South Africa GDP Growth Surprises on the Upside ?

G

goldsilverratio

Stats SA has published the latest gross domestic product numbers for the third quarter of 2022,
showing surprising growth of 1.6% in the quarter ?
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The South African GDP rose by 1.6% in the three months to September of 2022,
well above market forecasts of a 0.6% increase ?
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Eight out of ten activities expanded in the third quarter, with the Agricultural Sector (19.2%)
making the biggest contribution to growth, on bumper crops ?
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Significant increases were also seen in Transportation & Storage (3.7%)...Construction (3.1%)...
Mining (2.1%)...Finance, Real Estate and Business Services (1.9%)... Manufacturing (1.5%) ?
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Meanwhile, net trade contributed positively as exports (4.2%) rose much faster than imports (0.6%).
Year-on-year, the economy advanced 4.1%, the most since Q2 of 2021, beating estimates of a 2.8% rise ?
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South Africa Rand....USDZAR
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Update on other activities. ( 10th of Dec. 2022 )
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South Africa imported Solar PV panels worth nearly 2.2 billion Rand in the first five months of this year ?
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South Africa requires 4-to-6 gigawatts of additional energy production ?
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South Africa has relaunched a drive to attract private investment in
industrial-scale renewables projects to boost energy production capacity ?
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South Africa has loosened regulations on self-generation, by removing a cap
on the amount of power businesses and individuals can produce ?
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South Africa Rand...USDZAR...EURZAR...GBPZAR...CHFZAR...ZARJPY
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Update on other activities. ( 16th of Dec. 2022 )
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South Africa has begun the construction of its much-anticipated Battery Energy Storage System ?
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Battery Energy Storage System solutions are an enabler to supply Backup Power
to those who want to make greater use of Renewable Energy ?
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The South African power utility held a ceremony to mark
the beginning of construction of the Project ( 9th Dec. 2022 ) ?
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Update on other activities. ( 16th of Jan. 2023 )
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Johannesburg Stock Exchange All Share Index?
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The South African JSE ALSI breaks new record day close levels?
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Tractor sales jump on SA’s bumper agricultural harvests and good rainfall?
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