South Africa’s Economy Grew 0.1% but Agriculture, Forestry and Fishing Decreased
- Although the economy of the country grew by a sluggish 0.1%, specific sectors experienced a decrease in growth
- The agriculture, forestry and fishing sectors decreased by 9.7% due to economic activities and the extreme weather
- South Africans lacked confidence in the government's ability to turn things around and improve the economic growth trajectory of the country
Tebogo Mokwena, a Briefly News journalist in Johannesburg, South Africa, covered accidents, outbreaks, nature and natural disaster-related incidents at Daily Sun and Vutivi Business News for seven years. Do you have a hard news story you would like to share? Email tebogo.mokwena@briefly.co.za with CA in the subject line.
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JOHANNESBURG– South Africa's economy grew by a paltry 0.1% in the fourth quarter, and some sectors performed slightly better than others. However, sectors like agriculture and fisheries suffered a decrease.
The economy grows slowly, and sectors suffer
According to eNCA, the agricultural, forestry and fisheries sectors experienced a 9.7% decline in economic growth. This was believed to be mainly caused by decreased economic activities for field crops and animal products and the extreme weather patterns the country experienced in the previous quarter. Other sectors that experienced growth in the last quarter included the mining sector, which went up by 2.4% and transport support services and communications, which went up by 2.9%.
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South Africans distrust the government
On Facebook, citizens reported a lack of trust in how the government can help the country's economy improve.
Matimba Matt Ngobeni said:
"The ANC government is failing this beautiful country."
MO Tha BI Thathamo said:
"Under this government, we can't trust anything they tell us because we will hear a different story a few years later."
Sthembiso Andile Msibe asked:
"How do they expect the economy to grow when everything is increasing every day?"
Munyai Wa Afrika said:
"No economic growth without job creation."
Katleho James said:
"The ruling party cannot grow the economy ever since Ramaphosa took over."
Ramaphosa believes the economy is growing; SA argues with him
In a similar article, Briefly News reported that President Cyril Ramaphosa praised the budget speech and said it shows that the economy is heading in the right direction.
He said that the country could achieve substantial economic growth. Wits University's Dr Kenneth Creamer from the School of Economics and Finance told Briefly News that the country must act decisively to avoid a fiscal crisis.
Source: Briefly News
