South Africa’s economy shrinks by 0.3% in the third quarter

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South Africa’s economy unexpectedly contracted by 0.3% in the third quarter of 2024, despite steady electricity supply during the period, dragged down by a decline in agricultural output.

South Africa’s economy unexpectedly contracted by 0.3% in the third quarter of 2024, despite steady electricity supply during the period, dragged down by a decline in agricultural output.

According to data released by Statistics South Africa (Stats SA) on Tuesday, four out of 10 industries fell…



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