Stats SA has published the latest gross domestic product numbers for the third quarter of 2022, showing surprising growth of 1.6% in the quarter ? --------------------------------------------------------------- The South African GDP rose by 1.6% in the three months to September of 2022, well above market forecasts of a 0.6% increase ? ----------------------------------------------------------------- Eight out of ten activities expanded in the third quarter, with the Agricultural Sector (19.2%) making the biggest contribution to growth, on bumper crops ? ----------------------------------------------------------------- Significant increases were also seen in Transportation & Storage (3.7%)...Construction (3.1%)... Mining (2.1%)...Finance, Real Estate and Business Services (1.9%)... Manufacturing (1.5%) ? ---------------------------------------------------------------- Meanwhile, net trade contributed positively as exports (4.2%) rose much faster than imports (0.6%). Year-on-year, the economy advanced 4.1%, the most since Q2 of 2021, beating estimates of a 2.8% rise ? ------------------------------------------------------------------- South Africa Rand....USDZAR ------------------------------------------------------------------
Update on other activities. ( 10th of Dec. 2022 ) ------------------------------------------------------------ South Africa imported Solar PV panels worth nearly 2.2 billion Rand in the first five months of this year ? ------------------------------------------------------------ South Africa requires 4-to-6 gigawatts of additional energy production ? -------------------------------------------------------------- South Africa has relaunched a drive to attract private investment in industrial-scale renewables projects to boost energy production capacity ? --------------------------------------------------------------- South Africa has loosened regulations on self-generation, by removing a cap on the amount of power businesses and individuals can produce ? --------------------------------------------------------------- South Africa Rand...USDZAR...EURZAR...GBPZAR...CHFZAR...ZARJPY --------------------------------------------------------------
Update on other activities. ( 16th of Dec. 2022 ) ------------------------------------------------ South Africa has begun the construction of its much-anticipated Battery Energy Storage System ? ---------------------------------------------------- Battery Energy Storage System solutions are an enabler to supply Backup Power to those who want to make greater use of Renewable Energy ? -------------------------------------------------------------- The South African power utility held a ceremony to mark the beginning of construction of the Project ( 9th Dec. 2022 ) ? ----------------------------------------------------------------
Update on other activities. ( 16th of Jan. 2023 ) ------------------------------------------------------ Johannesburg Stock Exchange All Share Index? ------------------------------------------------------ The South African JSE ALSI breaks new record day close levels? -------------------------------------------------------- Tractor sales jump on SA’s bumper agricultural harvests and good rainfall? -------------------------------------------------------