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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

South Africa

Cosatu Expresses Concern Over South Africa’s 0.3% GDP Contraction

todayDecember 4, 2024 6

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S.A Union Cosatu says it is disheartening that the country’s gross domestic product has contracted by 0.3-percent in the third quarter compared to the second quarter. Statistics South Africa said the leading contributors to the decline were agriculture, transport, and communications. Cosatu’s, Zanele Sabela, says for a brief period, it appeared as if things were improving when expanded unemployment fell by 0.7-percent, and inflation dropped to 2.8-percent:

 

Written by: Leonard Witbeen

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