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The performance of this sector remains curtailed by the low demand in South Africa's main export markets in the developed world. [100] There is growth in some areas, such as the Space industry in South Africa, which is expected to see an increase in Space industry jobs, and jobs in supporting technology and manufacturing sectors.
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. [2]
At the bottom of the list, South Africa had a growth rate of 0.1% while Equatorial Guinea’s economy had receded with a rate of -1.8%. World Bank estimates for 2022 presented a different picture, with Niger leading economic growth at 11.5%, South Sudan receding at a rate of -10.8% and the continent as a whole seeing an average of 4.2% growth. [3]
The South African rand plunged more than 2% following the report. Gross domestic product in Africa's most developed economy fell by 0.7% from April to June, the national statistics agency said in ...
The stakes are high, as the new government will have to tackle long-term problems, with South Africa's economic growth averaging just 0.8% since 2012, unemployment among the highest in the world ...
The result has been to cripple economic activity. Economists estimate that GDP growth could be as high as 3%-5.4% this year were it not for crumbling infrastructure.
Statistics South Africa (frequently shortened to Stats SA) is the national statistical service of South Africa with the goal of producing timely, accurate and official statistics, in order to advance economic growth, development and democracy. To this end, Statistics South Africa produces official demographic, economic and social censuses and ...
Economics Research Southern Africa (ERSA) is a research program funded by the National Treasury of South Africa.. The primary objectives of this research programme are: To provide for the management of a research programme focussed on growth, employment and broadening participation in the South African economy