SA's economy grows by 3.3%

Statistician General Pali Lehohla released the Gross Domestic Product (GDP) estimates for the second quarter of 2016 in Pretoria this morning.

According to estimates of real gross domestic product, South Africa’s economy has grown by 3.3 percent quarter-on-quarter.

Economist, Xhanti Payi says part of the gain is the idea that the economy pulled off from negative numbers, which is a positive.

South Africa has missed a technical recession, which would have occurred if we had recorded negative growth in two quarters consecutively.

The turn around in the mining and manufacturing sectors has been a big factor. Payi says the manufacturing sector as well as goods exports have helped boost the economy, and the mining sector also grew by 11%.

A lot of people looked at a growth of about 2 %, 3% was definitely a surprise. The manufacturing sector really came in nicely and certainly the mining sector in one of the biggest surprises that we saw.

Xhanti Payi, Economist

Listen to the full conversation below:

Read More
Caller Julie says luxury train stuck in the middle of the Karoo...all day

Caller Julie says luxury train stuck in the middle of the Karoo...all day

Shosholoza Meyl Premier Classe Luxury Train stuck for hours and it doesn't look like it's going anywhere soon, says Julie.

John Books: Stories of serial killers, tricky DNA and a woman ahead of her time

John Books: Stories of serial killers, tricky DNA and a woman ahead of her time

John' Maytham's three book picks for the week.

Disabled riding school loses ConCourt battle and must find new pastures

Disabled riding school loses ConCourt battle and must find new pastures

SA Riding for the Disabled Association has to move premises after 35 years but have been awarded compensation.

Police shoot at crowd of immigrants with rubber bullets (arrests 136 people)

Police shoot at crowd of immigrants with rubber bullets (arrests 136 people)

"As we speak there’s another standoff in Sunnyside, " says EWN's Barry Bateman.

Controversial circus adamant their animals are happy

Controversial circus adamant their animals are happy

Controversial McClaren Circus, have animal acts as part of their show but claim the animals are not beaten, isolated or retrained.

Retired elite athlete opens up about post competitive depression

Retired elite athlete opens up about post competitive depression

In light of former rugby player Dan Vickerman's suicide, former Olympic rower Lee-Ann Persse talks about life after competition.

Popular articles
Police shoot at crowd of immigrants with rubber bullets (arrests 136 people)

Police shoot at crowd of immigrants with rubber bullets (arrests 136 people)

"As we speak there’s another standoff in Sunnyside, " says EWN's Barry Bateman.

Letters show Moyane refuses to account to Gordhan, turns to Zuma to intervene

Letters show Moyane refuses to account to Gordhan, turns to Zuma to intervene

M&G reports that Sars Commissioner Tom Moyane declared an intergovernmental dispute against Finance Minister Pravin Gordhan.

How Airbnb has made renting in Cape Town even more pricey

How Airbnb has made renting in Cape Town even more pricey

Property management company PayProp argues that Airbnb has driven down rental availability and driven up rental prices in the CBD.

Orange River water for Cape Town not an option - Water Affairs #WaterWatch

Orange River water for Cape Town not an option - Water Affairs #WaterWatch

At R2 million per km, pumping water from the Orange River over 600 km to Cape Town is prohibitively expensive.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.