South Africa’s Gross Domestic Product (GDP) contracted by 0.6% quarter-on-quarter in the third quarter of 2019.
President Cyril Ramaphosa, in his weekly message to the nation, says the aim of our investment drive is to create jobs, but also to create other economic opportunities as businesses are established to produce and supply products and services.
President Cyril Ramaposa on Thursday opens the first Cell phone manufacturing plant in South Africa.
The Gross Domestic Product data that Statistics South Africa has released shows that mining, manufacturing finance and real estate had positive growth in the three months to the end of June 2019.
Leaders in the Clothing and Textile industry are gathering in Cape Town for a four-day conference.
It’s aimed at finding ways to boost the ailing sector that has shed thousands of jobs due to cheap imports that have crippled it.