Streaming issues? Report here
John Maytham 2019 1500 BW John Maytham 2019 1500 BW
Afternoon Drive with John Maytham
15:00 - 18:00
volume_up
volume_mute

Up Next: The Money Show with Bruce Whitfield
See full line-up
Afternoon Drive with John Maytham
15:00 - 18:00
Home
arrow_forward
Business
fiber_manual_record
Politics

South Africa's first quarter GDP drops 2%

30 June 2020 12:57 PM
Tags:
GDP
StatsSA
Statistician general Risenga Maluleka

Statistician-General at Statistics SA Risenga Maluleke discusses the impact of global Covid-19 travel restrictions on South Africa.

Stats SA has just released on Tuesday the GDP figures for the first quarter of 2020.

The economy recorded its third consecutive quarter of economic decline falling by 2% in the first quarter of 2020.

South Africa's economy has been in decline for a number of years but now amid the Covid-19 pandemic and lockdown impact, it could well worsen.

Lester Kiewit talks to Statistician-General at Statistics SA Risenga Maluleke.

These numbers released were recorded before the lockdown was implemented.

The impact of Covid-19 was not only felt when we as a country instituted lockdown. We should remember that previously, earlier that 27 March, when our lockdown kicked in, other countries had already instituted travel restrictions.

Risenga Maluleke, Statistician-General - StatsSA

He says this had an impact on areas such as manufacturing, mining and imports and exports.

The larger contribution to negative growth came from mining sitting at a growth of negative 21.5% while it contributed 1.7 to negative growth.

Risenga Maluleke, Statistician-General - StatsSA

He says good rains saw positive growth in the agricultural sector but it was not enough to offset the negative growth in other sectors.

Maluleke emphasises that South Africa's links to external economies have resulted in a broader impact of worldwide restrictions and lockdowns on the economy.

Listen to the interview below:


30 June 2020 12:57 PM
Tags:
GDP
StatsSA
Statistician general Risenga Maluleka

Recommended

More from Business

onionjpg

Small Business Focus: Onion peeler lessons for SMEs

2 July 2020 9:42 PM

Pavlo Phitidis tells more about a strategy that he has been using for years and how to apply this in a business.

Share this:
Read More arrow_forward

edit - equity-market - image from JSE-dot-co-dot-za.jpg

Personal Finance Feature - Equity fund vs index investing

2 July 2020 8:43 PM

Personal financial adviser Warren Ingram says active fund managers in South Africa have had a terrible time.

Share this:
Read More arrow_forward

rotisserie-whole-chicken-poultry-hot-cooked-food-meal-supermarket-meat-123rf

Meat importers say FairPlay’s dumping concerns is just a COVID-19 blame game

2 July 2020 8:05 PM

Association of Meat Importers and Exporters CEO Paul Matthew says there are mechanisms to deal with a possibility of dumping

Share this:
Read More arrow_forward

191115 SAA strike Airways Park1

Four unions sign up for voluntary SAA severance packages

2 July 2020 7:14 PM

DPE acting director-general Kgathatso Tlhakudi says there is hope ahead of talks with Numsa, Sacca and pilots association.

Share this:
Read More arrow_forward

tesla-model-xjpg

Tesla is now the world’s most valuable carmaker

2 July 2020 3:34 PM

Elon Musk’s revolutionary electric car manufacturer has just overtaken Toyota as the world’s most valuable automaker.

Share this:
Read More arrow_forward

Crazy funny man working from home on desktop computer 123rf 123rfbusiness

Job hunting? This CEO is hiring and interviewing remotely – he has advice

2 July 2020 2:15 PM

"We’ve hired people we haven’t met in person," says Karl Hammerschmidt. "There are things you can still do to impress."

Share this:
Read More arrow_forward

masks-picjpg

Fraudsters have allegedly dipped into govt Covid-19 relief billions

2 July 2020 2:02 PM

SIU's Kaizer Kganyago says cases involve price gouging and procurement process irregularities in the health sector.

Share this:
Read More arrow_forward

tourism-travel-accommodation-hospitality-hotel-reception-bell-concierge-123rf

The official word is that leisure travel is not allowed - Fedhasa

2 July 2020 12:38 PM

The tourism ministry has confirmed that leisure travel is not allowed under level 3 lockdown despite earlier claims to the contrary.

Share this:
Read More arrow_forward

Woman working from home mother children 123rflifestyle 123rfbusiness 123rf

How to deal with grievances with your boss while working from home

2 July 2020 11:51 AM

A labour lawyer says she has dealt with companies coming to terms with paying for employees home internet data for work purposes.

Share this:
Read More arrow_forward

Maize mealie grain farmer harvest agriculture 123rfbusiness 123rf

South Africa’s farms are producing near-record amounts of food right now

2 July 2020 11:29 AM

So, far it’s been a good season for South Africa, says Tonie Fuchs (Managing Director at Capespan Group Limited).

Share this:
Read More arrow_forward

More from Politics

cleaner-domestic-worker-house-keeper-yellow-glovesjpg

'Domestic workers struggling to access government's special Covid-19 relief'

3 July 2020 12:11 PM

Sadsawu's Myrtle Witbooi explains many domestic workers aren't UIF registered and the direct contact number is hard to access.

Share this:
Read More arrow_forward

shack-reerected-in-emplwenipng

Leaked City WhatsApp chat shows ordering destruction of shack again

3 July 2020 10:06 AM

A video of City of Cape Town officials dragging naked Bulelani Qholani from his shack in the Mpolweni site went viral.

Share this:
Read More arrow_forward

masks-picjpg

Fraudsters have allegedly dipped into govt Covid-19 relief billions

2 July 2020 2:02 PM

SIU's Kaizer Kganyago says cases involve price gouging and procurement process irregularities in the health sector.

Share this:
Read More arrow_forward

unemployment men on side of road Zwelihle, Hermanus, Western Cape 123rf

Covid-19 Ters relief ends in June. What happens to those still not back at work?

2 July 2020 7:59 AM

UIF Commissioner Teboho Maruping says they are in discussions to find a way to help those still not back at work.

Share this:
Read More arrow_forward

Gay couple same-sex marriage 123rf

Marriage officers no longer allowed to say 'I won't' when gay couples say 'I do'

1 July 2020 2:36 PM

Director of Inclusive & Affirming Ministries (IAM) Rev Ecclesia de Lange says it is a victory for same-sex couples.

Share this:
Read More arrow_forward

privacygif

POPI Act takes effect from today - 1 July 2020

1 July 2020 1:46 PM

Deputy Minister Justice And Constitutional Development John Jeffreys says there is a grace period to get your ducks in a row

Share this:
Read More arrow_forward

200428zweligif

Zweli Mkhize: 'We could not sustain the lockdown as it was'

1 July 2020 11:51 AM

It was reported the health minister warned another hard lockdown might be necessary but it appears to be more nuanced than that.

Share this:
Read More arrow_forward

Bribery, corruption, fraud. Pic 123rf

SIU boss vows to clean up 'grand-scale corruption' in State Attorney's Office

1 July 2020 9:30 AM

SIU head Advocate Andy Mothibi says corruption includes including legal practitioners, medical practitioners, and other officials.

Share this:
Read More arrow_forward

national_lottery.jpg

DTI probe into claims of National Lottery corruption 'will be bigger than VBS'

30 June 2020 1:42 PM

The investigation was brought about largely by GroundUp journalist Raymond Joseph bringing the claims of corruption to light.

Share this:
Read More arrow_forward

Public Protector Busisiwe Mkhwebane.

Public Protector Busisiwe Mkhwebane 'clearly out of her depth and needs to go'

30 June 2020 10:09 AM

Casac's Lawson Naidoo explains the latest appeal she lost regarding the judgment that found Vrede Dairy report unconstitutional.

Share this:
Read More arrow_forward