South Africa’s recession deepened in the first quarter of 2020, with official data on Tuesday showing that GDP contracted 2% from the previous three months.
South Africa’s unemployment rate hit a record high in the first quarter of this year as key sectors including agriculture shed jobs, data showed on Tuesday.
South Africa’s annual inflation rate dropped more than forecast to the lowest in almost nine years in October, providing some room for the central bank to ease policy.
South Africa’s economy shrank by 0,6% in the first three months of the year, Statistics South Africa reported on Tuesday. “The seasonally adjusted real GDP at market prices for the first quarter of 2014 decreased by an annualised rate of 0,6% compared with an increase of 3,8% during the fourth quarter of 2013,” it said in a statement. “The main
Almost two-thirds (64,8%) of South African households have no access to the Internet. Of the 35,2% that do have Internet access, 46,3% get online using a mobile phone. Only 8,6% of South African households have access to the Internet at home. Statistics SA released the information as part