SA's GDP drops by 2.2% in first quarter of 2018

South Africa’s GDP fell by 2.2 percent in the first quarter of 2018.

Economist at Econometrix Dr Azar Jammine says the drop in GDP is not good news - but one must not panic about it.

Read: SA economy shrunk by 2.2% in Q1. Here's why

Speaking to Ray White on The Midday Report, Dr Jammine says this is a result for a single quarter.

We have seen these figures being influenced by seasonal adjustment processes and we have seen significant revisions to these kinds of figures in the past.

Dr Azar Jammine, Economist at Econometrix 

Everyone had expected a weak figure but not as weak as this. And one of the reasons for the extent of the weakness has been a sharp down take in agricultural production.

Dr Azar Jammine, Economist at Econometrix 

Listen to what Dr Jammine thinks of the petrol hike...


Recommended

by NEWSROOM AI
Read More
ANC electoral support up slightly as support for DA and EFF drop - IRR poll

ANC electoral support up slightly as support for DA and EFF drop - IRR poll

International Institute of Race Relations' Gareth van Onselen says the poll put ANC on 56%, the DA on 18% and the EFF on 11%.

[LISTEN] EFF's Floyd Shivambu was a beneficiary of stolen money - Pauli van Wyk

[LISTEN] EFF's Floyd Shivambu was a beneficiary of stolen money - Pauli van Wyk

Journalist Pauli van Wyk outlines how VBS approved Brian Shivambu’s R1. 46m home loan, with a little help from his brother.

Cape Town EMS police escorts in red zones delay emergency response - Hospersa

Cape Town EMS police escorts in red zones delay emergency response - Hospersa

Hospersa's Kevin Halama says EMS attacks resulting in a need for police escorts for paramedics in red zones is not the solution.

SA economy shrunk by 2.2% in Q1. Here's why

SA economy shrunk by 2.2% in Q1. Here's why

South Africa's economy shrunk by 2.2% in the first quarter of 2018 after expanding by 3.1% in the final quarter of last year.

Spaza shops worth R7bn to SA economy

Spaza shops worth R7bn to SA economy

A report's revealed that spaza shops play a significant role in the retail environment, especially in informal settlements.

#AfricaConnected: Tourism contributes 4.2 percent to Ghana's GDP

#AfricaConnected: Tourism contributes 4.2 percent to Ghana's GDP

Africa State of Mind Host Lee Kasumba is visiting Kumasi, Ghana this week.

Popular articles
ANCWL calls on the ANC to suspend Pule Mabe

ANCWL calls on the ANC to suspend Pule Mabe

The women's league says Mabe must be suspended pending the outcome of a sexual harassment complaint lodged against him.

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

Ray White interviews Pauli van Wyk, an investigative journalist with Scorpio at Daily Maverick.

10 best business books reviewed on The Money Show in 2018

10 best business books reviewed on The Money Show in 2018

Know someone who’d appreciate a business book for Christmas? These were the best ones of the year…

10 most-read profile interviews on The Money Show in 2018

10 most-read profile interviews on The Money Show in 2018

The year’s best interviews of South Africa and the world’s most famous (and infamous) movers and shakers.

RMB and a paediatric surgeon from Baragwanath came together to save little lives

RMB and a paediatric surgeon from Baragwanath came together to save little lives

Ray White interviews Prof Jerome Loveland (Paediatric Surgery at Wits and Baragwanath) and Gareth Armstrong (Rand Merchant Bank).

ANC Spokesperson Pule Mabe accused of sexual harassment

ANC Spokesperson Pule Mabe accused of sexual harassment

In a letter seen by Eyewitness News a 26-year-old woman says Mabe wanted to have sex with her in exchange for a job as his PA.

[LISTEN] EFF's Floyd Shivambu was a beneficiary of stolen money - Pauli van Wyk

[LISTEN] EFF's Floyd Shivambu was a beneficiary of stolen money - Pauli van Wyk

Journalist Pauli van Wyk outlines how VBS approved Brian Shivambu’s R1. 46m home loan, with a little help from his brother.

[WATCH] Johnny Clegg opens up about emotional 'The Crossing' video

[WATCH] Johnny Clegg opens up about emotional 'The Crossing' video

South African legend, musician Johnny Clegg talks about the moving recording of his track The Crossing by over 50 artists.