News

SA GDP drops by 51 percent

Date: Sep 9, 2020

South Africa's gross domestic product (GDP) has dropped by a whopping 51% in the second quarter of the year.

South Africa's gross domestic product (GDP) has dropped by a whopping 51% in the second quarter of the year. This is evident of the ripple effects caused by the Covid-19 lockdown. According to Statistics SA which released the GDP figures, nearly all industries experienced a massive drop in output in the second quarter of 2020. So what does this entail for us as ordinary South Africans? On #SAfmBTH with Bongi Gwala spoke to Professor Adrian Saville, who is a Lecturer and Economist at GIBS, Mpho Tsebe, Economist at Rand Merchant Bank (RMB), Dawie Roodt, who is a chief economist at the Efficient Group

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