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

s.a economy

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South Africa

S.A President Cyril Ramaphosa has committed to expand rural infrastructure

  S.A President Cyril Ramaphosa has committed to expand rural infrastructure with the construction of 288 new bridges by 2026 as part of the Welisizwe rural bridges programme. In his keynote address at the launch of the programme in KwaMhlanga, Mpumalanga, Ramaphosa says with a budget of 3.8-billion-rand, the bridges will use locally sourced materials, boosting the economy:  

todayDecember 12, 2024 9

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Business / Economics

South Africa’s Economy Contracts in Q1 of This Year

South Africa's economy recorded a slight contraction in the first quarter of 2024, impacted by a decline in the mining and construction sectors, according to data from the statistics agency on Tuesday as reported by Reuters. Gross domestic product shrank by 0.1% quarter-on-quarter in seasonally adjusted terms, contrary to economists' expectations of 0.1% growth. On a year-on-year basis, the economy grew by 0.5%, slightly below the predicted 0.6% growth.

todayJune 5, 2024 14

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