For several weeks now… a lot of the data has been far better than anticipated…— Dr Azar Jammine, Econometrix
South Africa’s economy grew by 2% in the third quarter of 2017, announced Stats SA on Tuesday.
A Reuters poll had expected third quarter GDP growth to come in 1.5%.
“Agriculture, forestry and fishing” increased by 44.2%, contributing 0.9 of a percentage point to GDP growth.
Mining and quarrying increased by 6.6% and contributed 0.5 of a percentage point to GDP growth.
Manufacturing increased by 4.3%, which contributed a further 0.5 of a percentage point.
Stats SA revised second quarter GDP growth from 2.5% to 2.8%.
The Money Show’s Bruce Whitfield interviewed Dr Azar Jammine, Chief Economist at Econometrix.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
It [2%] wasn’t out of the question… we knew we came out of the drought…— Dr Azar Jammine, Econometrix
For the first time in many years the error is being too pessimistic instead of being too optimistic.— Dr Azar Jammine, Econometrix
It reflects a certain element of resilience…— Dr Azar Jammine, Econometrix
I don’t for one moment believe it’s hunky-dory if he [Cyril Ramaphosa] gets in…— Dr Azar Jammine, Econometrix
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
President Ramaphosa is invoking his inner Mandela for political ends, says Political Economy Analyst Daniel Silke.
Bruce Whitfield interviews Lee Kasumba who is wrapping up her fact-finding mission in Mozambique’s central port city of Beira.
You could say elections are being disrupted.
He's been implicated in an elaborate tax-dodging scheme, says amaBhungane’s Craig McKune. Sars wants R3.7 billion from him .
Fuelled by skyrocketing demand at home and abroad, the SA avo industry is thriving, says the SA Avocado Growers Association.
You've probably never heard of Chuck Feeney. Nevertheless, he’s one of the strangest, most impactful people who has ever lived.
Seven suspects were arrested in Limpopo in less than 24 hours after a cash-in-transit vehicle was blown up in the province.
Consumer journalist Wendy Knowler and a medical testing expert put several harmful weight-loss products under the microscope.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.
GreenCape CEO Evan Rice unpacks why our province is seeing a great deal of success with sustainable energy projects.