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South African economy grows 0.4% in Q1, in line with forecasts

PRETORIA, June 6 (Reuters) โ€“ South Africaโ€™s economy grew 0.4% in the first quarter of 2023 in quarter-on-quarter seasonally-adjusted terms after contracting by a revised 1.1% in the fourth quarter of 2022, statistics agency data showed on Tuesday. In year-on-year terms the economy grew 0.2% in the first quarter, Statistics South Africa said. The growth [โ€ฆ]
South Africa Risenga Maluleke Kopano Gumbi Emelia Sithole Matarise Bhargav Acharya Siphiwe Sibeko

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Unemployment stats show industries have adapted to SA's power crisis

Manufacturing, trade and construction are industries that are largely dependent on consistent electricity supply. But despite South Africa experiencing power cuts for most days between July and September, these are the industries that account for the bulk of the job gains in Q3.
South Africa Risenga Maluleke Kgomotso Modise General Risenga Maluleke Load Shedding Unemployment Stats
Source: ewn.co.za

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