Some positive economic news have come in on Tuesday after Stats SA announced that the Gross Domestic Product (GDP) for the third quarter of 2017 grew by 2%.
Statistician General Risenga Maluleke said the biggest contributor to growth was the agriculture, forestry and fishing industry, which increased by 44,2% and contributing 0,9% to GDP growth.
The mining and quarrying industry increased by 6,6%, and contributed 0,5% to GDP growth, while the manufacturing industry increased by 4,3% and also contributed 0,5%.
However, general government services, electricity, construction and trade industries all decreased in the third quarter of 2017.
Tuesday’s figures continue a growth trend for GDP figures quarter-on-quarter.
During the second quarter of the year, the GDP grew by 2.5%.
This GDP numbers also add on to positive economic growth after Sars last week announced that trade statistics for October showed a trade balance surplus of R4.56bn.
The surplus was attributed to exports of R104.51bn and imports of R99.95bn.