s unemployment rate was unchanged at 26.7 percent of the labour force in the first quarter of this year compared with the fourth quarter of 2017, the statistics agency said on Tuesday. In its household-based quarterly labour force survey (QLFS), Statistics South Africa said the working-age population increased by 153,000 or […]