The transport and mining industries were the key contributors to fourth quarter GDP growth
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.expanded by 0.1% in the fourth quarter of 2023, helped by significant recoveries in the transport and mining sectors and narrowly avoiding a technical recession after contracting by 0.2% in the third quarter.
The mining and quarrying industry expanded by 2.4% as a result of higher activity for platinum group metals, coal, chromium ore and diamonds. , six out of 10 industries recorded positive growth during the last three months of 2023. The trade, catering and accommodation industry was the main negative contributor, decreasing by 2.9%.
According to StatsSA, the electricity, gas and water industry increased by 2.3% in the fourth quarter, largely the result of an uptick in electricity production and consumption. The agriculture, forestry and fishing; trade, catering and accommodation; electricity, gas and water; and mining and quarrying industries recorded negative growth in 2023.
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