{"id":1018,"date":"2020-10-13T12:38:37","date_gmt":"2020-10-13T12:38:37","guid":{"rendered":"https:\/\/www.brandhillafrica.com\/JACS\/?p=1018"},"modified":"2020-10-13T13:09:14","modified_gmt":"2020-10-13T13:09:14","slug":"compiled-by-francois-fouche","status":"publish","type":"post","link":"https:\/\/www.brandhillafrica.com\/bispa\/compiled-by-francois-fouche\/","title":{"rendered":"A steep slump in SA\u2019s GDP"},"content":{"rendered":"\n<p>South Africa\u2019s quarterly GDP numbers released by StatsSA showed, as expected, it was a bloodbath.<\/p>\n\n\n\n<p>Steep slump in GDP as COVID-19 takes its toll on the economy.<\/p>\n\n\n\n<p>SA economy contracted by 51% in Q2 2020, measured annually.<\/p>\n\n\n\n<p>According to the report, the primary sector declined by 59%.<\/p>\n\n\n\n<p>Agriculture was the only positive contributor, increasing by 15%, while mining decreased by 73%.<\/p>\n\n\n\n<p>Secondary sector decreased by 72%, dragged lower by manufacturing, electricity &amp; construction.<\/p>\n\n\n\n<p>Tertiary sector declined by 40% as trade, transport, finance &amp; government decreased.<\/p>\n\n\n\n<p>Household spending on most products declined in Q2, in line with the closure of hotels, restaurants, transport services, recreational facilities and many stores.<\/p>\n\n\n\n<p>Consumers spent more on communication. Cut off from family and friends \u2013 and having to suddenly work and study from home \u2013 many consumers increased their spending on communication services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa\u2019s quarterly GDP numbers released by StatsSA showed, as expected, it was a bloodbath. Steep slump in GDP as COVID-19 takes its toll on the economy. SA economy contracted by 51% in Q2 2020, measured annually. According to the report, the primary sector declined by 59%. Agriculture was the only positive contributor, increasing by &hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.brandhillafrica.com\/bispa\/wp-json\/wp\/v2\/posts\/1018"}],"collection":[{"href":"https:\/\/www.brandhillafrica.com\/bispa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brandhillafrica.com\/bispa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brandhillafrica.com\/bispa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brandhillafrica.com\/bispa\/wp-json\/wp\/v2\/comments?post=1018"}],"version-history":[{"count":2,"href":"https:\/\/www.brandhillafrica.com\/bispa\/wp-json\/wp\/v2\/posts\/1018\/revisions"}],"predecessor-version":[{"id":1036,"href":"https:\/\/www.brandhillafrica.com\/bispa\/wp-json\/wp\/v2\/posts\/1018\/revisions\/1036"}],"wp:attachment":[{"href":"https:\/\/www.brandhillafrica.com\/bispa\/wp-json\/wp\/v2\/media?parent=1018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brandhillafrica.com\/bispa\/wp-json\/wp\/v2\/categories?post=1018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brandhillafrica.com\/bispa\/wp-json\/wp\/v2\/tags?post=1018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}