South Africa GDP Growth Surprises on the Upside ?

Discussion in 'Economics' started by goldsilverratio, Dec 6, 2022.

  1. 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 ?
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    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 ?
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    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 ?
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    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%) ?
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    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 ?
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    South Africa Rand....USDZAR
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    Last edited: Dec 6, 2022
  2. Update on other activities. ( 10th of Dec. 2022 )
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    South Africa imported Solar PV panels worth nearly 2.2 billion Rand in the first five months of this year ?
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    South Africa requires 4-to-6 gigawatts of additional energy production ?
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    South Africa has relaunched a drive to attract private investment in
    industrial-scale renewables projects to boost energy production capacity ?
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    South Africa has loosened regulations on self-generation, by removing a cap
    on the amount of power businesses and individuals can produce ?
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    South Africa Rand...USDZAR...EURZAR...GBPZAR...CHFZAR...ZARJPY
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    Last edited: Dec 10, 2022
  3. Update on other activities. ( 16th of Dec. 2022 )
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    South Africa has begun the construction of its much-anticipated Battery Energy Storage System ?
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    Battery Energy Storage System solutions are an enabler to supply Backup Power
    to those who want to make greater use of Renewable Energy ?
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    The South African power utility held a ceremony to mark
    the beginning of construction of the Project ( 9th Dec. 2022 ) ?
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    Last edited: Dec 16, 2022
  4. Update on other activities. ( 16th of Jan. 2023 )
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    Johannesburg Stock Exchange All Share Index?
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    The South African JSE ALSI breaks new record day close levels?
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    Tractor sales jump on SA’s bumper agricultural harvests and good rainfall?
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