Data released by StatsSA last week indicate that the total value of all the goods and services produced in South Africa (i.e. the Gross Domestic Product or GDP) fell in the first quarter of 2019.
President Cyril Ramaphosa says he hopes the Northern Cape will increase its contribution to the Gross Domestic Product (GDP).
Treasury says the country’s Gross Domestic Product (GDP) growth for 2019 is forecast to grow at 1.5% from an estimated 1.7%.
Analysts expect the third quarter Gross domestic product (GDP) numbers will show that South Africa has come out of its technical recession.
Zimbabwe’s budget deficit will more than double to 11.1 percent of gross domestic product this year from an initial forecast of 5 percent due to runaway government spending, a senior treasury official said on Monday.
South Africa’s rand slipped early on Tuesday, as investors waited for second-quarter gross domestic product (GDP) figures due out later in the day.
Economists have warned that the country’s debt to Gross Domestic Product could be pushed to unsustainable levels if requests for bailout by State Owned Enterprises are given a green light.
The country’s Gross Domestic Product (GDP) for the third quarter declined to 2% quarter on quarter from a revised 2. 8 % in the second quarter of 2017.
In 2007, African Union countries committed to investing at least 1% of GDP to Research and Development.
The PIC and Zondo Commissions, official enquiries, AG reports and media reports have highlighted the staggering costs of corruption in the public and private sectors.